DEBT RECOVERY TRIBUNAL
Trades in junk bonds touch a new record
DHFL bonds were traded in two tranches on Thursday and Friday last week at 80-73 per cent discounts.
Jaiprakash Power Ventures to exit insolvency process
The outstanding debt of the Jaiprakash Associates group company has reduced to less than...
NCLAT seeks clarity from govt, agencies on JSW Steel immunity
ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore w...
Reliance Home investors plan more actions to recover dues
Complaints to the National Financial Reporting Authority (NFRA), the regulator of CA firms, are likely to cite failures of Grant Thornton and PwC in spotting irregularities, market sources said. Investors have also demanded a copy of the forensic audit conducted by Grant Thornton. PwC was the statutory auditor of Reliance Home Finance.
DHFL jumps 5% ahead of creditors meeting on debt resolution
The Mumbai bench of the NCLT had admitted the company for insolvency resolution on December 2.
Edelweiss ARC, Goldman Co tighten grip on Bilt Graphic
Some lenders like Kotak Mahindra Bank and IDBI Bank were opposed to this infusion because they were not consulted before this decision was taken.
Bondholders drag Reliance Home Finance to NCLT
IDBI Trusteeship wants the tribunal to seize the assets of Reliance Home Finance and Reliance Capital to recover the dues.
Telecom industry is on the path to recovery, but AGR an overhang: ICRA
Recent mobile tariff hike by telcos are pointing towards greenshoots of recovery in the sector.
In a first, IBC process ordered for failing to pay an insolvency services company
The NCLT’s Hyderabad bench has ordered the proceedings at Sri Yadadri Life Sciences (SYLS) for the alleged default in payments to Adroit Financial Services (AFS) for advice given on insolvency resolution and services towards capital structuring and settlement of debt through a one-time settlement (OTS) with its lender.
A record Rs 5.9 lakh crore bond bill is looming over Indian firms
Many firms are already struggling after economic growth slumped to its weakest since 2009.
Debt Recovery Tribunal stops DHFL from making payments
Move comes a day after Bombay HC told DHFL to pay banks, NBFCS with securitisation deals
Suzlon may offer banks up to 68% haircut in debt recast deal
The company proposes to swap its Rs 11,300 crore of debt into Rs 3,600 crore of new debt.
How equity, debt and gold investments did in 2019
Weakness in economy caught most companies off guard, it is feared that expected earnings recovery may get postponed. However, the stock market may still remain firm and hopeful. Some experts believe that the economic situation will improve in 2020.
Liberty House told to give details on Adhunik, Zion resolution plan
UK co gets one more chance after it failed to make full upfront payment for the two entities on time.
RCom's committee of creditors to meet on Wednesday
Reliance Communications' committee of creditors (CoC) will hold a meeting on Wednesday, the company said in a regulatory filing on Tuesday.
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