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Tag Archives: Insolvency and Bankruptcy Code

Fate of 12 large borrowers to be decided soon

Although the Reserve Bank has not made public the list of 12 companies that have accumulated huge loans of Rs two lakh crores from public sector and private banks, Indianmanadarins has learnt that some big names from the steel and infrastructure sectors dominate the list. These companies have been identified…

Bank’s debt recovery bill referred to JPC

Finance Minister Arun Jaitley introduced the Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Bill, 2016 in the Lok Sabha on Wednesday. The Bill has been referred to a Joint Committee of Parliament. The Committee will consist of 30 members – 20 from the Lok…

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