Govt won’t waive off corporate loans despite staggering NPAs of public sector banks – Firstpost

New Delhi: The government has no plans to waive off corporate loans and banks while banks have advised to either resolve their issue of non-performing assets (NPAs), or stressed loans speedily, or start insolvency proceedings in this regard, Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister of State for…

No plans to waive corporate loans; banks should resolve stressed accounts or start insolvency proceedings: Govt – The Indian Express

By: PTI | New Delhi | Published: December 29, 2017 5:26 pm Shiv Pratap Shukla was replying to a question if the government has taken note on nation-wide strike by bank employees against various moves, including increase in bank charges, merger of banks and waiver of corporate loans. Related News The government on Friday said…

Canara Bank at NCLT door, seeks Transstroy liquidation – Times of India

HYDERABAD:Canara Bank on Friday filed a petition before National Company Law Tribunal (NCLT), Hyderabad, urging it to declare M/s Transstroy (India) Ltd as bankrupt and initiate corporate insolvency process against the construction company. This bank’s decision is likely to have several ramifications as Transstroy is the main contractor currently entrusted with the task of constructing…

Finance Minister Arun Jaitley introduces bill to amend IBC in Lok Sabha – Economic Times

The government on Thursday introduced a bill in the Lok Sabha to bar those with non-performing accounts from bidding to acquire insolvent companies or their assets. The Insolvency and Bankruptcy Code (Amendment) Bill, 2017 will replace an ordinance promulgated last month, which barred those with RBI recognised non-performing loan of at least a year from…