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Risk-averse banks’ negative impact on MSMEs
The Prime Minister's dream of a $5-trillion Indian economy by 2025 along with effective financial inclusion and sustainable economic...
Aug 20, 20212 min read


NCLT passes liquidation order against Nirav Modi’s flagship firm Firestar International
The dedicated bankruptcy court has ordered Nirav Modi's main company Firestar International Ltd. to be liquidated, and Shantanu T. Ray...
Aug 20, 20212 min read


Kotak bank launches DIY repayment platform using AI & ML technology
In a partnership with Creditas Solutions, a fintech firm, private sector lender Kotak Mahindra Bank (KMBL) has created a do-it-yourself...
Aug 20, 20212 min read


IFCI files a complaint with the NCLT against Videocon's debt resolution as oil assets to be included
IFCI Ltd., a Videocon lender, has filed a petition with the National Company Law Tribunal to stop the other lenders from selling Videocon...
Aug 20, 20212 min read


A 'Tenant in Sufferance' Not entitled to any protection of Rent Act against SARFAESI Proceedings: SC
The Supreme Court stated that a tenant in suspense is not entitled to any Rent Act protection from SARFAESI actions. A "tenant at...
Aug 19, 20213 min read


The Supreme Court has rejected banks' request for RTI exemption
A Supreme Court bench led by Justice S.A. Nazeer refused to hear petitions from the various public sector and private banks, including...
Aug 19, 20213 min read


IBBI collaborates with Jindal Global Law School for launch of Insolvency Law Working Paper Series
Insolvency and Bankruptcy Board of India (IBBI) has collaborated with O.P. Jindal Global University and Jindal Global Law School for the...
Aug 17, 20212 min read


Liquidation can’t be a benchmark under IBC, peer economies should be our benchmark: Jayant Sinha
In an interview, Jayant Sinha, chairman of the Parliamentary Standing Committee on Finance, said that India should compare its recovery...
Aug 17, 20213 min read


Time to reevaluate Insolvency and Bankruptcy Code, 2016 (IBC)
The Insolvency and Bankruptcy Code (IBC) was enacted to speed up debt settlement and increase the rate of recovery. Following some early...
Aug 17, 20212 min read


Only a small percentage of enterprises submitted to the IBC is liquidated
Policymakers and analysts have been closely monitoring the efficacy of the Insolvency and Bankruptcy Code (IBC), which was enacted to...
Aug 16, 20212 min read
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