Search For "creditors"
NTPC acquires Jhabua Power Ltd through corporate insolvency resolution rou
Updated : 3 years, 6 months ago IST
New Delhi [India], September 6 (ANI): NTPC Ltd, an integrated power producer, has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
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China may disagree with Western creditors on Sri Lanka's debt restructurin
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 5 (ANI): China, Colombo's largest bilateral lender may disagree with Western creditors on Sri Lanka's debt restructuring.
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Income Tax Dept raids Odisha-based mining firm
Updated : 3 years, 8 months ago IST
New Delhi [India], July 7 (ANI): The Income Tax Department has raided various premises of an Odisha-based company involved in the business of mining, processing and trading of black stones, the Union Ministry of Finance said on Thursday.
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Insolvency and Bankruptcy Board regulations amended
Updated : 3 years, 9 months ago IST
New Delhi [India], June 16 (ANI): The Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016, the Ministry of Corporate Affairs said on Wednesday.
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IMF calls for quick agreement between Zambia, creditors on debt restructur
Updated : 3 years, 9 months ago IST
Zambia [Zimbabwe], June 16 (ANI/Xinhua): The International Monetary Fund (IMF) on Wednesday called for a quick agreement between Zambia and its creditors on debt relief in order to speed up the process of a financing agreement.
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Cyril Amarchand Mangaldas advises Nithia Capital and Jai Saraf in relation
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra)/New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Nithia Capital Resources Advisors LLP and Jai Saraf ("Resolution Applicants") in connection with the submission, negotiations with the committee of creditors and implementat
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Creditors realise 221 per cent of liquidation value through insolvency res
Updated : 4 years ago IST
New Delhi [India], March 15 (ANI): Financial creditors realised 221 per cent of liquidation value and 51 per cent of admitted claims through the corporate insolvency resolution process, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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Pak govt eyes people's gold to increase forex reserves
Updated : 4 years ago IST
Islamabad [Pakistan], February 20 (ANI): The ruling Imran Khan-led Pakistan Tehreek-i-Insaf (PTI) government is considering a proposal to borrow gold biscuits and bars from the people to increase the country's foreign exchange reserves that remain on a sliding path despite taking over USD 5
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RBI supersedes Reliance Capital board, to start insolvency process
Updated : 4 years, 3 months ago IST
New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) on Monday superseded the board of directors of Reliance Capital Ltd (RCL) in view of the defaults by the company in meeting various payment obligations to its creditors and "serious governance concerns which the Board has
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Cyril Amarchand Mangaldas advises on corporate insolvency resolution proce
Updated : 4 years, 8 months ago IST
New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL's corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial i
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IRB Infrastructure board approves fund raising of Rs 2,500 crore to tide o
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Apr 27 (ANI): The board of directors at IRB Infrastructure Developers Ltd has approved fund raising of up to Rs 2,500 crore to meet ongoing and planned capex requirements besides cash flow mismatches as well as for general corporate purposes in wake of COVID-19
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IMFC calls on private creditors to join debt standstill amid COVID-19 cris
Updated : 5 years, 11 months ago IST
Washington DC [USA], April 17 (ANI): The International Monetary and Financial Committee (IMFC), the IMF's governing body, has underscored the importance of the Fund in fighting the economic crisis caused by coronavirus pandemic.
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