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Bank can’t seek LOC as coercion to recover debt: HC
Delhi High Court says a lookout notice is an infringement of rights as the person does noty have any criminal case against him
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IBC does not shield promoters from legal proceedings: SC
The apex court bench was hearing a plea of homebuyers of Ansal Crown Heights in Faridabad in the National Capital Region
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'Hindujas can't scrap ESOPs for RGIL'
IIHL in its resolution plan for Reliance Capital has sought to extinguish all ESOPs, phantom stocks or similar incentive schemes of Reliance Capital a
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Contribution of IBC in India’s economic development
The IBC has enhanced investor confidence in India's business environment. It has provided a clear and robust framework for investors, both domestic an
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Banks go slow settlement with wilful defaulters
The intention of the banks is to prepare a thorough and fool-proof framework for such deals that might be later taken to courts and scrutinised for ac
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Bank Boards must ok deal with defaulters
Reserve Bank of India has made directors of lending banks accountable for settling with wilful defaulters. This is the first time that the RBI has iss
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Register flats even if builder insolvent
Plagued by the growth in home buyers who cannot get their flats registered because the developer is insolvent, the government is considering whether t
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ADIA, other sovereign funds eye a piece of AB Capital
Aditya Birla Capital looks for investment from ADIA; Reliance Capital lenders for equitable distribution; GQG Partners invests $500m more in Adani cos
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RCap bondholders likely to recover only 50% of investments
Total outstanding bonds are estimated to be around Rs 15,000 crore
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Lenders invoke personal guarantees worth Rs 34,000 crore
In April-June quarter of 2021-22, banks invoked personal guarantees worth Rs 8,437 crore of defaulting promoters by taking action against 56 accounts.
