Insolvency Law

From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday

Srinivas said that personal insolvency should be approached carefully and in a planned manner

While the minimum alternate tax (MAT) is payable, the SC order has helped to clarify on the write-back of loan waivers, said a lender

It's helping the industry consolidate with investors keen to acquire assets that were once sound but turned insolvent due to poor financial management

Lenders will have to wait longer for bad loan resolution unless the loopholes are plugged

NCLAT observation came during a case where admission was pending for 10 months

Indian banks are seriously capital-starved and the introduction of global stressed assets funds can only increase the buyers' base

In case, there is an urgent need for issuing or amending regulations, then the consultation process could be done away with

The planned ordinance is also, it appears, to add a separate framework for micro, small and medium sized enterprises

Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced

The report said around 470 cases admitted by the NCLT are at various stages of the insolvency process

People associated with NPAs too cannot bid for their own assets under insolvency law, says ordinance