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Synopsis
Can the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector?
As the pandemic brought large-scale miseries to businesses, the already beleaguered Indian MSME sector went into an overdrive to seek help from every possible source.
The government through various means also tried to help this critical sector. Notably, in August last year, the Reserve Bank of India (RBI), as an interim relief measure, came out with a one-time restructuring (OTR) scheme for stressed firms. Under this, borrowers with loans that
BY
Updated Mar 04, 2021 | 19:12 IST
Jet Airways matter was admitted by the NCLT in June 2019, and the CoC has met 16 times since then Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots
Mumbai: The winning bidder for the now-defunct Jet Airways will have to apply for slots as there cannot be any deemed approval for the slots, according to submissions by the civil aviation ministry and regulator DGCA. The Ministry of Civil Aviation (MoCA) and DGCA mentioned their stance to the National Company Law Tribunal (NCLT), which had on February 25 sought their responses to Jet Airways slots issue.
Cheque-bounce cases can t be filed or continued against firms facing IBC proceedings, says SC
The top court did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories of cheques of such firms, saying criminal cases would continue against natural persons
PTI | March 2, 2021 | Updated 08:10 IST
The Supreme Court Monday held the cheque bounce cases can neither be instituted nor be continued against companies which are facing insolvency proceedings and are protected under a provision of Insolvency and Bankruptcy Code (IBC) putting a moratorium on legal proceedings against them.
The top court, however, did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories of cheques of such firms, saying criminal cases would continue against natural persons .
Not Suit-Boot, But Gandhi Topi Has Done Damage To India; Time To Stop Demonising Business
by R Jagannathan - Mar 1, 2021 06:00 AM
Rahul Gandhi. (Qamar Sibtain/India Today Group/Getty Images)
Snapshot
The burden of proof to show that dishonest businesses are behind this government is on the opposition.
It is time they stopped weakening Indian business confidence just when it is about to come good after being tested in the Covid
agnipariksha.
The discovery of an explosives-laden vehicle near the home of Mukesh Ambani in Mumbai should bring some sanity to the mindless demonisation of big business in India. If freelance or small-time terror outfits â a Jaish-ul-Hind has claimed responsibility for the bomb threat â can now act with impunity, it shows how far the demonisation has gone.