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Top News In கட்டமைப்பு பொறியியல் ஆய்வகம் Today - Breaking & Trending Today

Cyprus, Israel agree on framework to resolve...

© FamagustaGazette 2021
Israel and Cyprus on Tuesday reached an understanding over gas reserves straddling their maritime border in a development hailed as a breakthrough by Israeli Energy Minister Yuval Steinitz, the local media reports.
Cyprus Minister of Energy Natasa Pilides said she and Steinitz, during his brief visit to Cyprus, had agreed upon a framework to resolve the issue, and guidelines would be passed on to the companies involved in the project, the newspaper said.
The agreement caps nine years of negotiations between the two sides on production sharing at a gas field, which straddles the marine Exclusive. ....

Yuval Steinitz , Israeli Energy , Energy Natasa Pilides , Israeli Energy Minister Yuval Steinitz , இஸ்ரேலி ஆற்றல் ,

Welcome To IANS Live - BUSINESS - RBI takes out IDBI Bank from PCA framework

In a statement on Wednesday, the central bank said that the performance of IDBI Bank was reviewed by the Board for Financial Supervision (BFS) of RBI in its meeting held on February 18, 2021. It w ....

News Service , India Private , Reserve Bank , Prompt Corrective Action , All Rights , செய்தி சேவை , இந்தியா ப்ரைவேட் , இருப்பு வங்கி , ப்ராஂப்ட் திருத்தம் நடவடிக்கை , அனைத்தும் உரிமைகள் ,

Welcome To IANS Live - BUSINESS - Over 1,100 firms ordered for liquidation till Dec 2020

Citing data from the Insolvency and Bankruptcy Board of India (IBBI), the Minister of State for Corporate Affairs, Anurag Thakur told the Lok Sabha that a total of 1,126 companies have been ordered for liquidation as of December 31, 2020.Furt ....

New Delhi , News Service , India Private , Bankruptcy Code , All Rights , புதியது டெல்ஹி , செய்தி சேவை , இந்தியா ப்ரைவேட் , திவால்நிலை குறியீடு , அனைத்தும் உரிமைகள் , சர்வதேச பரவல் ,

Welcome To IANS Live - LatestNews - Over 1,100 firms ordered for liquidation till Dec 2020

Citing data from the Insolvency and Bankruptcy Board of India (IBBI), the Minister of State for Corporate Affairs, Anurag Thakur told the Lok Sabha that a total of 1,126 companies have been ordered for liquidation as of December 31, 2020.Furt ....

New Delhi , News Service , India Private , Bankruptcy Code , All Rights , புதியது டெல்ஹி , செய்தி சேவை , இந்தியா ப்ரைவேட் , திவால்நிலை குறியீடு , அனைத்தும் உரிமைகள் , சர்வதேச பரவல் ,

[EXCL] Government likely to finalise a Pre-Pack framework of resolution for MSMEs under IBC by this week

A pre-packaged resolution through a corporate rescue is a famous legal framework in the US, UK and Canada. It is striking a balance to safeguard the interests and opinion of creditors and to maintain the business and assets of debtors. We have feedback coming in from certain stakeholders that the plan may likely not be viable in India because of certain challenges. We are still deliberating on this and will amend certain terms to make it beneficial for both creditors and debtors. sources told ET NOW.
There are numerable challenges to pre-packs in India. Since the resolution plan under a set up like pre-pack is not final, the further scope of negotiation could add a burden to the process. NCLT could reject the plan, and reopen the pre-pack thus leading to a long time taking process. Since pre-packs are worked out directly between creditors and debtors, the absence of an IRP could also lead to criticism towards this framework. With fewer powers, and no point of ownership, cr ....

United Kingdom , Photo Credit , Pre Pack , ஒன்றுபட்டது கிஂக்டம் , புகைப்படம் கடன் , பிரே ப்யாக் ,