The challenges facing the Insolvency and Bankruptcy code

Inadequate infrastructure and lack of legal precedent have not only made speedy debt resolution process virtually impossible under the Insolvency and Bankruptcy Code but have also hindered pre-IBC debt deals.

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PNB reports over ₹3,800 cr fraud by Bhushan Power & Steel

Punjab National Bank (PNB) on Saturday informed the exchanges about a fraud of ₹3,805.15 crore in NPA (non-performing asset) account of Bhushan Power

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Budget 2019 mixes continuity with winds of change, says DBS Bank

Budget 2019 mixes continuity with winds of change, says DBS Bank

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NL0xIu

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Budget 2019 mixes continuity with winds of change, says DBS Bank

Budget 2019 mixes continuity with winds of change, says DBS Bank

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NL0xIu

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PNB reports over Rs 3,800 cr fraud by Bhushan Power & Steel Ltd

PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/2YA7Y60

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