The NCLAT in its order has said that the ED has no jurisdiction to attach the property of a corporate debtor especially when an appeal is pending against such an attachment.

The report talks about procedural co-ordination or consolidation of the insolvency processes of different group companies at any stage of the insolvency proceeding

Extending its previous session losses, HDIL share price declined as much as 4.73 per cent to hit its lower circuit limit of Rs 3.02 on the BSE, which was also its 52-week low and settled at the same price

Enabling effective monetary transmission would not only increase the credibility of the Central Bank but also help in strengthening the financial structure.

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MCA Secretary Injeti Srinivas says personal insolvency is a large subject as it would bring every kind of borrower under its ambit, and hence the government is planning to roll it out in phases

MCA Secretary Injeti Srinivas says there have been reports of misuse of the insolvency law by some homebuyers, who have now been given the status of financial creditors

Three years down the line, resolution professionals have been able to dissolve just 11 companies until June under the Insolvency and Bankruptcy Code

Thomas, in the letter to the RBI, admitted that the exposure to HDIL Group was over Rs 6,500 crore, which is nearly 73 per cent of its total loan book of Rs 8,880 crore as of September 19, 2019

Joy Thomas says the bank didn't report the matter to the RBI even though repayment from HDIL was irregular for the past three-four years because it held security, which was worth twice the loan amount

Liquidity, credit disbursal, rate cuts are likely to feature on the agenda in the meeting between FM Sitharaman and private banks

The Jet Airways Resolution Professional had moved the NCLT on September 20, seeking directions to the banks, who own 51 per cent in the airline since March, to release interim funds

Suzlon, which is controlled by Gujarati businessman Tulsi Tanti, was saved by lenders many times in the past seven years

New laws such as RERA, IBC and GST have given Pallavi Shroff some of her biggest victories

Real estate sales are yet to pick up. The market is throwing up some great deals that you can go for

Finance Minister Nirmala Sitharaman's announcement of Rs 20,000-crore fund may be a liquidity booster but it will not help in demand creation, which is necessary to rid the sector of unsold inventory and cash crunch