Liquidation order for Lanco Infratech by National Company Law Tribunal (NCLT) seals its fate. The company which generated revenue (consolidated) of over Rs 8,000 crore just two years back would soon cease to exist. As per the last annual report (FY17), it had over Rs 27,000 crore of order book in just one segment, not … Continue reading Lanco Infratech – Here Today, Gone Tomorrow
While software services continue to get maximum attention, Business services is also a sizeable segment and provide some useful insights. The segment reported exports of over $37 bn, less than software, but substantial nevertheless. In fact, its growth rate at 13% implies that it is not witnessing the kind of challenges software is going through. Further, … Continue reading India’s Balance of Payment.. (Part II)
Balance of Payment (BoP) for 2017-18, as per the RBI data, shows a reasonable jump of over 13% in exports. This has come after a gap of five years during which it has shrunk by nearly the same amount. However, the gains were more than negated by even sharper increase of 20% in imports. But … Continue reading India’s Balance of Payment – I
The Insolvency & bankruptcy code (IBC) has received unprecedented attention since its promulgation about two years back, more so, through the whole of this year. The designated courts have also been very busy adjudicating on cases filed before it, trudging through a nascent law which has gone through several amendments. The amendments have made the … Continue reading Decoding Insolvency & Bankruptcy Code (IBC)
Jaiprakash Associates (JAL) suffered two setbacks; first with The Supreme Court denying it permission to bid for its subsidiary, Jaypee Infratech, which is undergoing insolvency proceedings. The second one came when lenders sold another of its subsidiary for failing to meet its debt obligation. While JAL was certain to lose most of its equity investment … Continue reading Jaiprakash Associates – What Went Wrong??