A salaried borrower can seek initiation of insolvency and bankruptcy proceedings on outstanding debts in the event of her inability to repay loans
Britain has approved the extradition of fugitive Indian diamond tycoon Nirav Modi, a Home Office spokesman said on Friday.
LONDON (Reuters) – Britain has approved the extradition of fugitive Indian diamond tycoon Nirav Modi, a Home Office spokesman said on Friday.
As per the Ordinance which has introduced Chapter III A calls for a prior registration under the Micro, Small and Medium Enterprises Development Act for a corporate debtor to be eligible for pre-packaged insolvency resolution process.
Though businesses in India have begun to embrace this change as being resourceful in utilizing the same as a cost cutting mechanism with little or no effect on productivity, the already impacted real estate industry is being pushed further into crisis akin to a sinking ship in deep waters.
Existing promoters may get to bid for their own entity
CoC will refund ₹19,350 crore to JSW if the ED plea to attach Bhushan Power assets is upheld by SC
Even as the Chairman of Tata Sons bets on new areas such as electric vehicles, digital and healthcare, legacy challenges continue to shadow the $106 billion conglomerate.
Times Group sends legal notice to BARC, demands Rs 450 cr in damages
The company contended that the ratings agency ‘wilfully and deliberately’ did not take action on the findings of a July 2020 report commissioned after whistleblower allegations about TRP manipulation
Giving seven-days time to comply, the legal notice warned that the media group will be constrained to adopt criminal and also civil action against the BARC.
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