Parliamentary Standing Committee on Finance chairman Jayant Sinha says prepackaged bankruptcy and efficient solutions for MSMEs are policy areas in consideration.
DHFL’s committee of creditors has approved Piramal Capital’s offer of around Rs 37,000 crore for the company, which has a debt of nearly Rs 85,000 crore.
Waiver of interest-on-interest for all during the moratorium can minimise moral hazard. Keeping it selective would've run the risk of hurting credit culture.
Let zombie firms linger on & banks stay crippled a little longer if it leads to deeper reform, so India can get away from broken financial system of the 1980s.
Finance Minister Nirmala Sitharaman says saving companies impacted by the pandemic was more important than facilitating recovery by creditors under the law.
The Delhi HC Thursday restrained Anil Ambani from selling or transferring his assets, and allowed insolvency proceedings against his telecom companies to continue.
Lessons from the 2008 Global Financial Crisis can help us avoid policy mistakes during the Covid-19 pandemic, especially with respect to inflation & bad loans.
The petition claims suspension of section 10 of IBC will push the companies towards liquidation, discourage entrepreneurship and defeat the objectives of the Code.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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