Another defaulters´ list sent to NCLT

Another defaulters´ list sent to NCLT Banks on Friday from the India´s second on large size corporate the National Company Tribunal (NCLT) for resolution This was after refused toaproposal from the banks to the rules in this regard for those companies which are close to a resolution.Videocon Industries, Jaiprakash Associates and Jayaswal Neco Industries now […]

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Banks to refer 25 firms on RBI’s second list to NCLT

Banks to refer 25 firms on RBI’s second list to NCLT Videocon, Anrak Aluminium, Jayaswal Neco Industries among total 28 firms on list Lenders have decided to refer 25 of 28 companies on the Reserve Bank of India’s second list of large corporate defaulters to the National Company Law Tribunal (NCLT) for initiation of insolvency […]

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Govt moves amendments to plug loopholes in insolvency law

Govt moves amendments to plug loopholes in insolvency law The Insolvency and Bankruptcy Code (Amendment) Bill 2017 allows defaulting promoters to be part of the debt resolution process, provided they repay dues in a month The government on Thursday moved amendments to the Insolvency and Bankruptcy Code (IBC), seeking to streamline the law and plug […]

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Parliament passes bill amending Forest Act

Parliament passes bill amending Forest Act The Parliament passed on Wednesdayabill to exclude bamboo from the definition of tree under the Indian Forest Act, claiming it would improve the earnings of tribals and dwellers living around forests.The Indian Forest (Amendment) Bill, which was adopted by the Lok Sabha on December 20, was passed byavoice vote […]

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