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NewsInsolvency and Bankruptcy Code 2016

Insolvency and Bankruptcy Code 2016 News

03 Oct 2017

Want to help homebuyers: Supreme Court

It asked Saeed to file an application for impleadment as a party in the pending insolvency proceedings matter.

Jaypee insolvency case

18 Sep 2017

SC allows homebuyers to intervene in Jaypee insolvency matter

The home buyers in their plea had sought a direction to the government and others that this code "shall not curtail the legal statutory and vested rights of the flat owners/ buyers as consumers" defined under Consumer Protection Act.

14 Sep 2017

NPAs to touch 10.5% by March as banks recognise entire stress

The 9.5 percent NPA figure for March 2017 includes only two-thirds of the overall stressed assets.

26 Jun 2017

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.

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