News Update Lender who advanced interest free loans corporate body is also Financial Creditor; can initiative CRIP : SC 30 Jul 2021 The Supreme Court observed that a lender who advanced interest free loans to finance the business operations of a corporate body is a Financial Creditor and competent to initiate the…
News Update Centre informs SC of waiver of compound interest for loans up to Rs. 2 crores 4 Oct 2020 Replying to a plea challenging the interest on interest for loans in a notification dated March 27, the Centre has informed the Supreme Court of its decision to waive compound…
News Update SBI V. ANIL AMBANI: NCLT APPOINTS RESOLUTION PROFESSIONAL 22 Aug 2020 An application to initiate insolvency proceedings against Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, had been filed by the Project Finance Strategic Business Unit of State Bank…
News Update BANK SANCTIONS LOANS TO MESME AND OTHER BUSINESSES 23 Jun 2020 Loan of 79k crore is sanctioned to 19lakh Msme and other businesses, out of which 35k crore has already been disbursed, top lenders are SBI,HDFC bank , Bank of Baroda,…
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