Jul 7, 20212 minCentre cannot delegate responsibility for DRT outside of the State: Kerala High CourtA Division Bench of the Kerala High Court has ruled that the Centre cannot entrust the charge of a Debts Recovery Tribunal (DRT) to any...
Jul 7, 20212 minMirage of debt recovery cannot save banksThe banking sector has been flooded with NPAs during the past decade. As a result, most of the banks have become financially unstable,...
Jul 7, 20212 minIBC is meant for reorganisation, it is not a recovery tool: IBBI Chairperson MS SahooInsolvency and Bankruptcy Board of India (IBBI) is a regulatory body of the Insolvency and Bankruptcy Code (IBC). The IBBI Chairperson...
Jul 7, 20211 minRevised Standard Operating Procedure dated 3rd January, 2021 would now be fully operational in NCLATNational Company Law Appellate Tribunal (NCLAT) referred to its earlier Notice No. 112/2021 dated 24th May 2021. The Notice under...
Jul 6, 20212 minAirtel Payments Bank to achieve break-even by Financial Year 2021-2022The Airtel Payments Bank saw an increase in business in the financial year 2020-2021 due to the completion of the Covid lockdown and...
Jul 6, 20211 minRBI report warns banks to address MSME retail credits and stabilize credit exposureThe Reserve Bank of India (RBI) in its bi-annual financial stability report asked the banks to increase the capital positions while the...