[ad_1] MUMBAI: In yet another setback for Byju’s, its foreign lenders have filed a petition to initiate corporate insolvency resolution proceedings against the firm. The petition has been filed with the Bengaluru bench of NCLT, a representative of the lenders confirmed. The failure on part of Byju’s to honour its obligations under the term loan…
[ad_1] World Bank Group chief economist Indermit Gill believes that India needs to boost private investment and create space for the private sector as it will have to use domestic reforms to counter the impact of a global slowdown. Excerpts from an interview with TOI:What does your global outlook mean for India?People expect the economy…
[ad_1] NEW DELHI: Finance Ministry has asked managing directors of public sector banks to review monthly the top 20 insolvency cases, financial services secretary told reporters. The government has asked for reviews of insolvency cases as there are delays in admission of cases in insolvency courts. “There are delays in admission stage,” said Vivek Joshi….
