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Total 969 results found. Search for [ financial creditors ]

Results 1 to 21 of 969
BusinessToday.In
September 25, 2020
The Parliament had recently approved Section 10A under the second amendment to the IBC that allows the government to extend the suspension of insolvency proceedings for up to a year from the date of beginning


BusinessToday.In
September 24, 2020
Reliance Retail, which is a retail arm of oil-to-telecom conglomerate Reliance Industries Ltd (RIL), is currently holding discussions with advisers at the UK-based multinational retailer Debenhams for a possible takeover by the end of September (2020)


BusinessToday.In
September 22, 2020
Lenders to once-a-billionaire Anil Ambani's Reliance Capital Limited (RCL) which recently defaulted on its debt repayments to debenture holders have reportedly appointed investment management firms to sell assets of the company


BusinessToday.In
September 22, 2020
Finance Minister Nirmala Sitharaman said that the provisions would, however, not impact proceedings already initiated before March 25. The Centre might extend this six-month period to one year through notification


Dipak Mondal
September 21, 2020
CBI has named Kwality Ltd's ex-promoter Sanjay Dhingra, and other company executives in the case


BusinessToday.In
September 21, 2020
A new research paper by former RBI Governor Raghuram Rajan and former deputy Governor Viral Acharya talks about a range of issues including management of bad loans, winding up of the Financial Services Department in the Finance Ministry and reforms in public sector banks


BusinessToday.In
September 21, 2020
Former Reserve Bank of India Governor Raghuram Rajan and former Deputy Governor Viral Acharya opine that the first step to deal with bad loans is an honest recognition of loan losses


BusinessToday.In
September 3, 2020
The finance minister, in her review meeting with the heads of Scheduled Commercial Banks (SCBs) and NBFCs, added that COVID-19 related distress must not impact the lenders' assessment of their creditworthiness


Nevin John
September 2, 2020
Competition Commission of India is expected to look into the overlap of retail assets and businesses in common localities belonging to Reliance and Future Group


BusinessToday.In
August 29, 2020
The board meeting is being deferred due to the non-completion of the financial results' audit process, the company said in a late evening announcement to the stock market on Friday


BusinessToday.In
August 28, 2020
United Breweries Holdings Ltd. (UBHL), on Thursday, moved the Supreme Court against the Karnataka High Court's March 6 order that upheld the winding-up ruling passed in February 2018 as the company failed to pay admitted liabilities to its creditors


BusinessToday.In
August 26, 2020
India Stock Market Highlights: Bajaj Auto, followed by Bajaj Finserv, IndusInd Bank, M&M, PowerGrid, Bajaj Finance, Axis Bank, Kotak Bank and ICICI Bank were among the top gainers today. On the other hand, Bharti Airtel, Asian Paints, HCL Tech, HDFC and TCS were among the laggards


Manu Kaushik
August 24, 2020
The bench hearing the AGR case has outlined three areas on which it would pass the judgement, and the next few days, particularly before September 2, are going to be pretty intense for the entire sector


BusinessToday.In
August 22, 2020
According to ICICI Lombard, the combined entity will have a market share of about 8.7 per cent on Pro-forma basis. The companies, however, did not disclose the deal value


Manu Kaushik
August 20, 2020
Financial creditors' dues take precedence over those of operational creditors under the IBC. Thus, if DoT has considered itself as an operational creditor, it slips below banks in the priority list of creditors. But the SCwants it the other way round


Manu Kaushik
August 19, 2020
With telecom department and creditors at the loggerheads, and each side presenting a convincing argument, it would be interesting to see what road the apex court takes to secure the AGR dues


BusinessToday.In
August 17, 2020
Last week a loan operation staff of Citibank transferred  $900 million on behalf of Revlon to its lenders. Citigroup reportedly called it a 'clerical error'


Dipak Mondal
August 12, 2020
The committee of creditors is yet to approve either of the two resolution plans that the Era Infra resolution professional has received so far - the reason being legal disambiguity of the resolution plans submitted


Dipak Mondal
August 11, 2020
This local-only rule according to the IBBI has been done to facilitate ease of coordination and communication between the authorised representative and the creditors in the class the representative represents


BusinessToday.In
August 5, 2020
UV Asset Resolution Co Ltd (UVARCL) has offered bid of a little over Rs 16,000 crore and committed to pay 30 per cent of the sum upfront within 90 days


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