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Prudhviraj Rupavath
Only 19% of IL&FS Group’s Rs 99K Crore Debt Resolved by New Board in 2 Years
26 Oct 2020
The collapse of the IL&FS Group has had a cascading impact on the Non-Banking Financial Companies sector, Mutual Funds sector and the country’s financial markets for several months.
Prudhviraj Rupavath
DHFL Scam: SEBI Takes Action Against 12 DHFL Promoters for Fraudulent Transactions
23 Sep 2020
A transaction audit report by Grant Thronton has revealed a hole worth Rs 14,046 crore in DHFL books as of June 30, 2020.
Prudhviraj Rupavath
After Three Chinese Banks, SBI Seeks to Recover Anil Ambani’s Personally Guaranteed Loans for RCom
20 Jun 2020
Last month, the High Court in London asked Anil Ambani to pay $716 million (around Rs 5000 crore) to three Chinese banks, an amount which he raised through personal guarantees for Reliance…
Newsclick Report
Only 12% Amount Realised by Creditors During December Quarter Under IBC
24 Feb 2020
As of end of December 2019, Rs 1.58 lakh crore were realisable in cases resolved under Corporate Insolvency Resolution Processes.
Newsclick Report
49 Listed Firms Disclosed Debt Defaults Worth Rs 69,140 crore as SEBI Deadline Ends
08 Jan 2020
More than half of the total default amount has been reported by the top four defaulting companies, including Rcom and Religare.
At least Three Rating Agencies Downgraded Ratings for Patanjali’s Bank Loan Facilities in October
14 Nov 2019
Reports suggests that Patanjali group approached several banks which were earlier top lenders of Ruchi Soya to raise funds for the acquisition of Ruchi Soya.
Adani Continues to Grab Power Sector, Gets 2 More Thermal Power Plants
07 Sep 2019
Adani Power claims to have increased its combined thermal power capacity by 19% to 12,410 megawatts.
Newsclick Report
Parliament Passes IBC Amendment Bill That Leaves Key Concerns Unaddressed
29 Jul 2019
Of the total 1857 insolvency cases admitted for resolution under IBC Code, resolution plan was approved in only 94 cases, at a recovery rate of 43%, as of 31 March 2019.
Newsclick Report
Jet Airways: SBI-led Lenders to Move NCLT, Cite Lack of Concrete Rescue Plan
17 Jun 2019
Several government agencies, including IT department and Enforcement Directorate, probing possible financial irregularities by Jet Airways.
Newsclick Report
After Contempt of Court and Failed Spectrum Sale, RCom Opts for Bankruptcy
02 Feb 2019
In May 2018, NCLT initiated a corporate insolvency resolution process on RCom, which was stayed by the NCLAT, letting the company’s management to resolve issues.