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Taxman to step aside for banks in bankruptcy waterfall

New Delhi, Feb. 28 -- The taxman will defer to secured creditors such as banks while sharing the proceeds of a bankruptcy rescue, two people aware of the government's plans said. The Centre will amen... Read More


Taxman to defer to secured creditors in IBC rescue

new delhi, Feb. 28 -- The taxman will defer to secured creditors such as banks while sharing the proceeds of a bankruptcy rescue, two people aware of the government's plans said. The Centre will amen... Read More


Mediation Act to yield to IBC on debt resolution matters

New Delhi, Feb. 23 -- The government is likely to shift the process of mediation for debt resolution to the Insolvency and Bankruptcy Code (IBC) so that negotiations between creditors and defaulting b... Read More


Biz bankruptcy filings drop in Dec qtr

New Delhi, Feb. 22 -- Instances of vendors and suppliers arm twisting their clients to try and recover dues using the bankruptcy code as a tool is in sharp decline, showed official data. Information a... Read More


Business bankruptcy filings drop in December qtr

New Delhi, Feb. 22 -- Instances of vendors and suppliers arm twisting their clients to try and recover dues using the bankruptcy code as a tool is in sharp decline, showed official data. Information ... Read More


Yellow peas, ready-to-cook rice remain key ingredients in India's food price battle

New Delhi, Feb. 22 -- As part of its continuing efforts to cool food prices, India has extended duty-free import of yellow peas by a month up to the end of April, and extended the 20% export duty on p... Read More


Bankruptcies triggered by suppliers on a sharp decline

New Delhi, Feb. 21 -- Instances of vendors and suppliers arm twisting their clients to try and recover dues using the bankruptcy code as a tool is in sharp decline, showed official data. Information ... Read More


Bankruptcy cases brought by vendors & suppliers decline, relief for businesses

New Delhi, Feb. 21 -- Instances of vendors and suppliers arm twisting their clients to try and recover dues using the bankruptcy code as a tool is in sharp decline, showed official data. Information ... Read More


CCI rolls out new leniency regime to encourage cartel members to come clean

New Delhi, Feb. 21 -- The Competition Commission of India (CCI) has rolled out a new 'lesser penalty plus' regime, aimed at incentivising individuals and cartels already under scrutiny to provide info... Read More


India cuts import duty on berries, turkey as per deal with US

New Delhi, Feb. 20 -- The Central Board of Indirect Taxes and Customs (CBIC) has lowered customs duty on imported blueberries, cranberries and turkey as was agreed with the US last year to end a trade... Read More