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IBC to be amended

The Cabinet approved on November 22 the promulgation of an Ordinance to amend the Insolvency and Bankruptcy Code (IBC). The amendment may streamline the...

Insolvency regulations improved

The Insolvency and Bankruptcy Board of India (IBBI) has improved the due diligence procedure for resolution applicants including promoters. Corporate resolution applicants including promoters...

RBI prepares another list of 35-40 loan sharks

The Reserve Bank of India is said to have prepared a second list of 35-40 big loan defaulters. It may be formally made public...

Fate of 12 large borrowers to be decided soon

Although the Reserve Bank has not made public the list of 12 companies that have accumulated huge loans of Rs two lakh crores from...

Bank’s debt recovery bill referred to JPC

Finance Minister Arun Jaitley introduced the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 in the Lok...