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Insistence on Bank Guarantee of private banks in preference to foreign banks a Fallacy: SC
In a dissenting judgement, Supreme Court Justice Indira Banerjee stated that it is incomprehensible why bank guarantees from Scheduled...
Aug 28, 20213 min read


Finance Minister is looking into insurance bonds as a possible replacement for bank guarantees
According to Finance Secretary T.V. Somanathan, the government is considering introducing insurance bonds as an alternative to bank...
Aug 27, 20212 min read


Videocon’s AGR dues: SC stops DoT from encashing Bharti Airtel’s bank guarantees
The Supreme Court on Tuesday ordered the Department of Transportation not to use Bharti Airtel's bank guarantees (BGs) for three weeks in...
Aug 26, 20213 min read


IRPs, RPs and liquidators can now appear before tax authorities, rules CBDT
Interim resolution professionals (IRPs) and resolution professionals (RPS) have now got the formal recognition of income-tax authorities...
Aug 26, 20212 min read


Streamlining outbound investments
Outbound investments from India. have been traditionally governed by the Foreign Exchange Management (Transfer or Issue of Any Foreign...
Aug 24, 20212 min read


Mukesh Ambani vs. Jeff Bezos fight for Future points to lacunae in India's bankruptcy law
A telecom company and a store are shining a light on India's experience with aided corporate death and rebirth. The vision that stares...
Aug 24, 20213 min read


RBI wants you to memorize 16-digit Credit, Debit card numbers, Expiry date, CVV for security purpose
The Reserve Bank of India (RBI) is adamant about its amended data storage policy requirements. The RBI has rejected payment gateway...
Aug 24, 20212 min read


The government is considering operational adjustments in the IBC: Experts
India is proposing numerous reforms to the Insolvency and Bankruptcy Code (IBC), leveraging digital technology to assist overcome...
Aug 24, 20212 min read


IBA moves RBI seeking a licence to set up ₹6,000-cr NARCL, approval likely in next few weeks
According to sources, the Indian Banks' Association (IBA) has applied to the Reserve Bank of India (RBI) for a licence to create up a...
Aug 24, 20212 min read


All ready for grand launch, National Monetisation Pipeline (NMP): FM
Finance Minister Nirmala Sitharaman will launch the National Monetisation Pipeline (NMP) tomorrow in New Delhi. The objective of the...
Aug 24, 20212 min read
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