Business Tit Bits RUIAS GO SCOT FREE
In this episode, our finance editor Akhilesh Bhargava talks about DRT's dismissal of SBI’s plea against Ruias in Essar...
Tag : Essar Steel
Editorial With Sujit Nair: Different Rules For Rich Borrowers and Poor Borrowers
The bank loan repayment process for the rich borrower vs poor borrower is different in India. While middle class borrowers get threats, harrassment and humiliation,...
Business Tit-Bits: Are Takeovers, Mere Makeovers?
India has been witnessing a growing number of Corporate Frauds, Corporate Crimes, NPAs, Wilful Defaults etc. One of the methods of resolving these kinds of...
How the Ruias delayed an insolvency process from 270 to 720 days
The key reason for the enactment of the Insolvency & Bankruptcy Code in 2016 was so that resolutions could be brought about in a time...
Are more judges the solution?
The ongoing bitter fued for the takeover of Essar Steel by Arcelor Mittal, through the insolvency proceedings at the NCLT, is a classic case of...
Banks back to square one
by News Desk
At a time when India’s giant bad loan/NPA problem was continuously rising and was defying any resolution, the Insolvency and Bankruptcy Code, (IBC) was ushered...
Why do bankers favour the Sterling Biotech fraudsters?
by News Desk
The murky and criminal case of Sterling Biotech, a so called pharma company, which is not just a huge NPA account, but is a declared...