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Tags : "Insolvency and Bankruptcy Code"

Opposition asks govt for relief to common man on lines

NEW DELHI: Opposition parties Saturday demanded in the Rajya Sabha that the government waive interest on loans to farmers and individuals for the coronavirus pandemic period on the lines of a pause in insolvency proceedings against defaulting corporates. Participating in a debate, K K Ragesh of CPI (M) said Finance Minister Nirmala Sitharaman and other […]Read More

RCom insolvency process to collapse if spectrum is not a

MUMBAI: State Bank of India, representing creditors of Reliance Communications (RCom), has told the Supreme Court that spectrum is an “essential and integral” part of the telco’s assets and the insolvency process would fall apart if the right to use airwaves isn’t allowed to be transferred. Without any spectrum to use, the telco would cease […]Read More

Stimulus on cabinet agenda this week

New Delhi: The cabinet is likely to take up key proposals of the ₹20 lakh crore package, including guarantees for collateral-free loans to small businesses, this week, a senior government official told ET. “A proposal will go to the cabinet this week,” the official said, adding that detailed scheme guidelines will be announced after that. […]Read More