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Franchetti S p A : Board of Directors calls the Extraordinary Shareholders Meeting to vote on increasing the votes allocated to multi-vote shares from 3 to 10 and on a proxy proposal to increase the share capital by a maximum total of Euro 10 million

Exprivia S p A : Registration of the resolution to merge Exprivia into Abaco3 and start of the withdrawal period

Exprivia S p A : Registration of the resolution to merge Exprivia into Abaco3 and start of the withdrawal period
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ITPCL debt restructuring: NCLAT rejects SBI objection on liquidation value provided by PNB

Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL  provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle out” the debt  restructuring process of the IL&FS group’s thermal power

debt restructuring: ITPCL debt restructuring: NCLAT rejects SBI s objection on liquidation value provided by PNB

The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications by SBI against the liquidation value of IL&FS Tamil Nadu Power Company Ltd (ITPCL) provided by the debt-ridden firm s lead banker PNB. The tribunal found no error in fixing the liquidation value as of 30.09.2018, as per the RBI circular. Over 90% of lenders by value and 75% by numbers have already approved the ITPCL restructuring plan.

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