Govt in damage control mode after SC verdict, Sec 35 may be invoked
Bruised by the Supreme Court’s verdict on the Reserve Bank of India’s (RBI’s) February 12, 2018, circular on resolving bad debt, the government is planning to authorise the central bank to refer companies to the Insolvency and Bankruptcy Code (IBC) on a case-by-case basis. Read on...
IL&FS financial arm's GNPAs touch 90% in Dec against 5% in Mar 2018: Board
The Infrastructure Leasing & Financial Services (IL&FS) board on Wednesday presented a status report on the group’s financials and the asset monetisation plan, six months after the government-appointed