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99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...- Before air conditioning, America shipped lake ice as far as Kolkata; up to two-thirds melted en route, and the rest could cost 10 times more than beefFrederic Tudor embarked on an unprecedented journey by transporting ice from the ponds of New England to the sweltering climate of Calcutta...
- In 1787, William Smith began mapping England as a surveyor’s assistant; 28 years later, his travels produced the first geological map of an entire country, only for him to land in debtors’ prisonIn 1787, William Smith began mapping England as a surveyor’s assistant. Twenty-eight years later, his endless travels produced the world’s ...
- US CBP's 10-day warning emails: What foreign visitors need to know about their stayForeign visitors in the US may receive a CBP email reminder. This notification indicates ten days or less remain on their authorized stay. ...
- How companies create fake cash in books, and take investors for a rideCash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalu...
- Rs 1 crore debt, children’s education abroad...: Why Shah Rukh Khan co-actress Sushmita Mukherjee did C-grade filmsSushmita Mukherjee opened up about doing films she was not proud of, revealing that financial struggles influenced her choices. After her m...
- SC says insolvency shield cannot protect real estate promoters from homebuyers' casesThe Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant rel...
- Quote of the day by Charles Dickens: ‘There was a long hard time when I kept far from me the remembrance of…’ – ‘Great Expectations’ author on how we often realise true value only after something is goneQuote of the day: Charles Dickens, a renowned Victorian author, explored human nature's tendency to undervalue present blessings. His quote...
- Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: Supreme CourtThe Supreme Court has ruled that once a resolution plan is approved, any pending civil suits and arbitration proceedings are effectively ha...
- ETMarkets Management Talk | We want to grow 20% annually without taking on debt: Bansal Wire's Pranav BansalBansal Wire Industries is focusing on operational efficiency and cash generation for growth. The company targets twenty percent annual grow...
- Defaults worth Rs 10.2 lakh cr settled at pre-admission of insolvency cases since 2016: Economic SurveyThe IBC has created an "optimal incentive-disincentive mix" to facilitate above-board and transparent dealings in creditor-debtor relations...
- Income tax cannot raise fresh claims after resolution plan approved under IBC: Bombay High CourtThe tax department had issued fresh notices to the corporate debtor after a resolution plan was approved. There is still ambiguity over wha...
- IBBI notifies prepack insolvency resolution process regulations for MSMEsThe prepack regulations define the eligibility and terms of appointment of resolution professionals, the norms for meetings between credito...
- NCLT has jurisdiction to adjudicate disputes solely relating to insolvency of corporate debtor: Supreme CourtA bench of Justices DY Chandrachud and M R Shah said, "Therefore, considering the text of Section 60(5)(c) (of IBC) and the interpretation ...
- View: IBC remains suspended but its spirit lives onHowever, Reserve Bank of India (RBI) Resolution Framework for Covid-19 Related Stress (RBIFC) of 6th August brought us back into the realm ...
- Getting your dues: Procedure for creditors to file under IBCThe recent Insolvency and Bankruptcy Code (IBC) has been a big sigh of relief for MSMEs which would, ensure faster debt recovery or liquida...
- What if you go broke like Vijay Mallya? Personal bankruptcy decodedWhile bankruptcy filing for corporates is well-organised under the IBC, it isn't as streamlined for individuals.
- Time taken at tribunals in insolvency cases to be excluded from statutory 270 days: SCThe top court also stressed the need of "time-bound" disposal of insolvency process saying it would not only support the development of "cr...
- The how, why & what about Business GuaranteesA Guarantee is a promise to pay another person's debt or fulfill his or her contractual obligation, if that other person fails to perform h...
- HC ruling on bounced cheques rattles tradersThe Bombay High Court judgement that the drawer of a bounced cheque cannot be prosecuted if the instrument was issued only as a security ha...
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