Ordinance puts premium on integrity, promotes clean biz: Finmin

The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.

IBC Ordinance to have no impact on valuation of assets: SBI chief

Nov 23 2017

The Ordinance keeps out those promoters who have willfully defaulted on their debt obligations or are habitually non-compliant.

Govt to come out with ordinance to tighten insolvency law

Nov 22 2017

The govt will soon promulgate an ordinance to amend the Insolvency and Bankruptcy Code, aimed at tightening the current framework of insolvency cases.

ArcelorMittal team visits Essar Steel, Bhushan Steel plants

Nov 22 2017

Eyeing the debt-laden Essar Steel and Bhushan Steel for acquisition, a delegation from global giant ArcelorMittal visited their plants for due diligence.

Pay Rs 275 crore by Dec 31, Supreme Court tells Jaypee

Nov 22 2017

The court directed the Jaypee Associates to deposit Rs 150 crore by December 14 and another Rs 125 crore by December 31.

Banks asked to prevent defaulters from buying stressed assets

Nov 19 2017

The FinMin has asked banks to be vigilant to ensure that wilful defaulters are prevented from buying same stressed assets again, sources said.

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