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Total 11 results found. Search for [ BIFR and Sick industrial Company Act ]

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By Joe C. Mathew, Dipak Mondal, Sumant Banerji, Venkatesha Babu, Manu Kaushik
Delhi, August 22, 2016
Last year, the government provided budgetary and extra budgetary support of Rs 92,000 crore to its companies and only got back Rs 56,000 crore as dividends. Here's why it shouldn't keep throwing more money into this bottomless pit.


By Dipak Mondal
Delhi, June 16, 2016
The Bankruptcy And Insolvency Act, passed in the Budget session of Parliament this year, is meant to change this by mandating a new framework for debt recovery and time-bound resolution of cases, limiting the scope for judicial review, and laying a clear roadmap for how such cases are to be handled.


PTI
New Delhi, December 30, 2015
Two main reasons for accumulated losses are \"diminution in the value of long-term investments in subsidiaries and loans and advances to subsidiaries due to low capacity utilisation and negative margins.


Dipak Mondal
December 23, 2015
TK Vishwanathan, chairman of the committee that drafted the new Bankruptcy Code speaks about government's mission to usher in sweeping changes to the country's bankruptcy law.


Anand Adhikari and Mahesh Nayak
July 16, 2015
Several factors are driving this flourishing trade in bad assets. But the biggest trigger came in November 2013 when RBI Governor Raghuram Rajan, in a strongly worded exhortation, asked the banking system to clean up its act.


Anand Adhikari
February 28, 2015
First,  the budget has further simplified the procedures  for Indian corporate to attract foreign investments


Anand Adhikari
February 28, 2015
The measures initiated in the budget are not enough to address many of the issues connected with ease of doing business. But a beginning has been made in the right earnest.


BT Online Bureau
New Delhi, February 28, 2015
Finance Minister Arun Jaitley on Saturday presented his maiden full-year Budget for the 2015-16 financial year in the Lok Sabha. Read the full text of his speech here:


PTI
New Delhi, August 28, 2014
As per provisions of the Sick Industrial Companies (Special Provisions) Act of 1985, the company now falls under \"potentially sick\" category.


Anand Adhikari
July 15, 2014
The CDR mechanism was created in early 2000 to help distressed corporates with a loan exposure of over Rs 10 crore. If a CDR fails, the asset is classified as an NPA. Today, many corporates are going down despite huge debt restructuring packages.


Tanvi Varma/Money Today
August 17, 2013
Experts say, in the near term, investors are not likely to get anything out of the company going for debt recast. However, if they have a longer holding period of, say, three to five years, some companies can reward investors handsomely after restructuring.


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