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PTI
October 20, 2020
The companies of Modi and Choksi took loans from banks abroad on the basis of LoUs but did not repay them transferring the liability on Punjab National Bank (PNB)


PTI
September 3, 2020
The observations from a two-member NCLAT bench came as it upheld an order of the National Company Law Tribunal


Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


Nevin John
New Delhi, July 22, 2020
India Inc. and its lenders are in a legal crisis. Pre-empting a financial meltdown due to the Covid-19 lockdown, the Centre has suspended the Insolvency and Bankruptcy Code for a year


Rahul Shrivastava
New Delhi, June 9, 2020
The Finance Ministry on Monday issued a \"Statement of Reasons\" for proposing a change even to the offences (as per current law) committed by any individual under various sections of Banning of Unregulated Deposit Schemes Act and beside others


Prasanna Mohanty
May 6, 2020
In the post-industrial democratic era, they have benefited immensely from the public provisioning of health and education that produces quality labour, infrastructure, natural resources, tax incentives, loan write offs (NPAs), bailouts, stimulus packages, and much more. Yet increasingly they use tax havens, shell companies and other tools to evade and avoid paying back


PTI
New Delhi, September 29, 2019
Parekh says the perception about the entire sector witnessing a slump was wrong as phenomenal sales were happening in the affordable and mid-market segment


PTI
August 29, 2019
Besides the paintings, the other seized items belonging to Nirav Modi, currently lodged in a jail in Britain, included high-end watches, bags and luxury cars, the ED said


PTI
August 21, 2019



BusinessToday.In
August 19, 2019
SEBI initiated legal proceedings against ICRA, CARE Ratings and India Ratings & Research since they had given IL&FS the highest rating of AAA even after ITNL defaulted in June 2018 and hence failed to warn investors about the Group's deteriorating credit profile


PTI
July 29, 2019
The Banning of Unregulated Deposit Schemes Bill, 2019 was passed by a voice vote in Rajya Sabha after members, cutting across party lines, supported the legislation that had received Lok Sabha's nod on July 24


PTI
New Delhi, July 24, 2019
Replying to a debate on the Bill, Minister of State for Finance Anurag Singh Thakur said that the Bill is an effort to protect the hard earned money of the poor people


PTI
New Delhi, July 19, 2019
The Banning of Unregulated Deposit Schemes Bill, 2019, seeks to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors


PTI
July 19, 2019



PTI
July 19, 2019



PTI
June 17, 2019



PTI
New Delhi, June 16, 2019
The Sebi probe had begun soon after the crisis came to light at IL&FS group last year, following huge defaults by various entities which together had a debt burden of over Rs 90,000 crore


BusinessToday.In
June 4, 2019
With the Serious Fraud Investigation Office filing an 840-page chargesheet accusing IL&FS Financial Services Ltd (IFIN) of various malpractices, including loan evergreening, the banking regulator may take the extreme step of cancelling its NBFC licence


PTI
New Delhi, June 2, 2019
The SFIO has charged the erstwhile top management members of the group's financial services subsidiary IFIN of forming a \"coterie\" with its auditors and independent directors to defraud the company


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