Page 54 - Dev Chatterjee/workspace/business Standard Web/undefined

NCLT clears Videocon sale to Vedanta group firm Twinstar Technologies

Twinstar had offered to pay Rs 2,962 crore to the lenders of Videocon Industries which was saddled with debt of Rs 46,000 crore

Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court

Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by BoB has put paid to his plans.

Half the cases closed under IBC end in liquidation, only 13% resolved

Haircut rises to 60% of lenders' claims in FY21

Lenders terminate bankruptcy proceedings against Lavasa Corporation

Lenders who have run up Rs 7,700 cr bad loans will call for fresh bids

Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod

SBI in talks with SBI Caps to sell shares via block deals

Covid impact: Million-dollar M&A deals sealed over phone, Zoom calls

Some buyers are insisting on a clause in the agreement that the whole deal hinges on physical verification at a later date with some part of payment kept in escrow

Long wait for banks and homeowners on Jaypee Infra debt resolution

CoC to vote on NBCC's offer today

Voting on Suraksha offer for Jaypee Infra deferred; bidders get more time

Committee of Creditors gives Suraksha and NBCC India seven days to file revised bids.

CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha

Homeowners, Suraksha cry foul; say move illegal as per SC order

Bad loans: SC allows banks to invoke personal guarantees of defaulters

Apex court says approval of resolution plan does not ipso facto discharge a personal guarantor (of a corporate debtor) of his or her liabilities under contract of guarantee

Essar Oil UK raises $850 mn from diverse sources to retire earlier loans

With this, the firm has more low-cost liquidity to meet upcoming needs, can focus on its transition to become a low-carbon energy provider" with greater vigour

Committee of creditors rejects NBCC resolution plan for Jaypee Infratech

Lenders to vote on Suraksha plan from Monday

Bidders running out of patience as Jaypee Infra bankruptcy gets delayed

Despite being sent to the bankruptcy courts in August 2017 and SC orders, lenders await resolution of Rs 22,000 cr debt

Jaypee Infra insolvency: Suraksha ARC objects to NBCC's post-deadline offer

CoC to meet today as NBCC sweetens Jaypee Infra offer

Jaypee Infratech insolvency: Suraksha emerges as the highest bidder

The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners

Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement

That deal, approved by 90% of Siva Industries lenders, was signed as there were no other suitable offers; lawyers say it will set a bad precedent

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Reliance Industries may renegotiate Future group valuation: Bankers

FRL sales to drop by 71% in FY21 owing to pandemic impact; sales in FY22 to remain about 30% lower than in FY20, according to Fitch

Demand from lenders for suspension of IBC grows amid second Covid wave

As second Covid wave is expected to impact mid-sized, small companies, lenders seek a breather

M&A deals move into slow lane as investors worry about Covid fallout

Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans