In the past, crony capitalists have found a way to circumvent the democratic setup. They have been using public money for their businesses, and if the businesses failed, they were not ...
The Insolvency and Bankruptcy Code, 2016 was a huge success in solving corporate insolvency in India. The promoters who were exploiting the loopholes of the legal system and did not pay ...
In what reveals the Modi government's unprecedented success in successfully tackling the issue of Non-performing Assets (NPAs) in banks and Financial Institutions, Union Minister of State for Finance, Anurag Thakur has revealed that ...
India had ‘socialism without entry’ before economic liberalization in the early 1990s. This had a negative impact on the economy and gave the ‘Hindu rate of growth’ to the country. The ...
L N Mittal, UK based Indian billionaire is all set to take over the Essar Steel, the prized asset of Ruia family. The Ahmedabad based branch of National Company Law Tribunal ...
India had ‘socialism without entry’ before economic liberalization in the early 1990s. This had a negative impact on the economy and gave ‘Hindu rate of growth’ to the country. The problem ...
IBC- The one stop solution for NPA problem provided by the Modi government
The corporate culture in India was rammed by corruption and nepotism for decades. The Government used to spoon-feed selected established corporate houses through public sector bank loans and if businesses then ...
India did not have a healthy corporate culture for decades. The Government used to spoon-feed selected established corporate houses through public sector bank loans and if businesses fail, public sector banks ...
Kumar Mangalam Birla, chairman of Aditya Birla Group said in an interview that Insolvency and Bankruptcy Code (IBC) is a deeper reform than GST and note ban (demonetization). "I think we're ...
The power sector wants an exemption from Insolvency proceedings under Insolvency and Bankruptcy law (IBC). The government wants to warehouse stressed power projects totaling 25 GW under an Asset Management Firm ...
The Insolvency and Bankruptcy Code (IBC) is a law which consolidates the existing frameworks by bringing a single law for insolvency and bankruptcy. It has been brought to solve the long-held ...
