E-PaperDebt Recovery Tribunals News
Banks recover ₹40,400 crore from defaulters: RBI report
The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code, SARFAESI Act, debt recovery tribunals and Lok Adalats
2 min read30 Dec 2018First test of India’s new bankruptcy law offers cautionary tale
In January, Innoventive Industries was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve $150 bn bad debt overhang
4 min read11 Jul 2017Over 8,100 wilful defaulters owe banks over Rs76,600 crore: Arun Jaitley
Finance minister Arun Jaitley informed Rajya Sabha the bill relating to debt recovery aims at empowering banks to take more effective steps in dealing with default situations
1 min read19 Jul 2016Debt recovery tribunals’ overhaul on the cards to tackle pendency
Digitising the system, adequate staffing, presence in every district are among the proposed measures
2 min read24 Dec 2015Plan to computerize debt recovery tribunals put on hold
The finance ministry is reconsidering the move, given the high cost of computerizing these tribunals
2 min read28 Jul 2013Tribunal sees sharp rise in debt recovery cases amid slowdown
Tribunal sees sharp rise in debt recovery cases amid slowdown
3 min read27 Mar 2012Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared