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Daily Archives: October 29, 2017

‘Insolvency and Bankruptcy Code helping in resolving disputes in time-bound manner’ – Hindu Business Line

BankruptcyBy Insolvency GuardianOctober 29, 2017

Coimbatore, October 29:   The time taken and costs involved in resolving disputes have crippled the entrepreneurial community in India. Statistics show that the recovery is only 20 per cent in India and in global ranking, the country is in the 136th position with respect to the time taken for resolving disputes. China is in the…

Too early for banks to pat themselves on the back over credit card changes – Brisbane Times

Debt HelpBy Insolvency GuardianOctober 29, 2017

Trying to answer this raises questions about just how pro-customer or paternalistic, depending on your perspective we should expect banks to be. In a market where consumers often behave irrationally, should banks be trying to help us out, or waiting for us to slip up so they can maximise profits? The humble credit card has…

Chronic debt can only be solved with new legislation, says advice site founder – The National

Debt HelpBy Insolvency GuardianOctober 29, 2017

Chronic debt can only be solved with new legislation, says advice site founder – The National x Abu Dhabi, UAESunday 29 October 2017 Read the full article at: https://www.thenational.ae/business/money/chronic-debt-can-only-be-solved-with-new-legislation-says-advice-site-founder-1.671144

Essar Group, Tatas, ArcelorMittal eye Essar Steel – Economic Times

BankruptcyBy Insolvency GuardianOctober 29, 2017

Top global players including Tata Steel, Essar Group and ArcelorMittal are learnt to have submitted bids to acquire debt-laden Essar Steel which is going through the insolvency resolution process. Essar Steel India Ltd, an integrated steel producer with an installed capacity of 10 million tonne per annum (MTPA) is undergoing Corporate Insolvency Resolution Process (CIRP)…

Essar Group, Tatas, ArcelorMittal Eye Debt-Laden Essar Steel – NDTV

BankruptcyBy Insolvency GuardianOctober 29, 2017

New Delhi: Top global players including Tata Steel, Essar Group and ArcelorMittal are learnt to have submitted bids to acquire debt-laden Essar Steel which is going through the insolvency resolution process. Essar Steel India Ltd, an integrated steel producer with an installed capacity of 10 million tonne per annum (MTPA) is undergoing Corporate Insolvency Resolution…

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