According to a senior bank official ET spoke with, there is cause for concern because of the lengthy chain in a transaction set.
Any hindrance to a resolution professional’s (RP) work would now be treated as contempt of court, potentially inviting criminal proceedings.
Any hindrance to a Resolution Professional’s (RP) work would now be treated as contempt of court, potentially inviting criminal proceedings.
The transaction is also expected to ease the liquidity pressure on Dewan Housing Finance (DHFL), a listed Wadhawan Group company facing funds flow constraints.
The objective is to find out what stops global investors from bringing in long-term money into the world’s fastest-growing major economy.
In the past few months, Yes Bank fell due to corporate governance concerns.
Ravneet Gill will take over as the CEO of the private sector lender on March 1.
Rural Electrification Corp’s merger with Power Finance Corp doesn’t seem to have gone down well with investors as the former’s borrowing cost has surged.
Alok Industries is one of the top 12 loan default cases in India and under insolvency proceedings for the past year and a half.
The value of various debt schemes of UTI Mutual Fund fell as much as 2.22% on Tuesday.
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