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Total 169 results found. Search for [ wilful%20defaulters ]

Results 1 to 21 of 169
February 20, 2018
February 18, 2018
New Delhi, February 13, 2018
After six months long painstaking insolvency proceedings and due diligences, the Rs 43,000 crore debtor Essar Steel has received just two bids--- from ArcelorMittal and Numetal Mauritius--- on Monday.
January 28, 2018
January 7, 2018
New Delhi, December 29, 2017
The latest amendments are meant to punish defaulters as well as make the insolvency resolution process more efficient. Some, of the stricter provisions of the earlier ordinance have been dropped to create a balance between these two objectives.
December 28, 2017
December 28, 2017
December 26, 2017
December 24, 2017
New Delhi, December 19, 2017
The cardinal reason that the Ordinance has been criticized in some quarters is that it prohibits the promoters (who are having NPA), persons related to promoters and disqualified directors to bid for the corporate debtor, who are the heart and soul of the company.
December 14, 2017
New Delhi, December 5, 2017
Corporate lawyer Shardul Shroff, who is also executive chairman of  Shardul Amarchand Mangaldas, sheds light on some of the issues that are still in the minds of bidders, bankers and promoters
New Delhi, November 30, 2017
While the intention of the Ordinance is praiseworthy, if one looks at the fineprint, it may have been too sweeping, making it liable to be challenged in a court of law.
New Delhi, November 29, 2017
Politically, it makes sense to try and make sure that people who take huge loans, get the banks into trouble by defaulting, and mismanage do not get too many chances to hold on to their companies and assets at the cost of their lenders taking a steep haircut.
New Delhi, November 28, 2017
The finance minister said the present government had not waived off any loans of big NPA defaulters, and that \"rumour mongers\" should know that the previous government - rather than taking firm decision against debtors - had relaxed the loan classification norms to keep defaulters as non-NPA account holders.
New Delhi, November 24, 2017
It's not just public sector banks that are staring a mountain of NPAs - private sector banks are also taking a hit.
November 27, 2017
The central government on Wednesday revised the Insolvency and Bankruptcy Code (IBC), preventing wilful defaulters, dubious promoters and those involved in fraudulent transactions from bidding for stressed assets.
New Delhi, November 23, 2017
On the question of whether he is satisfied with the current amendments, Kumar said, \"I will be happy when the resolution happens. I don't mind some haircut but I don't want to be bald.\"
New Delhi, November 23, 2017
President RN Kovind on Thursday gave his nod to the Ordinance to amend the Insolvency and Bankruptcy Code (IBC), 2016, which aims to prevent \"unscrupulous, undesirable persons from misusing the provisions of the IBC\". In the video Rajeev Dubey, Editor, Business Today talks about the promoters who will suffer the most because of the Ordinance.

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