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Swiggy hires Abhishek Shetty as marketing lead- Swiggy Instamart and Pvt Brands

Swiggy hires Abhishek Shetty as marketing lead- Swiggy Instamart and Pvt Brands
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NARCL offers INR 270 cr for Pink City Expressway, recovery likely at 15%, ET Auto

The offer is the first from NARCL to banks in more than four months and the first since changes in the top management of the bad bank. Former SBI managing director Diwakar Gupta took over as NARCL chairman in early December, months after Karnam Sekar quit in August amid differences over the functioning of the institution.

United arab emiratesAndhra pradeshDiwakar guptaNatarajan sundarKarnam sekarPink city expressway private limitedCanara bankEmirates trading agencyNational asset reconstruction coGroup of hyderabadState bankPink city expresswayDelhi jaipur highwayNational asset reconstruction co

NARCL offers ₹270 cr for Pink City Expressway, recovery likely at 15%

The government-backed bad loan aggregator, National Asset Reconstruction Co (NARCL), has made a ₹270 crore offer for Pink City Expressway Private Limited (PCEPL), the company which was formed to build, operate and maintain the six-lane Gurugram-Kotputli-Jaipur section of the Delhi-Jaipur highway. PCEPL has ₹1,761 crore of outstanding loans and another ₹30 crore of bank guarantees. The bad bank acquires loans by paying 15% of the amount in cash and the rest in security receipts (SRs), which are to be matched with recovery over time.

United arab emiratesAndhra pradeshKarnam sekarDiwakar guptaNatarajan sundarEmirates trading agencyCanara bankNational asset reconstruction coPink city expressway private limitedGroup of hyderabadState bankPink city expresswayDelhi jaipur highwayOutstanding loansBad loansBad banks

Arbitration Angle - 2023 Edition

It is my distinct pleasure to welcome you to the inaugural edition of Arbitration Angle, Bennett Jones' arbitration newsletter. As the head of our…

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Arbitrating Premature Claims: An Issue of Admissibility | King & Spalding

The question of whether a party’s failure to comply with a mandatory step in a multi-tiered dispute resolution clause is an issue of “admissibility” or “jurisdiction” was a hot topic in.

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