IDBI Bank hopes to recover about 15-18% from the portfolio sale, one of the people said. It has 631 accounts with principal loans of ₹4,000 crore. These include Daewoo Motors, Malvika Steel, Mardia Chemicals, Modi Rubbers, Precision Fasteners, Rajinder Steels, Steel Tubes of India, Surana Oil, Usha Ispat and Western India Shipyard. The distressed asset portfolio sale comes around the time when the promoters of the bank are preparing to sell a part of their stake. Life Insurance Corporation holds 49.2% of the bank, while the government owns 45%. Together, they plan to offload a 60.7% stake.
Supreme Court IBC | Section 9 Petition Not To Be Dismissed If Few Invoices Are Time Barred But Remaining Invoices Are Not; Supreme Court Case Title: M/S Next Education India Pvt. Ltd. v M/S.
Supreme Court IBC | Section 9 Petition Not To Be Dismissed If Few Invoices Are Time Barred But Remaining Invoices Are Not; Supreme Court Case Title: M/S Next Education India Pvt. Ltd. v M/S.
The National Company Law Tribunal (“NCLT”), Hyderabad Bench, comprising of Shri Dr. N. V. Rama Krishna Badarinath (Judicial Member) and Shri Satya Ranjan Prasad (Technical Member), while.
IDBI Bank net profit surges 318 per cent to ₹603 crore in Q1FY22 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.