Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/banks-borrowers-dig-in-their-heels-over-personal-loan-guarantees/articleshow/83523395.cms SynopsisBanks say that they are demanding proper documentation because several promoters have parked their assets in a trustee company or moved proceeds of
Category: IBC-SEBI
DHFL case: CoC decision on shareof FD holders can set a precedent – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/dhfl-case-coc-decision-on-share-of-fd-holders-can-set-a-precedent/article34806278.ece?homepage=true NCLT says small investors should not face more risk than institutions Amidst the ongoing Covid-19 pandemic and job losses, the National Company Law
NCLT sets up monitoring panel for DHFL until Piramal Group’s resolution plan is implemented – The Financial Express
Clipped from: https://www.financialexpress.com/industry/insolvency-case-nclt-sets-up-monitoring-panel-for-dhfl-until-piramal-groups-resolution-plan-is-implemented/2270700/ The appointment of monitoring committee is typically done for the smooth implementation of the resolution plan. However, some experts are surprised at the
Ex-IL&FS group chief Ravi Parthasarathy arrested in Rs 1-lakh cr scam–business today
Clipped from: https://www.businesstoday.in/current/corporate/ex-ilfs-group-chief-ravi-parthasarathy-arrested-in-rs-1-lakh-cr-scam/story/441467.html EOW says Parthasarathy was heading IL&FS group that comprised more than 350 group firms, and they were channelised to as a “vehicle to
Kalrock-Jalan spar with DGCA over Jet slots at NCLT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/kalrock-jalan-spar-with-dgca-over-jet-slots-at-nclt/article34782761.ece?homepage=true Landing slots are an important intangible asset for an airline The tussle over the historical slots of Jet Airways between the Kalrock-Jalan consortium
Despite the turmoil, DHFL buy is an opportunity for Piramal Group – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-the-turmoil-dhfl-buy-is-an-opportunity-for-piramal-group/article34772463.ece The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network Mortgage financier Dewan Housing Finance
CBI charges Gautham Thapar with ₹466-cr YES Bank loan fraud; searches premises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cbi-charges-gautham-thapar-with-466-cr-yes-bank-loan-fraud-searches-premises/article34773153.ece The Bank had complained of a diversion of ₹515-cr loan in 2017 to a Group power firm The Central Bureau of Investigation (CBI)
Ever wondered how much money has been recovered through IBC? Here’s the data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/ever-wondered-how-much-money-has-been-recovered-through-ibc-heres-the-data/articleshow/83363743.cms Synopsis–Out of the total 4,300 cases that have been admitted to bankruptcy courts since FY17, only 8% has been resolved and nearly 40%
Reliance Home Finance debt resolution: Voting likely to be completed by June 15 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/reliance-home-finance-debt-resolution-voting-likely-to-be-completed-by-june-15/article34771492.ece?homepage=true The selection of the winning bidder will be from final and binding bids. The debt resolution of Reliance Home Finance is understood to
The ‘hearing aids’ helping corporate India to listen better | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/covid-crisis-indian-economy-corporate-india-7350144/ Thanks to these six factors, a new breed of entrepreneurs is participating in the recovery of the Covid-hit economy. George Fernandes once said, “When
Despite the turmoil, DHFL buy is an opportunity for Piramal Group – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-the-turmoil-dhfl-buy-is-an-opportunity-for-piramal-group/article34772463.ece?homepage=true The main attraction of DHFL for the Piramal Group is the scale of its operations and branch network Mortgage financier Dewan Housing Finance
No backdoor entry | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/no-backdoor-entry-121060801611_1.html Promoters should not be allowed to delay insolvency resolution The drama over Dewan Housing Finance Corp Ltd (DHFL) is another example of how
DHFL resolution: 63 Moons, FD holders to challenge NCLT order – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-resolution-63-moons-fd-holders-to-challenge-nclt-order/2267773/ The firm wants the creditors of DHFL to receive the money, instead of the buyer (PCHFL), in case recovery happens in the alleged
Banks face ₹42,000-cr haircut as NCLT clears Vedanta firm’s ₹2,900-crore bid for Videocon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/banks-face-42000-cr-haircut-as-nclt-clears-vedanta-firms-2900-crore-bid-for-videocon/article34763894.ece Anil Agarwal-backed company offers to pay ₹2,900 crore to lenders Banks will take a ₹42,000-crore haircut after the Mumbai Bench of the National
Insolvency and Bankruptcy Code works, but it could work better – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-and-bankruptcy-code-works-but-it-could-work-better/articleshow/83347394.cmsSynopsis The bid amount will enable creditors to recover about 40% of the total admitted claims of around Rs 87,082 crore. The NCLT has
DHFL: 63 moons to challenge NCLT’s approval for Piramal’s resolution plan | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dhfl-63-moons-to-challenge-nclt-s-approval-for-piramal-s-resolution-plan-121060801247_1.html 63 moons believes that the resolution plan is against interest of all DHFL’s creditors, including NCD holders 63 moons technologies, which holds around Rs
Know what investment utilisation ratios say about a firm – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-know-what-investment-utilisation-ratios-say-about-a-firm/2266923/ Fixed Assets Turnover is computed by dividing the revenue of a firm by its tangible fixed assets. For all the five ratios, higher
Financial creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/financial-creditors-may-realise-rs-55000-60000-cr-through-ibc-in-fy22-report/articleshow/83306043.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a
When former biz owners try the back door – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/corporate-file/when-former-biz-owners-try-the-back-door/article34745681.ece Insolvent promoters are cobbling together sweet offers to regain their empires, but what does the insolvency and bankruptcy law really say? On October
Independent directors: Sebi lesson for proxy advisers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-sebi-rules-will-impact-appointment-of-independent-directors/articleshow/83279572.cmsSynopsis How the SEBI consultation paper on appointment of independent directors is likely to impact recommendations by proxy advisers, as India Inc gears up
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