Create your page here
Latest News for: Insolvent banking
Edit
Adani, Vedanta in race to buy Lanco plant
The Times of India 12 Feb 2020
The plant is housed in a special purpose vehicle (SPV), which took rs 12,000 crore of debt from banks but was unable to service it due to the financial troubles of the parent company, Lanco Group ... The circular instructed banks to initiate insolvency proceedings against companies within 30 days of them defaulting on a loan....
Edit
Economic growth set to bounce back as slump bottoms out: Govt adviser
Business Line 12 Feb 2020
“Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further,” Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters. The Insolvency and Bankruptcy Code, introduced in May ......
Edit
Moneycontrol
12 Feb 2020
India#39;s economic growth set to bounce back as slump bottoms out: Sanjeev Sanyal
Moneycontrol
12 Feb 2020
“Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further,” Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters. The Insolvency and Bankruptcy Code, introduced in May ......
Edit
Mumbai: SevenHills Hosp may breathe its last soon
The Times of India 12 Feb 2020
MUMBAI ... The management has reportedly informed doctors to suspend casualty services and stop admissions ... In 2017, banks and financial institutions approached the National Company Law Tribunal with an insolvency plea ... In February 2019, though, with a foreign bank pumping in around Rs 100 crore, 30-40 new consultants and medical officers were recruited....
Edit
Mumbai: Long-ailing SevenHills Hospital may breathe its last soon
The Times of India 12 Feb 2020
MUMBAI ... The management has reportedly informed doctors to suspend casualty services and stop admissions ... In 2017, banks and financial institutions approached the National Company Law Tribunal with an insolvency plea ... In February 2019, though, with a foreign bank pumping in around Rs 100 crore, 30-40 new consultants and medical officers were recruited....
Edit
Moneycontrol
11 Feb 2020
Insolvency of real estate firms to be limited to project, not across group: NCLAT
Moneycontrol
11 Feb 2020
While some legal experts are of the view that this would ensure completion of projects, others caution that the order is contrary to the fundamental tenets of insolvency and may lead to chaos ... Amendments to insolvency law ‘unreasonable’ and ‘regressive’, homebuyers say....
Edit
India's economic growth set to bounce back as slump bottoms out: govt adviser
Canada Dot Com 11 Feb 2020
“Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further,” Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters. The Insolvency and Bankruptcy Code, ......
Edit
Economic growth set to bounce back as slump bottoms out: Report
The Times of India 11 Feb 2020
“Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further,” Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters. The Insolvency and Bankruptcy Code, introduced in May ......
Edit
CEO in focus Albert Folorunsho: Championing growth of indigenous audit industry
Business Day Online 11 Feb 2020
In the seven years, Folorunsho worked at the firm he gathered working experience as both the Head of Tax unit and the Insolvency Department ... He has also handled several Insolvency assignments for banks ranging from Debt Recovery, Liquidation and Receivership Management....
Edit
NCLAT dismisses RNA plea against insolvency proceedings
The Economic Times 11 Feb 2020
The bank had filed the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which sought the resolution process claiming total dues worth Rs 80.73 crore ... ....
Edit
Amid slowdown, Sanjeev Sanyal bats for Indian economy; These 2 factors may drive growth
Yahoo Daily News 11 Feb 2020
The Insolvency and Bankruptcy Code (IBC), banking sector reforms and corporate tax reductions will propel the growth of the country, Reuters further quoted Sanyal as saying ... It helped banks recover the amount in outstanding corporate loans so that the amount could be lent to new borrowers....
Edit
Now depositors are leaving capital-hungry YES Bank high and dry
The Times of India 11 Feb 2020
When a former Yes Bank Ltd ... and ICICI Bank Ltd ... Depositors had swarmed PMC’s branches last year after the Reserve Bank of India took the rare step of limiting withdrawals following reports that an insolvent developer had accounted for 73% of the regional lender’s total loan book ... HDFC Bank, ICICI Bank and Axis Bank Ltd....
- 1
- 2
- Next page »
