Videocon Industries loses Rs 6,760 crore

Videocon is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code and since September its affairs, business and assets are being managed by resolution professional Abhijit Guhathakurta. Continue Reading

Big news for small borrowers: Govt to roll out universal debt relief schemeĀ 

The Ministry of Corporate Affairs (MCA) of the Indian government is working on a universal debt relief scheme for small borrowers. It is aimed to help small farmers, artisans, and micro enterprises to start and build businesses without the worry of falling under personal debt by making changes in the Insolvency and Bankruptcy Code (IBC). Continue Reading

Wrong policies of BJP govt broke back of companies: Chidambaram

The Supreme Court Tuesday quashed the RBI’s 18 February 2018 circular which directed banks to move against defaulters under the Insolvency and Bankruptcy Code (IBC) on their failure to pay up within 180 days from 1 March 2018. Continue Reading