News digest: Toxic asset auctions, Paradise Papers, Auto sales, and more

Govt recently issued an ordinance to debar wilful defaulters, those with one year or more NPA, from bidding

Resale curbs likely in toxic asset auctions

The government is in discussions as to whether it should put in reasonable restrictions for a limited period of time on the successful bidder of a distressed asset so that it cannot transfer or sell the shares of the company back to its promoters or their related parties, holding companies, subsidiaries and associate companies. Read more

Paradise Papers: Task force asks tax dept to send notices to 714 persons

The multi-agency group (MAG), set up by the government a day