An urgent need for a cross-border insolvency framework – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-an-urgent-need-for-a-cross-border-insolvency-framework/articleshow/79529444.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Guarantees issued are usually for the loans raised by subsidiaries where the company availing the loan does not meet the requisite financial parameters.

Anil Ambani: Govt in no mood to relent on personal guarantee, wiggle room for Anil Ambani is shrinking fast – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/govt-in-no-mood-to-relent-on-personal-guarantee-wiggle-room-for-anil-ambani-is-shrinking-fast/articleshow/79525396.cmsSynopsis This is only the latest in the beleaguered one-time tycoon’s well-documented series of brushes with personal guarantee invocation. He is already being sued

Bankers to make last-ditch attempt to get more cash from Lavasa’s bidders – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bankers-to-make-last-ditch-attempt-to-get-more-cash-from-lavasas-bidders/articleshow/79491232.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Three bids were received for the stuck project until the deadline of November 20 including one from a Pune-based realty developer Anirudh Deshpande

Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of race – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November

Hazy disclosures, vague reasons: how auditor exits continue to play with investor confidence – The Economic Times

Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/hazy-disclosures-vague-reasons-how-auditor-exits-continue-to-play-with-investor-confidence/primearticleshow/78858518.cms SynopsisNearly three dozen listed companies have seen auditor resignations this year. One of those cases, the UPL fiasco, highlights how patchy and insufficient

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.

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