Banks are staring at a reduced scope of recovery from bankrupt and insolvent borrowers as a Supreme Court order has recognised tax departments and gov.
Banks are concerned about a recent Supreme Court ruling regarding India s Insolvency and Bankruptcy Code (IBC), which places tax departments and government agencies on par with secured creditors. The ruling has raised worries that tax authorities may claim a significant portion of the recovery, potentially compromising financial lenders interests and altering the priority of government dues.
DGCA will wait for court directives before proceeding on the matter; court endorsement could lead to return of planes to lessors, affecting Go First s operations.
First National Financial (TSE:FN – Get Free Report) had its price target upped by research analysts at CIBC from C$37.00 to C$40.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 3.82% from the stock’s current price. Other equities analysts have also issued […]
Secure Energy Services (TSE:SES – Get Free Report) had its target price lifted by research analysts at CIBC from C$8.00 to C$8.50 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 7.46% from the stock’s current price. SES has been the topic of a number of other […]