Credit guarantee
Credit guarantee is an assurance by an entity (guarantee giving firm) that if the debtor (loan obtained entity) doesn’t pay, …
Read MorePrivate sector bank
“Private Sector Banks” means banks licensed to operate in India under Banking Regulation Act, 1949, other than Urban Co-operative Banks, …
Read MoreFaceless assessment
The Faceless assessment scheme for tax administration was launched by the Finance Minister in the Union Budget 2019 (July) to …
Read MoreTurant Customs
“Turant Customs” is a faceless assessment programme by the Central Board of Indirect Taxes and Customs (CBIC) aimed to facilitate ease …
Read MoreDwell time (trade)
Dwell time is the time delay from the time the cargo arrives in the port and the time the goods …
Read MoreLiquidation
Liquidation of a corporate debtor involves the selling of its assets completely and the distribution of the sale proceeds among …
Read MoreBankruptcy
Bankruptcy is a state for a company in which the company voluntarily goes to the court and officially declares that …
Read MoreInsolvency
Insolvency of a company is a situation when the company becomes incapable of recompensing its debts in the ordinary course …
Read MoreResolution Plan
A resolution plan is a proposal that aims to provide a resolution to the problem of the corporate debtor’s insolvency …
Read MoreCommittee of Creditors (CoC)
Committee of Creditors (CoC) under the IBC is a committee consisting of the financial creditors (commercial banks and other entities …
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