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1.74 lakh flats completely stalled in 7 cities; NCR's share at 66%, MMR 24%: Anarock report

1.74 lakh flats completely stalled in 7 cities; NCR's share at 66%, MMR 24%: Anarock report
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Pune , Maharashtra , India , Kolkata , West-bengal , Mumbai , Hyderabad , Andhra-pradesh , Bengaluru , Karnataka , Chennai , Tamil-nadu

5 Years of IBC: Insolvency law has helped improve recoveries, but delays disappoint

Synopsis
This May, the Insolvency and Bankruptcy Code (IBC) completed five years since it was passed by Parliament. It was a law envisaged to give a quicker, time-bound alternative for recovery of bad loans for banks.
Agencies
This May, the Insolvency and Bankruptcy Code (IBC) completed five years since it was passed by Parliament. It was a law envisaged to give a quicker, time-bound alternative for recovery of bad loans for banks. Since its implementation, it has no doubt given an effective tool to recover loans but has not been able to live up to the expectations of a time-bound recovery. Following are the key numbers from the IBC journey so far.

Lok-adalats , Jaypee-infratech , United-liberty-group , Bankruptcy-code , Debt-recovery-tribunals , Infra-engineering , Kingdom-based-liberty-group , Deccan-value-investors , ஜெய்பீ-இன்ப்றதேச் , ஒன்றுபட்டது-சுதந்திரம்-குழு , திவால்நிலை-குறியீடு

India's Fallen Billionaires

India's Fallen Billionaires
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Baroda , Gujarat , India , Uttam , Kyonggi-do , South-korea , Yamuna , India-general- , Japan , Tehri , Uttaranchal , Dubai

bad bank: Lenders set up bad bank for loans in default

Synopsis
In May, banks decided to appoint Padmakumar M Nair, chief general manager in charge of stressed assets in SBI, as the MD of the NARC. According to RBI norms, an ARC should have minimum net-owned funds of not less than 15% of the total financial assets that it plans to acquire on an aggregate basis or Rs 100 crore.
Agencies
(This story originally appeared in
on Jul 13, 2021)Public sector lenders led by Canara Bank have officially formed the bad bank — the National Asset Reconstruction Company (NARC). Their next step now is to obtain approval from the Reserve Bank of India (RBI) to function as an ARC.

India , Canara , Karnataka , Padmakumarm-nair , Videocon-oil-ventures-rs , National-asset-reconstruction-company , Canara-bank , Reserve-bank , Videocon-oil-ventures , Amtek-auto , Reliance-naval , Jaypee-infratech

Jaypee Infra insolvency Case: IRP Anuj Jain files Suraksha group's resolution plan with NCLT

Jaypee Infra insolvency Case: IRP Anuj Jain files Suraksha group's resolution plan with NCLT
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.

New-delhi , Delhi , India , Lakshadweep , Noida-uttar-pradesh , Anuj-jain , Honble-national-company-law-tribunal , Committee-of-creditors-co , Pvt-ltd-suraksha , National-company-law-appellate-tribunal , Suraksha-realty , Supreme-court

Jaypee Infra insolvency: IRP Anuj Jain files Suraksha group's resolution plan with NCLT

Jaypee Infra insolvency: IRP Anuj Jain files Suraksha group's resolution plan with NCLT
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

New-delhi , Delhi , India , Lakshadweep , Noida-uttar-pradesh , Anuj-jain , Honble-national-company-law-tribunal , Jaypee-infratech-ltd , Committee-of-creditors-co , Pvt-ltd-suraksha , National-company-law-appellate-tribunal , Suraksha-realty

Jaypee insolvency: IRP files Suraksha group's resolution plan with NCLT

Jaypee insolvency: IRP files Suraksha group's resolution plan with NCLT
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

New-delhi , Delhi , India , Lakshadweep , Noida-uttar-pradesh , Anuj-jain , Honble-national-company-law-tribunal , Jaypee-infratech-ltd , Committee-of-creditors-co , Pvt-ltd-suraksha , National-company-law-appellate-tribunal , Suraksha-realty

UP govt trying to resolve issues of stalled projects in Noida, Greater Noida: State infra minister

UP govt trying to resolve issues of stalled projects in Noida, Greater Noida: State infra minister
indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.

Uttar-pradesh , India , Bundelkhand , Madhya-pradesh , Amethi , Ghazipur , Azamgarh , Sanjiv-kumar-mittal , Satish-mahana , Jaypee-infratech , Industrial-development , Suraksha-group

Trying to resolve stalled hsg project issue in Noida, Gr Noida: UP minister

Trying to resolve stalled hsg project issue in Noida, Gr Noida: UP minister
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Lucknow , Uttar-pradesh , India , Meerut , Ghazipur , Hardoi , Rae-bareli , Amroha , Sambhal , Unnao , Hapur , Pratapgarh

Suraksha group may have to cross legal hurdles to take control of Jaypee

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Mumbai , Maharashtra , India , Jaypee-infratech , Visa , Standard-premium-digital , Seamless-sign-up , Business-standard-digital , Debit-cards , Net-banking , Payment-wallets , Business-standard