To use this functionality, the appointed IRP/RP should choose the reason to obtain new registration in the drop-down menu as \"corporate debtor undergoing the corporate insolvency resolution process by IRP/RP\" while applying for registration on the GST portal, GSTN said in a statement

Madhu Kapur holds 14 crore or 1.12 per cent shares while another investor Mags Finvest holds 3.72 crore or 0.3 per cent shares in Yes Bank; the announcement by Madhu Kapur group ends years-long controversial battle for greater control over the bank

Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board

The bank has to prepare for new set of NPAs post August when the six-month moratorium period ends

If India has to fulfil its dream of becoming a global hub, it needs to rid manufacturing of procedural delays, bureaucratic snafus, high power, logistics and capital costs. Not to forget the long-winding dispute resolution process

Changes in RBI mandate, new infra financing models and rules for new-age banks can rev up the banking engines

The deadline for completion of Jet Airways's insolvency resolution process has been extended till August 21 due to the lockdown

The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better

Coronavirus (COVID-19) Tracker India: Those providing essential services, including media personnel, don't need pass, IDs sufficient. Ambulances and vehicles for essential services will also be allowed

The Ministry of Corporate Affairs \"will begin identifying the benches initially in Delhi and Mumbai where more than half of the incorporated companies in India are registered\"

For corporate borrowers reeling under the pressures of Coronavirus, it will be critical to be able to seek early intervention and avert insolvency

Banking stocks were top losers with BSE bankex tanking 1,443 points to 20,132 today

Also coronavirus related debt would be excluded from the definition of \"default\" under the insolvency and bankruptcy code (IBC)

Sitharaman Speech Live Updates on Economic Package: With an eye on further enhancement of Ease of Doing Business Government announces suspension of fresh initiation of insolvency proceedings up to one year

Finance Minister Sitharaman Live on Rs 20 lakh crore Economic Package: FM Nirmala Sitharaman announced Atma Nirbhar Abhiyan. Provident Fund contribution of employers and workers is being reduced from 12% to 10% each of wages for the next 3 months, announced FM Nirmala Sitharaman. She added that the EPFO benefit will lead to more take home salary.

PM appreciates religious organisations' efforts to celebrate work done by health workers and other service personnel who are fighting global epidemic; each such individual is worthy of salute, says Modi

Coronavirus lockdown has created multiple landmines in the financial services sector. This is how banks and NBFCs are preparing for life post-coronavirus

Reserve Bank of India may revisit old corporate debt restructuring schemes as current regulatory framework of dealing with stressed assets would only accelerate bankruptcies

Sections 7, 9 and 10 of the IBC enable a financial creditor, operational creditor and the promoter, respectively, to initiate insolvency proceedings against a company

Corona in India update: Samshi Talab in Mehrauli including A-3 Lake view apartment, Gali number 1 band of Raj Nagar 2 in Dwarka, and house number 15 to 101 in Dayanand Vihar are the latest additions to the list of hotspots in Delhi; Maharashtra now has 6,427 COVID-19 cases