Financial Creditors

Showing 1 of 17 from 17 results
Financial Creditors - Total results - 17
Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer
Business

Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer

Jaypee Infratech's financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according to sources.

Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers
Business

Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers

Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers to make its final resolution more lucrative for financial creditors, sources said

Jaypee Infratech crisis: Lenders ask NBCC, Suraksha Realty to sweeten offers, submit final bids by 3 December
Business

Jaypee Infratech crisis: Lenders ask NBCC, Suraksha Realty to sweeten offers, submit final bids by 3 December

Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium.

NCLAT rejects Prashant Ruia's plea to block ArcelorMittal; approves bid for Essar Steel with modification
Business

NCLAT rejects Prashant Ruia's plea to block ArcelorMittal; approves bid for Essar Steel with modification

Essar Steel director Prashant Ruia had challenged that order saying ArcelorMittal was ineligible to bid under Section 29A of the Insolvency and Bankruptcy Code as it was associated with delinquent or loan defaulting firms.

Stressed steel assets may see lower recovery rates in second round; flat steel segment's growth may moderate to 5-5.5%
Business

Stressed steel assets may see lower recovery rates in second round; flat steel segment's growth may moderate to 5-5.5%

Sixteen of the accounts were in the steel sector, where the haircut required was a lower 47 percent, as compared to 69 percent for other sectors.

Jaypee Infratech insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC's bid; result to be out on 20 May
Business

Jaypee Infratech insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC's bid; result to be out on 20 May

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech, a subsidiary of Jaiprakash Associates Ltd (JAL).

Jaypee Infratech takeover: Lenders seek clarification from NBCC on revised bid; creditors' panel to meet again on 14 May
Business

Jaypee Infratech takeover: Lenders seek clarification from NBCC on revised bid; creditors' panel to meet again on 14 May

NBCC was also asked how it will fund the takeover of Jaypee Infratech, sources said adding that NBCC officials answered all the queries.

After govt nod, NBCC asks Jaypee Infratech RP to reconsider bid; lenders, home buyers vote on sole bid by Suraksha Realty
Business

After govt nod, NBCC asks Jaypee Infratech RP to reconsider bid; lenders, home buyers vote on sole bid by Suraksha Realty

Financial creditors and home buyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty,

PNB fraud case: Mehul Choksi moves Bombay High Court against non-consideration of plea on health grounds
Business

PNB fraud case: Mehul Choksi moves Bombay High Court against non-consideration of plea on health grounds

Mehil Choksi and his nephew diamantaire Nirav Modi are absconding after the biggest financial fraud came to light in February 2018 and are facing extradition from Antigua and Britain, respectively.

NCLAT likely to direct ArcelorMittal to deposit Rs 42,000-cr bid amount for acquiring Essar Steel
Business

NCLAT likely to direct ArcelorMittal to deposit Rs 42,000-cr bid amount for acquiring Essar Steel

The bench also asked ArcelorMittal to file an affidavit before it, detailing the steps to be taken for implementation of the resolution plan of debt-ridden Essar Steel.

RCom, Ericsson case: Anil Ambani faces setback as Rs 453 crore payment deadline looms on 19 March
Business

RCom, Ericsson case: Anil Ambani faces setback as Rs 453 crore payment deadline looms on 19 March

Anil Ambani's RCom group to pay Rs 453 crore in four weeks, by 19 March, failing which Ambani will have to go to jail.

Essar Steel takeover: NCLAT refuses stay on NCLT nod to ArcelorMittal plan; seeks fresh distribution plan for bid amount
Business

Essar Steel takeover: NCLAT refuses stay on NCLT nod to ArcelorMittal plan; seeks fresh distribution plan for bid amount

Making a suggestion, the NCLAT said all operational creditors below Rs 1 crore should get 100 per cent of the dues and so should the employees of Essar Steel.

Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says Icra
Business

Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says Icra

There have been various instances of aggrieved home-buyers initiating insolvency proceedings against developers who have delayed project execution.

Jaypee Infratech case: After Supreme Court washes hands off, homebuyers left in a tight spot
Business

Jaypee Infratech case: After Supreme Court washes hands off, homebuyers left in a tight spot

It is not the elevation to the ranks of financial creditor but to the ranks of secured creditors that would have given relief to the hapless homebuyers in the Jaypee Infratech case

Aion Investments, JSW Steel to pay Rs 2,892 crore to pick 74.3% stake in Monnet Ispat
Business

Aion Investments, JSW Steel to pay Rs 2,892 crore to pick 74.3% stake in Monnet Ispat

The bankrupt Monnet Ispat owes over Rs 11,000 crore to a clutch of lenders.

RBI announces hike in limits for cheaper loan for affordable housing; raises red flag on small ticket housing loans
Business

RBI announces hike in limits for cheaper loan for affordable housing; raises red flag on small ticket housing loans

The RBI said after a careful analysis of the housing loans data, it has been observed that the level of NPAs for the ticket size of up to Rs 2 lakh has been high and is rising briskly.