Registration norms for insolvency professionals get a makeover

Registration norms for insolvency professionals get a makeover

NEW DELHI, India MARCH 30 The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC). Insolvency resolution professionals determine the life and death of a company in the insolvency […]

US court grants interim stay on debt collection against Firestar Diamond Nirav Modi

US court grants interim stay on debt collection against Firestar Diamond Nirav Modi

A US court today passed an interim order that prevents creditors from collecting debt from Nirav Modi-owned Firestar Diamond Inc which early this week filed for bankruptcy. Modi, who is being investigated for illegal transfer of over Rs 12,000 crore from Punjab National Bank, has a majority stake in Firestar Diamond and its other sister […]

I-T officials question PNB’s top brass on Nirav Modi scam

I-T officials question PNB’s top brass on Nirav Modi scam

The top brass of the scam-hit Punjab National Bank (PNB) were questioned at the bank’s head office by Income Tax sleuths pursuing the ₹11,400-crore Nirav Modi scam. Senior income tax officials quizzed PNB’s Managing Director Sunil Mehta and the Executive Directors at the bank’s swank new head office at Dwarka on Tuesday, sources close to […]

India-Germany plan for a startup-exchange programme

India-Germany plan for a startup-exchange programme

It might soon get easier for Indian startups to get access to investors from Germany, thanks to an agreement that both the Indian and German governments are planning to sign for a startup exchange programme. Nirmala Sitharaman, Minister of State for the Ministry of Commerce & Industry, recently met Germany’s Economic Affairs Minister Brigitte Zypries […]

Complete list of Narendra Modi’s ministers and their portfolios

Rashtrapati Bhavan released communique on list of ministers and their portfolios: The President of India, Pranab Mukherjee as advised by the Prime Minister, Narendra Modi, has directed the allocation of portfolios among the following members of the Union Council of Ministers: According to a press communique released by Rashtrapati Bhavan on Tuesday, the allocation of […]