SEVEN RETAILERS FILED FOR BANKRUPTCY PROTECTION IN EARLY JULY

HIGHLIGHTS

• Department stores and apparel companies have been hit hard by the COVID – 19 pandemic 
• In 2020, around 44 retailers have landed in bankruptcy court 

In early July seven ret...

India’s economy is expected to rebound in 2020

The Confederation of Indian Industry (CII), said on Sunday that India’s economy is expected to rebound in 2020. It suggests that gradual recovery from the slow down shall soon be in place. 

It can be accounted to the measures taken by the RBI and government along with easing ...

NCLT orders Aviva Insurance insolvency proceedings

In a case filed by Apeejay Trust, the National Company Law Tribunal ordered insolvency proceedings against Aviva Life Insurance.

A two-member NCLT Delhi bench consisting of Justice R D Khare and Sumita Purkayastha allowed the complaint against Aviva Life Insurance and also named a quali...

Bank of Baroda officer steps down

The banks of India are facing Bankruptcy due to the forever changing norms of the Indian government amongst the global economic slowdown. The stepdown of a major official from Bank of Baroda is expected to change the finance and banking scene.

P.S. Jayakumar finished his term as Bank of...