Insolvency and Bankruptcy Code Archives

In the last five years, Singh said the time taken for voluntary exit under Section 248(2) of the Companies Act, 2013 has varied between an average of 6-8 months to even 12-18 months in some cases

Commerce

Govt says over 1.06 lakh companies voluntarily exited in last five...

Team PGurus - December 4, 2023 1

1,06,561 Cos voluntarily exited in last five years; 1,168 companies seek voluntary liquidation under IBC: Govt More than 1 lakh firms voluntarily exited under the companies...

The regulator said parallel proceedings are pending before various courts and court-appointed committees in 77 cases involving Rs.70,482.62 crore, or 69 percent of the total amount

Finance

SEBI categorizes dues worth Rs.73,287 crore as ‘difficult to recover’

Team PGurus - August 8, 2023 0

Here's what SEBI's annual report for 2022-23 says about dues India’s stock exchanges regulator SEBI has segregated dues to the tune of Rs.73,287 crore under...

RP has filed an application with the NCLT seeking cooperation from promoters and erstwhile management of the company, for providing various data

Business

Review audit of Videocon hints at questionable accounting entries by promoters...

Team PGurus - June 10, 2023 0

Audit hints at questionable accounting entries by Videocon promoters A review audit of debt-ridden Videocon Industries has indicated that there may be certain "questionable accounting...

Presenting the figures of the last five years in Parliament, Sitharaman has told that the loans stuck in the banks for the last five years have been transferred to the write-off account as per the RBI guidelines

Finance

Indian Banks wrote off loans amounting to Rs.10.09 lakh crores in...

Team PGurus - December 20, 2022 1

SBI wrote off the highest amount of bad loans in 2021-22 India’s banks have written off loans amounting to over Rs.10.09 lakh crore in the...

The decision to supersede Reliance Capital Board was taken as the company defaulted on various payment obligations to its creditors

Business

Reserve Bank of India supersedes debt-ridden Anil Ambani’s Reliance Capital Board....

Team PGurus - November 29, 2021 1

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency Reserve Bank of India (RBI) on Monday superseded the board of debt-ridden industrialist...

No straight deposit into an individual's account in this phase. Sunil Jain thinks that there will be more stimulus packages in the future. The silver lining that will allow India to make a giant leap forwards is discussed.

Videos

Sunil Jain dissects the 21 lakh crore package and who is...

Sahil Mishra - May 19, 2020 0

As FM P Chidambaram exploited the 2008 Financial crisis to the hilt in dispensing huge loans with large kickbacks

Banking

Sky-rocketing NPAs since FY2008: Role of P Chidambaram

Team PGurus - April 28, 2020 16

Why are NPAs Skyrocketing? Yes, the Modi government has been in power for six years. Yes, the Non-Performing Assets (NPA) of several Public Sector Banks...