Search For "resolution plan"
CARE downgrades Reliance Home Finance's long-term debt instruments to 'D'
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 14 (ANI): CARE Ratings has downgraded Anil Ambani-led Reliance Home Finance's long-term debt programme, market-linked debentures, subordinated debt, non-convertible debentures (NCDs) and upper tier-11 NCDs to 'D'.
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DHFL says it may default again on payment obligations
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 9 (ANI): Dewan Housing Finance Corporation (DHFL) has said that its payment obligations falling due in the immediate future may not be met as per their existing schedule.
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DHFL readies resolution plan in consultation with Ernst & Young
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 6 (ANI): Dewan Housing Finance Corporation (DHFL) said on Tuesday that the special committee has approved a draft resolution plan which the company formulated in consultation with financial adviser Ernst & Young.
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Parliament passes bill to amend IBC Code
Updated : 6 years, 7 months ago IST
New Delhi [India], August 1 (ANI): The Parliament on Thursday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019 that provides a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan.
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LS takes up for discussion Insolvency Code (Amendment) Bill
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Lok Sabha on Thursday took up for discussion a Bill that seeks to provide a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan.
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DHFL stock jumps 12 pc on investor proposals to buy stake
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): Shares of Dewan Housing Finance Corporation (DHFL) moved up sharply on Tuesday as the private lender reported receiving investor proposals for buying stake in the company.
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DHFL says it remains strong and solvent, resolution plan underway
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 15 (ANI): Despite the financial crisis at Dewan Housing Finance Corporation Limited (DHFL), the company said on Monday that it has withstood intense pressure and continues to remain strong and solvent.
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Reliance Infrastructure inter-creditor pact signed among 16 lenders
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): Reliance Infrastructure Limited's 16 lenders have signed the inter-creditor agreement (ICA), the Anil Ambani-owned company said on Thursday, adding it aims to be debt free by next year.
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Adani Power says resolution plan for GMR Chhattisgarh approved
Updated : 6 years, 8 months ago IST
Ahmedabad (Gujarat) [India], June 26 (ANI): A consortium of lenders led by Axis Bank has issued a letter of intent approving Adani Power's resolution plan to acquire controlling equity stake and restructure debt in GMR Chhattisgarh Energy Limited (GCEL).
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Dedicated bankruptcy court has rejected ArcelorMittal India's plea to set
Updated : 6 years, 10 months ago IST
Dubai [UAE] May 6 (ANI/BuisnessWire India): The committee of creditors has approved the RPIF plan by giving 73.17 per cent votes, confirmed Mayur Ghule, Director - Royale Partners Investment Fund.
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GMR Rajahmundry Energy executes resolution plan
Updated : 6 years, 10 months ago IST
New Delhi [India], May 3 (ANI): GMR Infrastructure on Friday announced execution of a bilateral resolution plan between its associate company GMR Rajahmundry Energy Ltd (GREL) and the lenders.
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Jet airways lenders meet, intend to pursue bank-led resolution plan for sa
Updated : 6 years, 11 months ago IST
New Delhi [India], Apr 4 (ANI): The lenders of Jet Airways (India) Limited met on Thursday to take stock of the current situation of the company
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