The Insolvency and Bankruptcy Board of India will launch the Graduate Insolvency Programme, globally the first-of-its-kind course for bankruptcy professionals, in the coming academic session.

The report also mentioned that seven out of the top ten countries are likely to be from the current emerging markets based on purchasing power parity (PPP), exchange rates and nominal GDP.

Essar Steel's next hearing in NCLT is on January 31

The NCLAT has also asked the Committee of Creditors if it has a higher bid for Amtek Auto other than that of Liberty House or not

The Ministry of Corporate Affairs (MCA) is in the thick of action - dealing with shell companies, crisis at IL&FS, putting the fledgling insolvency law in place, and much more. MCA Secretary Injeti Srinivas, in a discussion with Joe C. Mathew and Dipak Mondal, talks about initiatives the ministry has taken in the past one year. Edited excerpts:

Farm distress resolution, facilitating jobs and focus on fiscal prudence should be the government's priorities.

The tribunal said that the PNB is a public sector bank and the banks are in crisis and no attempt should be made to block loan amount so as to avoid worsening of positions in the commercial market.

Jaitley said that there would be no job losses due to merger of the banks and that the move would create a bigger entity like the State Bank of India (SBI).