New group insolvency framework in the works The report also said that insolvency proceedings of companies which are not categorised as holding, subsidiary or associate but are intrinsically linked with other companies undergoing insolvency be similarly consolidated A working group under the insolvency regulator has recommended a group insolvency framework to allow for consolidated insolvency […]
Financial goals are changing: Do you really know the future expenses you need to save for? Newer expenses and goals call for a new plan to avoid the risk of overspending and debt trap. it will be remembered as the decade when the Indian middle class threw caution to the winds and turned aspirational with […]
Home loans likely to get cheaper from this week As banks shift to a new system borrower could be paying less on their mortgages Borrowers could be paying less on their mortgages as banks shift to a new system of linking such loans this week to benchmarks prescribed by the central bank. That may result […]
RBI increases withdrawal limit from Rs 1,000 to Rs 10,000 for PMC Bank customers The central bank has hiked withdrawal limit to Rs 10,000 from Rs 1,000. In a relief for Punjab & Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India today increased the withdrawal limit from Rs 1,000 to Rs 10,000. “Other […]
NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings A three member NCLAT bench said that the Dutch administrator would be part of the CoC meeting and would be given minutes of the meetings. The National Company Law Appellate Tribunal (NCLAT) has allowed the Dutch court administrator of Jet Airways to attend the […]
