Photo: PTI Bankers are worried over RBI’s new diktat seeking higher bad loan provisioning In what has come as a shocker for banks amid the ongoing bankruptcy proceedings as part of measures to tackle the bad loan menace, the Reserve Bank of India has reportedly asked banks to undertake a steep increase in provisioning requirements…
NEW DELHI/ KOLKATA: Efficiency of the resolution infrastructure depends on the capabilities of the insolvency professionals The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capabilityassessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially `8 lakh-crore exercise, seeking to win over an ecosystem…
Never before have so many of Indias most-indebted companies faced the threat of insolvency proceedings. It is somewhat hard to capture, or even understand, the full import of all that has happened in corporate India over the past two weeks, but this is clearly a new chapter playing out. Events have unfolded very quickly after…
NEW DELHI/ KOLKATA: Efficiency of the resolution infrastructure depends on the capabilities of the insolvency professionals The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capabilityassessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially `8 lakh-crore exercise, seeking to win over an ecosystem…
Those who don the IP hat are usually chartered accountants or business managers Veena Mani June 25, 2017 Last Updated at 23:53 IST Insolvency professionals (IPs) are the new kid in town in great demand particularly after the RBI asked bank… Read the full article at: http://www.business-standard.com/article/opinion/know-the-new-world-of-insolvency-professionals-117062500786_1.html
Tennis icon Boris Becker has rubbished reports he’s to split from his wife of eight years, Lilly Becker. The former Wimbledon champion, 49, has responded to rumours about his marriage with a tweet, in which he publicly describes the brunette beauty as his “love”. Posting an image of his model partner, the German sportsman captioned…
By Jabeen Waheed For Mailonline Published: 18:28 +10:00, 25 June 2017 | Updated: 20:08 +10:00, 25 June 2017 e-mail 51 View comments Boris Becker is reportedly splitting from his wife Lilly – a move which could potentially add to his financial woes. The three time Wimbledon tennis champion – who has been declared bankrupt over…
Within a year of the National Company Law Tribunal (NCLT) starting operations from June 2016, a total of 81 companies which had taken loans to the tune of Rs 14,260 crore have pleaded with the body seeking permission to be declared bankrupt under the Insolvency and Bankruptcy Code 2016. According to the NCLT, 81 cases…
By: ENS Economic Bureau | Mumbai | Published:June 24, 2017 2:03 am On Thursday, banks had decided to take Bhushan Steel, Essar Steel and Electrosteel Steels to NCLT for insolvency proceedings. Lenders, led by Punjab National Bank, on Friday decided to initiate proceedings against Bhushan Power & Steel under the Insolvency and Bankruptcy Code. Banks…
London: Former German tennis star Boris Becker has been declared bankrupt by a court in London after failing to pay a “substantial” long-standing debt since 2015. Laywers for the the three-time Wimbledon champion pleaded with a Bankruptcy Court registrar today to allow Becker a “last chance” to pay off the debt. But Registrar Christine Derrett,…