Recent Highlights
All Stories for Debt Restructuring
Potential IMF bailout for Sri Lanka could be delayed if creditors do not agree on concessions, says Ranil Wickremesinghe
• 3 years agoA crucial debt restructuring, with the countries to which it owes billions agreeing to write off some of their dues, is a pre-condition before the IMF will approve a bailout for the country, where inflation is rampant and shortages of essentials widespread
Deepening crisis in Sri Lanka: An opportunity for India to displace China?
Gulbin Sultana • 3 years agoWhy expecting goodwill towards India to lead to a dampening of relations between Sri Lanka and China would be unrealistic
Jet Airways board approves rescue deal to plug Rs 8,500-cr funding gap; lenders to become largest shareholders
• 6 years agoJet Airways had a rough 2018 as competition intensified in the Indian airline market, the rupee depreciated and high oil prices squeezed margins.
Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hour
Punit Dutt Tyagi And Mitali Daryani • 6 years agoWhat led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays
RCom announces tender and exchange offer for $300 million bond holders due 2020; proposes to buy notes at a discount
• 7 years agoRCom has also offered an option to exchange any or all existing notes due 2020 at a discount for $45 million zero-coupon notes due 2023.
ICICI Bank: Some borrowers get debt recast done by Chanda Kochhar's brother-in-law's firm Avista
• 7 years agoICICI Bank on its part denied any conflict, saying it had not hired Avista Advisory Group run by Rajiv Kochhar, brother of Chanda Kochhar's husband Deepak, and did not pay any fee.
Reliance Communications shares zoom over 30% on debt reduction plan announcement
Ians • 7 years agoReliance Communications has close to Rs 45,000 crore debt on its books in October 2017, Anil Ambani said
Piramal, Bain Capital join hands for distressed debt investing
• 9 years agoThe partners believe there is over an $1 billion investing opportunity in this space over the next few years
Essar Steel's growing woes: Now, the US subsidiary mandates advisers for debt restructuring
Fp Archives • 9 years agoThe company's US unit is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota
#NotEnough: Rising NPAs, opaque CDRs give govt's ease of doing business policies an uneasy twist
Shalinisingh • 9 years agoCivil institutions like the RBI are entrusted with the responsibility of safeguarding India’s economic viability, and abdicating that responsibility endangers both national stability and national security