The Reserve Bank of India (RBI), on February 12, 2018, came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and … READ FULL STORY
The Reserve Bank of India (RBI), on February 7, 2018, kept the repo rate unchanged at six per cent for the third time in a row, saying that higher government spending would accelerate inflation … READ FULL STORY
Observing that it was concerned about the home buyers who had put their entire life savings, the Supreme Court, on January 31, 2018, asked real estate firm Amrapali to submit a plan on completion … READ FULL STORY
The Supreme Court, on January 10, 2018, directed realtor Jaiprakash Associate Limited (JAL) to give details of its ongoing housing projects in the entire country, while reiterating its direction that its directors shall not … READ FULL STORY
The Supreme Court, on December 15, 2017, granted time till January 25, 2018, to the embattled real estate firm Jaiprakash Associate Limited (JAL), to deposit Rs 125 crores more, for safeguarding the interests of … READ FULL STORY
The President of India has given his assent, on November 23, 2017, to an ordinance to amend the Insolvency and Bankruptcy Code, 2016. The ordinance aims at putting in place safeguards, to prevent unscrupulous … READ FULL STORY
The union cabinet, on November 22, 2017, approved bringing in an ordinance to make ‘some changes’ in the Insolvency and Bankruptcy Code, corporate affairs minister Arun Jaitley said. The Code, which became operational in … READ FULL STORY
The Supreme Court, on November 22, 2017, directed 13 directors, including five promoters of the embattled Jaiprakash Associates Limited (JAL), not to alienate their personal properties and asked the firm to deposit Rs 150 … READ FULL STORY
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on November 13, 2017, asked the directors of Jaiprakash Associates Limited (JAL) to appear before the court on … READ FULL STORY
For all the right reasons, the World Bank’s Doing Business 2018 report was the toast of the country and the markets reacted with positivity. As a country, we should analyse the WB report, not … READ FULL STORY
A Supreme Court bench, headed by chief justice Dipak Misra, on November 6, 2017, refused to allow Jaypee Associates to deposit to Rs 400 crores, saying that the amount was a paltry sum and … READ FULL STORY
The Supreme Court, on October 25, 2017, refused permission to the embattled Jaiprakash Associates Ltd, to hive-off its rights in the multi-crore, six-lane Yamuna Expressway connecting Greater Noida with Agra in Uttar Pradesh. The … READ FULL STORY
The Supreme Court, on October 23, 2017, said it ‘must be clarified’ whether the multi-crore, six-lane Yamuna Expressway, connecting Greater Noida with Agra in Uttar Pradesh, belonged to a Jaypee Group firm, which wanted … READ FULL STORY
