Twelve investors, including Aditya Birla ARC, Asset Reconstruction Company India (Arcil), ASREC, Invent ARC, Omkara ARC, Phoenix ARC, UV ARC, Alchemist ARC and Prudent ARC have shown preliminary interest to acquire bad loans of IDBI Bank amounting to Rs 8,842 crore., , asset reconstruction companies, idbi bank, loans, Net NPAs (non-performing assets)
Around twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alchemist ARC, Phoenix ARC, and Prudent ARC, have shown preliminary interest in acquiring IDBI Bank s bad loans amounting to ₹8,842 crore. These distressed assets span 12 accounts, including VOVL, Jaiprakash Associates, and Wind World India.
In March 2023, the National Company Law Tribunal has approved the resolution plan submitted by the Mumbai-based Suraksha Group for Jaypee Infratech through the insolvency process, raising hopes for more than 20,000 homebuyers waiting for their apartments in Noida for over a decade.
Jaiprakash Associates seeks SC nod to hive off Yamuna Expressway toll asset rights to generate Rs 2000 cr
Jaiprakash Associates seeks SC nod to hive off Yamuna Expressway toll asset rights to generate Rs 2000 cr
Real Estate Major Jaiprakash Associates (JAL) On Monday Sought Permission From The Supreme Court To Sell Off Its Multi-crore Yamuna Expressway Toll Asset Rights To Generate Rs 2,000 Crore That It Is Supposed To Deposit To Cover Part Of Its Subsidiary Jaypee Infratechâs Liability Towards 32,000 Homebuyers.
News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 24 Oct 2017, 11:14:24 AM
New Delhi:
Real estate major Jaiprakash Associates (JAL) on Monday sought permission from the Supreme Court to sell off its multi-crore Yamuna Expressway toll asset rights to generate Rs 2,000 crore that it is supposed to deposit to cover part of its subsidiary Jaypee Infratech’s liability towards 32,000 homebuyers.