Operational creditors would realise about 42% of the total claims for the 92 corporate insolvency resolution plans that have yielded a resolution plan, which is in line with the 44 percent for financial creditors
RBI relaxes stressed asset norms for lenders; directs banks to review borrower's accounts within 30 days of default
In Friday's circular, the RBI said lenders should work on a resolution plan based on the financial health of borrowers even before a default.
During the last auction, the government and TRAI had put airwaves worth Rs. 5.66 lakh crores for sale.
SBI's exposure alone to the telecom sector is around Rs 70,000 crore.
An ERP system also enables a company to review costs over a period of time, or according to a specific classification.
Will the promoters, the Marans, decide to pump in more money into the cash-strapped airline? Or will they announce the status of talks with any potential investor? Because if neither decision is taken, then it only means the Marans will let the airline struggle with mounting dues, exhortations from multiple lenders and dwindling prospects of any revival.
The airline's comments camea day after civil aviation minister A Gajapathi Raju spoke about about the heightened surveillance of SpiceJet flights by theDGCA on account ofof safety concerns.<br />
As many as 54 SpiceJet pilots of the over 125 pilots who have quit the airline have already applied for a jobs in the two major airlines -- Jet Airways and IndiGo.
For SpiceJet , it couldn't have come at a worse time as it has been forced to cancel flights due to a shortage of aircraft and is in urgent need of a capital infusion to stay afloat.<br />
Budget airline SpiceJet has said that payment of salaries to employees was delayed but promised it wouldn't happen again.
The airline has reported 5th straight quarter of net losses for the July-September period.
Controlled by billionaire Kalanithi Maran's Sun Group, SpiceJet has slashed costs, overhauled its management team and is pursuing a strategy of heavily discounting advance sales to fill up seats.
The regulator wants to know whether SpiceJet is in the right financial condition required to run and maintain an airline.