RBI directs IDBI Bank to start insolvency for Lanco Infra – Hindu Business Line

New Delhi, June 17:   Lanco Infratech today said the Reserve Bank has directed its lead lender IDBI Bank to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC). Lanco Infratech Limited (LITL)…vide letter dated June 17, 2017, intimated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that…

Parliament passes new superannuation bill | Nest Egg – nestegg.com.au

A bill that contains changes to the governments superannuation tax reforms, including for limited recourse borrowing arrangements and transition to retirement income streams, has passed both houses of Parliament. Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 was approved by both the House of Representatives and the Senate on Thursday 15 June, and makes changes…

Faster insolvency: New process in place for start-ups, small cos – The Indian Express

By: ENS Economic Bureau | New Delhi | Published:June 17, 2017 3:03 am The Insolvency and Bankruptcy Board of India (IBBI) has notified provisions to expedite the resolution process of default cases of small companies and start-ups within 90 days, according to an official statement. Currently, the Insolvency and Bankruptcy Code (IBC), under which the…

Centre speeds up insolvency process – The Hindu

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