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Companies pay up Rs 1.1 lakh crore fe...

Chalanachithram.com DB » New TF Industry Related » Archive through October 03, 2018 » Companies pay up Rs 1.1 lakh crore fear of insolvency action « Previous Next »
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Sp1234
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Username: Sp1234

Post Number: 9956
Registered: 11-2014
Posted From: 73.193.10.9

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Posted on Tuesday, October 02, 2018 - 09:33 pm:       

1.1 lakh cr recovery? 10 paisa return on rupee? Entha mandini bokka lo vesaaru inthintha fraud and misuse ki? Or is govt bailing out business men with this excercise?
 

Teluguhero
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Username: Teluguhero

Post Number: 2888
Registered: 04-2008
Posted From: 76.106.197.158

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Posted on Tuesday, October 02, 2018 - 03:16 pm:       


Tintin:

Fake news.. min. knowledge lekunda ananaka sites content ni copy paste chestaru..




LOL so National Company Law Tribunal (NCLT) is also fake ?


Teluguhero:

The Insolvency and Bankruptcy Code (IBC) has proved to be a game changer for the Indian banks. So far, National Company Law Tribunal (NCLT) has admitted 977 cases where the lenders or the operational creditors filed insolvency action against the defaulters, says a report. The fear of strict action among the defaulters has led to the recovery of 1.1 lakh crore in this fiscal year.


 

Tintin
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Username: Tintin

Post Number: 794
Registered: 01-2018
Posted From: 1.186.105.152

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Posted on Tuesday, October 02, 2018 - 01:30 pm:       

Fake news.. min. knowledge lekunda ananaka sites content ni copy paste chestaru..
Potti potatato gadu cheppinattu fake/real chusukokunda viral cheyyatame veella pani la undi
 

Last_avataar
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Username: Last_avataar

Post Number: 10781
Registered: 09-2012
Posted From: 139.71.144.2

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Posted on Tuesday, October 02, 2018 - 01:26 pm:       


Teluguhero:




when real tangible benefits happen because of policies, people do feel their fruits.

Balavantam ga pracharam chesukovalasina avasaram ledu

1 lakh crores mis appropriation from countries Exchequer. Innumerable bank frauds. He had no vision and control about India for next decade

He is definitely befitting his business allies to fund himself for next term
 

Mahi_chiru
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Username: Mahi_chiru

Post Number: 615
Registered: 05-2008
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Posted on Tuesday, October 02, 2018 - 01:24 pm:       

bedi
 

Teluguhero
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Username: Teluguhero

Post Number: 2887
Registered: 04-2008
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Posted on Tuesday, October 02, 2018 - 01:02 pm:       


Last_avataar:

so creating this news




LOL

Insolvency and Bankruptcy Code, 2016

https://en.wikipedia.org/wiki/Insolvency_and_Bankruptcy_Code ,_2016
 

Last_avataar
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Username: Last_avataar

Post Number: 10780
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Posted on Tuesday, October 02, 2018 - 12:36 pm:       

BEEDI GADIKI cheooukovatani emi ledu

so creating this news

 

Teluguhero
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Username: Teluguhero

Post Number: 2886
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Posted on Tuesday, October 02, 2018 - 12:20 pm:       


One:




Cbn meet and greet 4000 or 1000 which number is correct LOL
 

One
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Post Number: 19198
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Posted on Tuesday, October 02, 2018 - 10:31 am:       


#FUCKJAGAN
 

Teluguhero
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Username: Teluguhero

Post Number: 2884
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Posted on Tuesday, October 02, 2018 - 10:25 am:       

https://www.opindia.com/2018/10/fearing-action-through-insol vency-and-bankruptcy-code-defaulters-pay-up-rs-1-1-lakh-cror es/

Fearing action through Insolvency and Bankruptcy Code, defaulters pay up Rs 1.1 lakh crores


The Insolvency and Bankruptcy Code (IBC) has proved to be a game changer for the Indian banks. So far, National Company Law Tribunal (NCLT) has admitted 977 cases where the lenders or the operational creditors filed insolvency action against the defaulters, says a report. The fear of strict action among the defaulters has led to the recovery of 1.1 lakh crore in this fiscal year.

This is another development after the telling letter of RBI Governor Raghuram Rajan to the parliamentary committee. In the letter, Rajan pointed at UPA functioning between 2006-08 and asserted that it was that functioning that led to increased NPAs in the banking sector.

He stressed on how it was common for the aides of politicians to call the banks and prompt the authorities to offer loans to their favoured corporates or groups, liable for a straight case a quid pro quo. The enactment of IBC has sufficed both to clear the dues and bring liquidation. The Insolvency and Bankruptcy Board of India (IBBI) report states, NCLT admitted 977 cases out of which 92 are closed on review, 34 closed by resolution and 136 closed via liquidation. IBBI released data showed that the 42% of the cases missed the 180 period deadlines. The law allowed another 90-day extension for their resolution.

Finance minister Arun Jaitley called it a success of IBC, as they aimed at recovering 1.8 lakh crore this fiscal year. The amount sums up to two and a half times the recovery in the fiscal year 2017-18, loosing up the accumulated NPA.

The government had earlier accredited the Insolvency and Bankruptcy Code in helping to recover about half of the NPAs left behind by UPA government. Prior to 2014, strategic debt restructuring schemes like 5/25 and S4A allowed UPA to obscure NPAs, bearing severely on the Public Sector Banks. The Era preceded had worsened the situation due to lack of any systematic loan-making programme.

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