Debt Resolution

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Debt Resolution - Total results - 12
Anil Ambani-led Reliance Infrastructure lenders sign inter-creditor agreement for debt resolution
Business

Anil Ambani-led Reliance Infrastructure lenders sign inter-creditor agreement for debt resolution

Anil Ambani-led Reliance Group firm Reliance Infrastructure said on Thursday its lenders have signed an inter-creditor agreement (ICA) for the resolution of debt

Have agreed to every condition laid down by Jet Airways' lenders to ensure release of funds for airline, says Naresh Goyal
Business

Have agreed to every condition laid down by Jet Airways' lenders to ensure release of funds for airline, says Naresh Goyal

Jet Airways is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore

RBI permits companies participating in insolvency process to tap ECB route
Business

RBI permits companies participating in insolvency process to tap ECB route

In a bid to facilitate the resolution process under insolvency law, the RBI on Thursday proposed to permit bidders to raise funds through external commercial borrowing for repayment to the existing lenders

IL&FS crisis: Group-level resolution for Rs 91,000 cr debt unlikely, Uday Kotak-led board tells NCLT
Business

IL&FS crisis: Group-level resolution for Rs 91,000 cr debt unlikely, Uday Kotak-led board tells NCLT

"Based on an outreach conducted by the FTA, the initial assessment seems to indicate that currently, the group-level resolution option is unlikely to materialise," the IL&FS board said in its second report on progress and way forward submitted to the NCLT.

Debt resolution: Usha Martin promoters seek clarity on fund use from slump sale to Tata Steel
Business

Debt resolution: Usha Martin promoters seek clarity on fund use from slump sale to Tata Steel

In one of the largest debt resolution plans outside the NCLT process, the Usha Martin board had on Saturday signed an agreement with Tata Steel to acquire the Kolkata-based steel and wire rope-maker for a cash consideration up to Rs 4,300-4,700 crore.

IDBI Bank moves NCLT against Reliance Naval to recover dues; firm owes over Rs 9,000 cr to two dozen banks
Business

IDBI Bank moves NCLT against Reliance Naval to recover dues; firm owes over Rs 9,000 cr to two dozen banks

The Anil Ambani promoted Reliance Naval and Engineering Ltd (RNAVAL) is the first private sector company in India to obtain the license and contract to build warships.

Company law appellate tribunal agrees to hear NuMetal, ArcelorMittal petition in Essar Steel case
Business

Company law appellate tribunal agrees to hear NuMetal, ArcelorMittal petition in Essar Steel case

Essar Steel had a debt of Rs 49,000 crore and was referred to NCLT in June last year

Luxembourg-based ArcelorMittal plans to rebid for Essar Steel in second round of bidding
Business

Luxembourg-based ArcelorMittal plans to rebid for Essar Steel in second round of bidding

The SBI-led consortium of creditors had this week rejected the bids by ArcelorMittal and Numetal -- SPV floated by Russian lender VTB Bank and Rewant Ruia -- finding them ineligible under the IBC (Insolvency Bankruptcy Code) laws that debar related parties from bidding

Economic Survey: India can leapfrog on growth in services sector, not manufacturing
Business

Economic Survey: India can leapfrog on growth in services sector, not manufacturing

While 7.5 percent looks achievable it is more likely to be services-driven for at least two more years before investment revives.

Reliance Communications shares extend rally, zoom over 25% on revival plan announcement
Business

Reliance Communications shares extend rally, zoom over 25% on revival plan announcement

Shares of Reliance Communications (RCom) on Wednesday extended their previous session's rally, soaring over 25 percent, as investor sentiment remained buoyant following a revival plan announcement

Anil Ambani led RCom announces debt revival plan, ropes in new investor; shares up 35%
Business

Anil Ambani led RCom announces debt revival plan, ropes in new investor; shares up 35%

Announcing the resolution plan, company chairman Anil Ambani told reporters that the new plan has the support of a Chinese lender that had dragged it to the NCLT for dues running into $1.8 billion, and would see RCom bringing down its mountain of debt by Rs 25,000 crore.

RCom's debt resolution: Lenders clear sale of company's Delhi, Chennai asset for Rs 801 cr
Business

RCom's debt resolution: Lenders clear sale of company's Delhi, Chennai asset for Rs 801 cr

As per of its asset monetisation plans, RCom has been working on finding investors or buyers for prime real estate assets in Navi Mumbai and New Delhi