MCA plea to reopen CG Power books likely
According to a person in the know, the MCA’s probe has indicated a suspicious diversion of more than Rs. 2,000 crore by certain erstwhile directors and key managerial executives.
CG Power seeks up to 2 years moratorium on loan repayments
“Under SBI’s leadership, once the company gets some priority funds and restoration...
What’s on the menu? Haldiram interest lifts stocks of debt-stressed HCC, Kwality
On October 10, PTI reported that Haldiram group emerged as t...
KKR's NBFC head BV Krishnan quits
“BV Krishnan has played an important role in helping us build a great franchise. Looking ahead, KKR remains committed to the Indian market for the long-term,” said a company spokesperson.
Gautam Thapar may not be able to regain CG Power control
Lenders including KKR and Yes Bank have converted the pledged shares into equity.
The downfall! How this iconic Delhi business empire went bust
Business tycoon Gautam Thapar’s Avantha Group topped the $4 billion revenue mark during 2007-08.
Gautam Thapar, Avantha file caveat in Bombay HC seeking 2-day notice
The board of CG Power, a flagship company of Avantha Group till recently, had ousted Thapar as its chairman on August 29 for alleged accounting fraud.
Conditional offer: Sunil Mittal company to lead efforts to revive CG Power
SBM Holdings & institutional investors looking to put in working capital and revive domestic operations.
CG Power may move Enforcement Directorate against Avantha Group promoter Gautam Thapar
Board may file PMLA complaint, hopes lookout notice will stop Thapar from fleeing country.
‘Suspect’ transactions detected at Gautam Thapar’s CG Power; stock tanks 20%. YES Bank suffers collateral damage
Fraud at CG Power was purportedly carried out by employees for over 2 years.
KKR, Yes Bank and BOI AXA may take control of CG Power
The move is aimed at cleaning some of the recently reported related party issues and re-shaping the company, which otherwise has a clean track-record.
Irda asks Indiabulls to bring in Rs 1,200 crore investments for life insurance licence
Regulator’s board to meet today and may clear Indiabulls Life Insurance’s R1 licence.
Avantha set to sell Solaris to Agrocel for Rs 800 crore
Agrocel, part of the Shroff Group of Companies which includes Excel Industries, is expected to sign definitive agreement in the coming week and an announcement is due before year-end.
Jaiprakash, RKM, 5 others bag 1,900MW power supply deals
Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-owned Power Finance Corp, awarded the contracts on Friday.
MahaRera orders Lavasa to refund buyers’ money
First MahaRera ruled that complaints against Lavasa did not fall under their jurisdiction as the flats were not sold but given on lease for 999 years.
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