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The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt plans to have more National Company Law Tribunal benches

A case is admitted for resolution under the Code only after approval from the NCLT.

4 April 2018 2:33 PM

Injeti Srinivas said on Wednesday that the amendments, as and when implemented, would be prospective in nature.

Changes to insolvency law to be prospective: MCA official

The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).

4 April 2018 9:27 AM

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls raising Rs 1 lakh default threshold for invoking IBC:...

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti...

14 Oct 2019 4:48 PM

Injeti Srinivas said on Wednesday that the amendments, as and when implemented, would be prospective in nature.

Over 12,000 cases filed since implementation of insolvency law, says...

Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to...

26 March 2019 7:12 AM

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Imminent crisis in NBFC sector: Corporate Affairs Secy

The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.

12 May 2019 11:39 AM

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt plans loan waiver for 'small distressed borrowers' under...

The proposed waiver would be offered as part of 'Fresh Start' provisions under the Insolvency and Bankruptcy Code.

18 Aug 2019 8:47 AM

A few decades ago, the insurers followed the most basic and traditional way to incorporate processes into their domain. (Photo: Pixabay)

Govt-constituted panel suggests making CSR non-compliance civil...

Companies having CSR prescribed amount below Rs 50 lakh can be exempted from the need of constituting a CSR committee,...

13 Aug 2019 2:54 PM

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

CSR no more an act of magnanimity; no intention to criminalise any...

It is more of a drafting issue and not imposition of an additional penal provision, said Corp Affairs Secy Injeti...

8 Aug 2019 1:11 PM

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt ready to make more changes, if necessary, to insolvency law

Corporate Affairs Secretary Injeti Srinivas also sought to dispel certain "myths" regarding the law.

3 Aug 2018 7:13 AM