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May 27, 2018
The agency, empowered by the Union government to enact the new power in the country, will seek an official declaration to categorise Nirav Modi as a \"fugitive\" based on its prosecution complaint under the Prevention of Money Laundering Act.

Dipak Mondal
New Delhi, May 25, 2018
Experts say that being financial creditors, home buyers should be attending the CoC meetings and even should have voting rights.
May 25, 2018
New Delhi, May 24, 2018
Homebuyers will now be treated on par with financial creditors and lenders after the Union Cabinet approved amendments to the Insolvency and Bankruptcy Code; even as petrol and diesel prices are on fire, the government is still to come up with a solution to this rampaging price rise and rising current account deficit due to crude price hikes has weakened the rupee further against the dollar. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Mail Today Bureau
May 24, 2018
The union cabinet on Wednesday approved the promulgation of an ordinance to amend the Insolvency and Bankruptcy Code (IBC) in order to classify homebuyers as financial creditors at par with banks which will enable them to get quick refunds from defaulting builders.
May 23, 2018
May 23, 2018

New Delhi, May 23, 2018
The committee also rejected the recommendation under the section 29A for disqualification for MSMEs. The MSMEs (Micro Small and Medium Enterprises) will now be exempted from all conditions under the Section 29 of the IBC. Under Section 29 of the IBC Act, a person or a company suffering disqualification can't participate in the resolution process.
May 23, 2018
May 23, 2018
May 4, 2018

April 29, 2018
Showing urgency in dealing with absconding loan defaulters, the government has come out with series of rules to operationalise the fugitive economic offenders law, for which an ordinance was promulgated by the President last week.
April 24, 2018

New Delhi, April 22, 2018
After moving the insolvency authority in the US, Punjab National Bank (PNB) has raised heat by approaching Hong Kong Court against billionaire jeweller Nirav Modi, who is accused of a Rs 13,000-crore fraud.

New Delhi, April 22, 2018
President Ram Nath Kovind last night promulgated Fugitive Economic Offenders Ordinance that will allow the government to confiscate properties and assets of loan defaulters who flee the country.
April 22, 2018

New Delhi, April 21, 2018
The Union Cabinet today approved a proposal to promulgate Fugitive Economic Offenders Ordinance 2018 that provides for confiscating properties and assets of economic offenders like loan defaulters who flee the country, sources said.
April 21, 2018

New Delhi, April 4, 2018
The newly-introduced bill will apply to all private schools charging over Rs 20,000 in fees annually including the minority institutions. It will come into effect from the academic session 2018-2019.
April 4, 2018

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