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IBC tweak: 'Wilful defaulters' may now seek legal help
Rediff.com

IBC tweak: 'Wilful defaulters' may now seek legal help

Essar group, Bhushan Steel and JSW group likely to be impacted by changes Illustration: Uttam Ghosh/Rediff.com Promoters of the 12 companies that have been referred to the insolvency court will not be able to bid for their companies as the loan accounts have been classified as non-performing assets for over a year, according to the ordinance amending the Insolvency and Bankruptcy Code (IBC).   Prior to the ordinance, the IBC did not specifically disallow these promoters from bidding for ... Rediff.com, 8 hours ago
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New GST rates: Here's what will become cheaper from November 15

The Goods and Sales Tax (GST) council's move to revise rates from November 15 will make a few things cheaper. The council has moved 178 items from the 28% slab to the 18% slab. These GST rates will be kicking in from Wednesday and are expected to bring relief ...
 Sify1 week ago
Rediff.com

PHOTOS: Mumbai rain fury kills 10, city limps back to normalcy

Torrential rains and the subsequent flooding claimed at least 10 lives in Mumbai and the neighbouring districts of Palghar and Thane since Tuesday, police said on Wednesday. IMAGE: A car is seen piled over another, presumably after being drifted by flood-water during Tuesday's heavy downpour, at Shri Krishna Nagar in Borivali, Mumbai on Wednesday.Photograph: PTI Photo While nine persons were washed away in separate incidents in Mumbai and the two adjoining districts, another man lost his life ...
 Rediff.com2 months ago
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