22
Wednesday
May 2019
2:05 AM IST
News Headlines
Hyundai Archery World Cup final to be held in Russia        Mohammad Amir, Wahab Riaz named in Pakistan''s World Cup squad        Uber partners with ICC for Men''s cricket World Cup 2019        Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise        Lanka govt appeals to parents to send their children to school without fear        US delays implementation of Huawei trade ban by 90 days : Commerce Dept.        Swaraj to attend SCO foreign ministers meet in Bishkek from Tuesday        International calls diversion racket held in Telangana        Welcome decision to sack me as UP minister: Rajbhar        China "regrets" Security Council''s rejection of Russian-requested meeting on Ukraine        LS polls come to close; over 64 pc voting recorded in last phase        PM performs puja at Kedarnath after meditating for 17 hrs, will also visit Badrinath        Modi govt set to return to power, Exit polls predict        Exit polls gossip, don''t trust them: Mamata        S. Arabia calls GCC, Arab League meetings        Blast near tourist bus injures at least 17 in Egypt        Bravo, Pollard named in W Indies reserve players list for World Cup 2019        Opposition unity: Naidu meets Akhilesh, Mayawati over opposition unity post LS polls        I could be assassinated like Indira Gandhi, BJP after my life: Kejriwal        LS polls candidate attacked in Kerala        
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Business News
SC quashes RBI circular on insolvency issued last year
 
New Delhi: The Supreme Court Tuesday quashed the RBI circular of last year that pertains to the provisions for declaring a company bankrupt even on a one-day overdue.

The bench headed by Justice R F Nariman said: "We have declared the RBI circular ultra vires."

Reserve Bank of India's (RBI) had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.

It said that if a resolution was not found by August 27, Non Performing Asset (NPA) accounts should be sent to bankruptcy courts.

However, during the pendency of the matter, the apex court on September 11 last year asked banks to maintain status quo and not to initiate insolvency proceedings against loan defaulting companies.


Uber partners with ICC for Men''s cricket World Cup 2019
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
HCL Tech profit stands at Rs 2,568 cr in Q4
Now Bharat Fibre service reaches Andaman Nicobar Islands
Moscow calls on all countries to keep buying Iranian Oil : Foreign ministry
Rupee drops 28 paise against dollar as US-China trade tension escalates
RBI warns Finance panel of more fiscal slippages for states
rabhu seeks report on allocation of Jet Airways slots to other airlines
KERALA NEWS
LS polls candidate attacked in Kerala
 Kannur: Independent candidate from Vadakara Lok Sabha constituency and former CPI(M) local leader CO  
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
Elephant to undergo medical test for Thrissur 'pooram'
INTERNATIONAL NEWS
Lanka govt appeals to parents to send their children to school without fear
 Colombo, May 20 (PTI) Sri Lankan government on Monday appealed to all parents to send their children
US delays implementation of Huawei trade ban by 90 days : Commerce Dept.
S. Arabia calls GCC, Arab League meetings
Blast near tourist bus injures at least 17 in Egypt
NATIONAL NEWS
Swaraj to attend SCO foreign ministers meet in Bishkek from Tuesday
 New Delhi, May 20 (PTI) External Affairs Minister Sushma Swaraj will attend a two-day meeting of the
International calls diversion racket held in Telangana
Welcome decision to sack me as UP minister: Rajbhar
LS polls come to close; over 64 pc voting recorded in last phase
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