NEW DELHI: The government today said it has no plans to waive corporate loan and banks are advised to resolve stressed accounts speedily or start insolvency proceedings case by case. “No proposal for waiver of corporate loan is under consideration of the government,” Minister of State for Finance Shiv Pratap Shukla said in a written…
DetailsBoth Houses of parliament began their day on a smooth note with Lok Sabha taking up Questions and Rajya Sabha with Zero Hour. While Lok Sabha is expected to take up The National Medical Commission Bill, 2017, The Insolvency and Bankruptcy Code (Amendment) Bill, 2017, among others, while Rajya Sabha is likely to take up…
DetailsJohn Major was urged to cancel the Soviet Unions vast debts in return for dismantling its massive nuclear arsenal, papers released to the National Archives have revealed. As the USSR fragmented into its constituent republics in December 1991, the prime minister received a proposal from the newly founded European Bank for Reconstruction and Development (EBRD)…
DetailsIssues related to the care of children following a family breakdown were the most common subject for assistance by Legal Aid NSW lawyers in Orange in the last financial year. Of the 1242 free legal services given to people in Orange by the organisation, 196 were for the family matters. It was followed by debts,…
DetailsAccording to a source close to the development, Edelweiss has already submitted its expression of interest and would be presenting a resolution plan in the coming days. The last date for Monnet Ispat will be extended as lenders are not happy with JSW Steels offer. Monnet Ispat plans to file an application for…
DetailsAustin Community College wants Lyric Wardlow back in school. Members of the ACC Cabinet, campus operations and public affairs departments pooled donations and paid off $332 in Pell grant debt that Wardlow owed when she needed to drop out of classes after a family member died. Now the once-homeless teen can restart school with a…
DetailsHYDERABAD:Canara Bank on Friday filed a petition before National Company Law Tribunal (NCLT), Hyderabad, urging it to declare M/s Transstroy (India) Ltd as bankrupt and initiate corporate insolvency process against the construction company. This bank’s decision is likely to have several ramifications as Transstroy is the main contractor currently entrusted with the task of constructing…
DetailsJim Pickard and Gavin Jackson in Kew, west London December 29, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont t… Read the full article…
DetailsBy: ENS Economic Bureau | New Delhi | Published: December 29, 2017 5:27 am The Bill allows asset reconstruction companies, banks and alternative investment funds registered with the Securities and Exchange Board of India. (Express photo by Ravi Kanojia) Related News Defaulting promoters who had submitted resolution plans for insolvent companies before an Ordinance in…
DetailsThe International Airlines Group, which operates British Airways and Iberia, is to buy Austria’s insolvent low-cost holiday carrier Niki, dpa has learned. With its network of European and North African vacation destinations, Niki declared itself insolvent this month after German carrier Lufthansa withdrew its takeover offer for the airline. Lufthansa said it abandoned its…
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