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Experts warn second wave more lethal for businesses too, moot an urgent rescue act
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A health worker uses an oximeter to monitor the pulse and oxygen saturation levels. File
| Photo Credit: NAGARA GOPAL
Experts warn second wave more lethal for businesses too, moot an urgent rescue act
The Goods and Services Tax (GST) Council, meeting this Friday, after a gap of over seven months, should prioritise giving relief on the taxes levied on COVID-19 vaccines and critical medical supplies, and rationalise GST rates to provide relief to sectors that are worst hit by the second wave, according to regulatory experts.
India Business News: Banks can look forward to improved recovery prospects from promoters of defaulting companies who have provided personal guarantees for corporate loans
Shardul Amarchand Mangaldas (SAM) with his team, including partner
Bhargava KS, we have reliably learned.
According to our deals league tables, his clients include a number of funds (the ones that we have reported include ones such as Quona Capital and Indegene).
We have reached out to Nagaraj, Tatva and SAM for comment.
Update 14:10: Shardul Amarchand Mangaldas confirmed in a press release that Nagaraj would be joining as an equity partner, with Mumbai-based co-managing partner Akshay Chudasama commenting: “Manav and his team will undoubtedly add great value to the firm with their expertise.”
Update: Nagaraj added that he hoped to “further develop the Bengaluru market”:
Lenders can recover dues from personal guarantors: Supreme Court indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
No more leeway for personal guarantors post SC verdict
By IANS |
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SC says remarks against top court growing and everybody joining (Photo Courtesy: Twitter). Image Source: IANS News
New Delhi, May 21 : With the Supreme Court on Friday upholding the Centre s notification of November 15, 2019, allowing financial institutions to proceed against individual personal corporate guarantors for recovery of loans of a company under Insolvency and Bankruptcy Code (IBC) proceedings, legal experts say this verdict will go a long way in terms of recovery of dues by the creditors.
DHFL s former promoter Kapil Wadhawan and Bhushan Power & Steel s former owner Sanjay Singal may be among the affected people post the verdict.