Finance Minister Arun Jaitley today assured debt-laden companies that the objective of the new insolvency law is not to banish them but to save them while ensuring that "debts are serviced".
"The.. Deccan Herald
The 12 accounts were- Essar Steel, Bhushan Steel, Electrosteel Steels, Amtek Auto, Bhusan Power and Steel, Alok Industries, Monnet Ispat and Lanco Infra, Era Infra, Jaypee Infratech, ABG Shipyard and.. IndiaTimes Also reported by •DNA
A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was today introduced in the Lok Sabha by Finance Minister Arun Jaitley.
The Banking Regulation.. Deccan Herald
The National Company Law Tribunal (NCLT) today allowed Essar Steel to file objections to petitions moved by the State Bank of India (SBI) and the Standard Chartered Bank (SCB) to initiate insolvency.. DNA
The Gujarat High Court on Monday dismissed Essar Steel's writ petition challenging the insolvency proceedings brought against it by a consortium of banks on RBI directives.
The RBI directed the.. Deccan Herald
-*DIG Roopa, who exposed VVIP treatment to Sasikala, transferred*-
Less than a week after Bengaluru's Deputy Inspector General (Prisons) Roopa D Moudgil alleged special treatment in jail to AIADMK.. DNA
The ruling is a boost to the government, which in May tweaked Indian banking laws to empower the Reserve Bank of India (RBI) to tackle the country's bad debt issue, allowing the RBI for the first time.. IndiaTimes Also reported by •Reuters India •Sify