The bankruptcy code has broken new ground by lifting homebuyers left without apartments by debt-stressed builders to the status of financial creditors.
Banking sector in India is coping with about $210 billion of problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.
JSW and Tata Steel have planned to expand their own facilities, while aiming to snap up some of the distressed assets for sale under India’s new bankruptcy laws.
Ten benches with a combined 26 judges and technical staff are hearing more than 2,500 insolvency cases. A streamlined bankruptcy process is crucial for Prime Minister Narendra Modi’s attempts to come to grips with a simmering banking crisis.
After the illegal detention of Prema Wangjom Thongdok at Shanghai airport, China once again fell back on a deliberate playbook it has used for decades.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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