Thursday, 29 September, 2022
TopicBankruptcy law

Topic: bankruptcy law

Boost for banks as Supreme Court allows recovery of debt from personal guarantors

The top court verdict could potentially speed up efforts by lenders trying to clear piles of bad loans.

DHFL’s bankruptcy saga shows India will struggle to fix financial system after Covid

India's lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now, things could turn uglier.

Banks to get Rs 54,000 crore bonanza this month from bankruptcy recoveries

Banks are expected to benefit from bankruptcy recovery process from Essar Steel, Prayagraj Power Generation, Ruchi Soya and RattanIndia Power.

Common sense wins in Essar Steel bankruptcy case, eases private equity fears

Essar verdict will rekindle hope in integrity of India’s bankruptcy process, but it will take a lot more work to allay concerns about its effectiveness.

SBI-led bank lenders warn of risks to India from Essar Steel sale approval

Banks are opposed to certain terms of the Essar Steel sale, which, they say, could lead to higher lending rates, further affecting India's credit woes.

SEBI, ED and CBDT – the new hurdles in Modi govt’s war on bad loans

A spate of legal challenges mounted by SEBI, ED & CBDT are derailing a 270-day resolution deadline set by the insolvency law.

How Anil Ambani’s bankrupt RCom got entangled in CJI Gogoi sexual harassment controversy

ThePrint traces the RCom-Ericsson saga as the case emerges as the pivot of one of the Supreme Court's biggest crises of faith.

Madam, don’t send us to court, firms keen to avoid bankruptcy law tell SBI

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for the country's business community.

New bankruptcy law has instilled fear among debt holders: IBBI chairman Sahoo

Insolvency and Bankruptcy Board chief says firms facing bankruptcy have paid creditors Rs83,000 crore to avoid insolvency.

A fifth of public sector banks’ assets may go bad in a year

This cycle is unlikely to start reversing till the new bankruptcy law grows up a little.

On Camera

YourTurn

Congress leader Rahul Gandhi and Yogendra Yadav at the Bharat Jodo Yatra | YogendraYadav/Facebook

‘Congress must die’, I said in 2019. What I meant then, and what’s changed now

At this juncture in history, you don't hold on to grudges. Following Paul Samuelson, I ask everyone: 'When the situation changes, I change my assessment. What about you, sir?'
European Commission President Ursula von der Leyen and EU Foreign Policy Chief Josep Borrell address the media on the Ukraine crisis in Brussels, Belgium, on 28 September 2022 | Yves Herman/Reuters

Oil price cap to blacklistings — EU slaps new ‘biting’ sanctions on Russia over Ukraine

Ursula von der Leyen, who proposed the fresh sanctions said the European Union is 'determined' to make Russia pay the price for the further escalation with Ukraine.

Defence

File image of Lieutenant General Anil Chauhan Twitter@adgpi

Centre appoints ‘China expert’ Lt Gen Anil Chauhan as new CDS

Lt Gen Chauhan retired as the Eastern Army Commander on 31 May, 2021. Prior to that, he was the Director General of Military Operations during the Balakot air strike in 2019.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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