Clipped from: https://indianexpress.com/article/business/nclat-discoms-cant-cancel-ppa-amid-corporate-insolvency-process-6825263/ The NCLAT agreed that the proposition that a power plant and its PPA “form one integrated economic asset” appeared to a rational one,
Category: IBC-SEBI
Creditors’ future uncertain as Amazon’s legal battle with Future Group drags on – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-future-uncertain-as-amazon-legal-battle-with-future-group-drags-on/articleshow/78780249.cms SynopsisRestructuring of debt is necessary as the classification of loans as NPA could deplete Future’s value and impact valuations, possibly putting the deal
Potential owners of Jet Airways are looking at a 90% plus stake, offer remnants to lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/potential-owners-of-jet-airways-are-looking-at-a-90-plus-stake-offer-remnants-to-lenders/articleshow/78794738.cmsSynopsis Neither public shareholders nor Jet’s employees, except those retained by the new owners, stand to gain anything out of the deal, experts said.
‘Videocon can earn ₹6,000-cr. revenue’ – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/videocon-can-earn-6000-cr-revenue/article32903555.ece Dhoot urges nod for promoters’ plan Videocon Industries can garner at least ₹6,000 crore in revenue in the first year after recommencing operations
Jet Airways 2.0 – Many challenges on the horizon still – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/jet-airways-20-many-challenges-on-the-horizon-still/article32894263.ece?homepage=true Jet Airways’ disastrous performance in FY2019 can be attributed to a sharp 14 per cent y-o-y jump in total expenses to ₹28,142 crore even
Videocon lenders may turn down Dhoots’ proposal to repay debt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/videocon-lenders-may-turn-down-dhoots-proposal-to-repay-debt/article32894794.ece?homepage=true Lenders to Videocon Industries are unlikely to accept a proposal by the company’s promoters to repay about ₹30,000 crore for taking back control of
NCLT approves JSW Steel’s resolution plan for Asian Colour Coated Ispat Ltd – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-approves-jsw-steels-resolution-plan-for-asian-colour-coated-ispat-ltd/articleshow/78748365.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In the year 2018, ACCIL was part of the Reserve Bank of India’s second list of defaulters that banks were asked to take
Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-off – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-group-piramal-among-4-bidders-for-dhfl-lenders-stare-at-over-rs-60000-crore-write-off/articleshow/78735446.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
Committee of creditors approve Kalrock-Jalan consortium’s resolution plan for Jet Airways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-airways-consortium-approves-kalrock-murari-jalan-backed-resolution-plan-for-airline/articleshow/78717590.cms Anirban ChowdhuryEditor, The Economic TimesSynopsis The resolution professional in charge of Jet, Grant Thornton’s Ashish Chhawchharia, confirmed the same to ET. Jet stopped
Don’t leave shareholders of stressed cos in the lurch – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/dont-leave-shareholders-of-stressed-cos-in-the-lurch/article31925626.ece Hopes of better valuation post takeover a pipe dream Last week, shareholders of Adhunik Metaliks, who were hoping for a better deal from
‘Professionally-run’ Ashok Leyland shrugs off feud in Hinduja family – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Ashok Leyland is betting big on the modular truck platform Avtr× CEO says company will stick to its business plans Ashok Leyland on
Resolving the delisting stand-off – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Delisting offers often get thwarted by investors placing outlandish bids or promoters gaming the numbers. A fix must be found It is not
Centre looking at one-time loan rejig plan for non-MSME businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Union Finance Minister Nirmala Sitharaman – PTI Union Finance Minister Nirmala Sitharaman – PTI× Govt in talks with RBI to work out a
Delisting spree: Investors in India betting on which companies will be next | Business Standard News
Clipped from: https://www.business-standard.com In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares
Moratorium hides asset health of PSBs, helps banks post lower NPAs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/moratorium-hides-asset-health-of-psbs-helps-banks-post-lower-npas-120062600028_1.htmlCanara Bank and Punjab National Bank have up to 30 per cent of their loan book under moratorium The results of public sector banks (PSBs) for
Sebi relaxes pricing norms for preferential issues of listed companies | Business Standard News
Clipped from: https://www.business-standard.com The new pricing formula for allotment of shares under the preferential issue will be higher of the average 12-week price or 2-week price.
One-time loan recast for India Inc may come up at Friday’s RBI board meet | Business Standard News
Clipped from: https://www.business-standard.com The virtual meeting of the central board will be its first since the outbreak of Covid-19 Finance Minister Nirmala Sitharaman said on Thursday
Short-term relief: Easier norms for firms to raise funds – The Financial Express
Clipped from: https://www.financialexpress.com At a board meeting, the regulator allowed companies to acquire shares via bulk and/or block deals, during open offers, and also amended the
JSW Steel seeks time till March to close BPSL deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com The company has sought “flexibility up to March 31, 2021, for implementation” of the Rs 19,700 crore resolution plan due to the “dislocation
Vasan Health creditors move NCLT seeking adjudication – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com A batch of 10 unsecured financial creditors, presumably private financiers of Vasan Health Care, have moved the National Company Law Tribunal seeking adjudication
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