Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
The Export Promotion Mission launches a pilot intervention to strengthen MSME access to alternative trade finance by supporting export factoring (recourse and non-recourse) provided by entities regulated by relevant financial regulators; the scheme offers an interest subvention (notified at 2.75%) on the discount/interest cost element and disburses claims to IEC linked bank accounts. Eligibility requires active IEC and Udyam registration (not on DEL), factoring against a notified positive HS six digit tariff list, and compliance with online declaration, claim and reporting procedures. An annual ceiling of 50 Lakh per MSME applies; operational guidelines, governance and claim procedure issued for stakeholder feedback.
The Export Promotion Mission launches a pilot intervention to strengthen MSME access to alternative trade finance by supporting export factoring (recourse and non-recourse) provided by entities regulated by relevant financial regulators; the scheme offers an interest subvention (notified at 2.75%) on the discount/interest cost element and disburses claims to IEC linked bank accounts. Eligibility requires active IEC and Udyam registration (not on DEL), factoring against a notified positive HS six digit tariff list, and compliance with online declaration, claim and reporting procedures. An annual ceiling of 50 Lakh per MSME applies; operational guidelines, governance and claim procedure issued for stakeholder feedback.
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