Defaulting On Debt

Case related to a company that challenged insolvency proceeding against it for delaying payments to borrower

Earlier this week, FEL defaulted twice on interest payments of Rs 85.71 lakh and Rs 6.07 crore for its non-convertible debentures.

The NSO has pegged the economic growth at 5 per cent for FY2019-20 in its second advance estimates released last week

Resolution plans were to be implemented within 180 days from the end of the one-month review period

Sebi circular of August 4 asking corporations to disclose delays/defaults addresses number of issues