8 June 2019: Stakeholders in debt-laden Hotel Leelaventure are apprehensive that a deal to sell company assets to Brookfield may go the way of Jet Airways after the market regulator stalled the transaction. The Securities and Exchange Board of India,… Read More ›
28 May 2019: The National Company Law Tribunal (NCLT) Tuesday directed market regulator Sebi to conclude its probe into allegations against Hotel Leelaventure by the company’s two minority shareholders ITC and LIC. The NCLT’s Mumbai bench comprising V P Singh… Read More ›
3 April 2019: In a major development in the IL&FS crisis, the government has of late paid up on sovereign guarantees to Asian Development Bank (ADB) and KfW, a state-run bank of Germany, people in the know of the developments… Read More ›
30 March 2019: Corporates opposing the RBI’s February 12 circular on loans resolutions have submitted to the Supreme Court that the Inter-Creditor Agreement (ICA) among banks as a possible debt resolution framework has failed to take off as the relevant institutions like… Read More ›
14 March 2019: Lenders of debt-ridden Jaypee Infratech on Thursday asked state-owned NBCC Ltd and Suraksha Group to sweeten their offers for acquiring the bankruptcy-bound realty firm, sources said. NBCC, which has the backing of the government to takeover Jaypee… Read More ›
2 March 2019: Lenders of crisis-hit realty developer Jaypee Infratech, in a meeting held on Friday, sought clarity from state-run NBCC on certain legalities and on its bid to acquire the company. NBCC is expected to respond to these queries… Read More ›
28 February 2019: Financial creditors and home buyers of Jaypee Infratech will meet Friday to discuss the bids submitted by state-owned NBCC and Mumbai-based Suraksha group to take over the bankruptcy-bound realty firm and complete stalled projects comprising over 20,000 housing units. A meeting… Read More ›
15 February 2019: State-owned NBCC (India) Ltd. and Mumbai-based Suraksha Group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources said. The value of the bids could not be immediately ascertained. NBCC… Read More ›
ASIA According to Chinese Central Bank’s recent stress test, capital adequacy ratio to be maintained by the overall banking system dropped to 10.89 per cent versus 12.33 per cent. (FoxBusiness/Dow Jones Newswire) INDIA According to the Builders’ Association of India,… Read More ›
The week ends with the markets closing flat in a listless session of trade on the back of flatter global cues. HDFC Bank‘s 1Q12 numbers rose 30 percent, but were in line with expectations, hence, it didn’t have much of… Read More ›
