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Words of wisdom by Charles Dickens: “A loving heart is the truest wisdom” — Why compassion remains humanity’s greatest strengthCharles Dickens’ famous quote, “A loving heart is the truest wisdom,” remains one of the most powerful wisdom lessons in modern life. He di...- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
- The hidden architecture of debt: How companies can make their debt obligations disappearInvestors often read balance sheets, earnings reports, and ratios as if they show the full picture. But even when the numbers are technical...
- 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...
- Restrained by COVID-19: Auditors ask management to confirm certain sales, debt, physical verification of inventoryAuditors are raising questions around the authenticity of sales, inventory and debtors in the financials of several companies, say insiders...
- 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 ...
- An insolvency professional explains why enforcing Anil Ambani's personal guarantee is a tough taskThe progress of the case between State Bank of India (SBI) vs Anil Ambani (Respondent) is expected to lay the groundwork for Insolvency Res...
- 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.
- Bad loans: Is this really resolution or just another waiver? Here is Jaitley's answerJaitley here puts in perspective and clear doubts about a complex banking and accounting issue.
- 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...
- Insolvency law aims at saving promoters not banishing them: Arun JaitleyThe new regulations are viewed by some as giving upper hand to lenders who are reeling under Rs 8 lakh crore of non- performing assets (NPA...
- 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...
- Give fair chance to Vijay Mallya, stop media trial: Kiran Mazumdar-ShawResolution of debt and financial disputes take a long time in the country due to lack of a bankruptcy law, Mazumdar-Shaw said.
- 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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