Up until recently, India only allowed DVRs with lower voting rights.
The committee of creditors of Jaypee Infratech had rejected a resolution plan by state-owned construction firm NBCC with lenders unanimously voting against the plan.
IndiGo instructed to submit all documents, including EY report on related-party transactions.
IL&FS, lenders reach agreement; co tells NCLAT it will take up 10 more companies next.
Sources said the final settlement amount would be contingent on Hudco closing all claims against Bakshi.
The National Company Law Appellate Tribunal (NCLAT), however, gave operational creditors equal footing into the proceeds of insolvency auction.
Adani group had submitted a non-binding proposal to lenders of Jaypee Infrastructure, offering to infuse Rs 1,700 crore in fresh equity and begin delivery of flats to homebuyers within nine months.
Low inflation levels were key to maintaining a growth trajectory allowing firms to offer discounts because of low inflation in input costs.
The changes include cross-border insolvency framework and harsher punishments for irregularities.
A high-level panel on CSR is likely to propose increased disclosures to bring transparency in spending on these activities.
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