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NCLT member crunch slows down bankruptcy resolution

New Delhi, Dec. 6 -- A 30% shortage of key members at India's bankruptcy courts is slowing the process of debt resolution, according to official data. Twenty-two businesses have found debt resolution... Read More


Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials

New Delhi, Dec. 5 -- Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they... Read More


E-auction of sick business assets on dedicated platform may become compulsory

New Delhi, Dec. 4 -- Auction of assets like land, buildings, plant and machinery belonging to businesses getting liquidated is likely to see a wider public participation, with the Insolvency and Bankr... Read More


GST rate hike reports premature and speculative: CBIC

New Delhi, Dec. 3 -- The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday said reports of a ministerial panel's recommendations on Goods and Services Tax (GST) rate changes on certain ite... Read More


Jump in retail investors raises stakes for corporate governance: NFRA's Pandey

New Delhi, Nov. 29 -- The substantial increase in household interest in the equity market has made corporate governance extremely important, as any corporate scandal could affect a larger number of ho... Read More


Petroleum ministry seeks GST on natural gas

New Delhi, Nov. 29 -- The petroleum and natural gas ministry has recommended the inclusion of natural gas in the goods and services tax (GST) framework to the finance ministry, an official aware of th... Read More


Mediation to take centre stage in debt resolution

New Delhi, Nov. 28 -- India's bankruptcy regulator and the central government will consider making mediation mandatory between defaulting companies and their creditors before moving proceedings into b... Read More


Bankruptcy board keen on creditors trying out mediation first

New Delhi, Nov. 28 -- India's bankruptcy regulator and the central government will consider making mediation mandatory between defaulting companies and their creditors before moving proceedings into b... Read More


IBBI keen on creditors trying out mediation first

New Delhi, Nov. 28 -- India's bankruptcy regulator and the central government will consider making mediation mandatory between defaulting companies and their creditors before moving proceedings into b... Read More


Petroleum ministry recommends GST on natural gas

New Delhi, Nov. 28 -- The petroleum and natural gas ministry has recommended the inclusion of natural gas in the goods and services tax (GST) framework to the finance ministry, an official aware of th... Read More