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Page 2 - Srinivas Singh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kamareddy farmers petition HC against proposed master plan

Kamareddy farmers petition HC against proposed master plan
deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.

Nirsa Azad Ansari a source of inspiration for farmers after Success in mixed farming

Nirsa Azad Ansari a source of inspiration for farmers after Success in mixed farming
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Adityapur nursing home owner sent to jail for threatening probe team | Ranchi News

Promoters willing to infuse funds into McNally Bharat: Srinivas Singh, managing director

Promoters willing to infuse funds into McNally Bharat: Srinivas Singh, managing director SECTIONS Share Synopsis McNally Bharat is among a long list of construction companies to face the prospect of bankruptcy. However, finding buyers for such companies has been difficult under the NCLT route. At least three such companies Lanco Infratech, Punj Lloyd and IVRCL have gone into liquidation after banks took them into insolvency proceedings. Agencies The Khaitan family of Kolkata’s Williamson Magor group is willing to infuse funds into their construction company, McNally Bharat Engineering, even as the company stares at potential bankruptcy after two lenders took it to the National Company Law Tribunal (NCLT), according to a top executive.

Two top lenders file petitions against McNally Bharat in NCLT

Synopsis A consortium of banks that include public sector lenders, private sector banks and foreign banks are owed around ₹4,000 crore by the company. The dues comprise both long term and short term loans as well as non-fund based facilities such as letters of credit and bank guarantees. Agencies McNally Bharat had succeeded in fending off a similar threat of bankruptcy proceedings in 2019 when Tata Capital dragged it to NCLT. Engineering, procurement and construction company McNally Bharat Engineering is facing an Insolvency and Bankruptcy Code (IBC) test as two major financial creditors, Bank of India and Canara Bank, have lodged petitions at NCLT to trigger insolvency proceedings against the company, as per court filings.

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