After NBCC salvo, Jaypee s CoC to meet on May 24 ahead of voting on Suraksha bid
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After NBCC salvo, Jaypee s CoC to meet on May 24 ahead of voting on Suraksha bidPTI
Last Updated: May 23, 2021, 03:50 PM IST
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On May 20, the Committee of Creditors (CoC) approved Suraksha group s bid and rejected the offer made by NBCC, which on May 22, shot off a strongly-worded letter to JIL s Interim Resolution Professional (IRP) questioning his jurisdiction.
Homebuyers claim amounting to Rs 13,364 crore and lenders claims worth Rs 9,783 crore were admitted last year.
The creditors panel of
Jaypee Infratech Ltd (JIL) will hold a meeting in the morning on May 24 to discuss submissions made by state-owned
IDBI Bank announced that the MTN Bonds rated by S&P and Fitch were fully repaid on 30 November 2020.
In view of the aforesaid, IDBI Bank has decided to terminate the rating engagements/ agreement with S&P and Fitch for various issues made under the MTN Bond Programme.
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CFM Asset Reconstruction Company sole bidder for debt laden JBF Industries
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JBF has been marked as a non performing asset (NPA) for many years now and a bid for the company has come amid a surge in commodity prices giving bankers an opportunity to settle a legacy bad loan which has been 100% provided by most lenders.
Agencies
Ahmedabad-based CFM Asset Reconstruction Co has emerged a surprise bidder for polyester maker
JBF Industries with a Rs 800 crore out-of-court resolution plan to settle the Rs 2,000 crore debt of the stressed company.
JBF has been marked as a non-performing asset by lenders for several years now and a bid for it has come amid a surge in commodity prices, giving bankers an opportunity to settle a legacy bad loan which has been 100% provided by most of them.
Synopsis
The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others.
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Suresh Khatanhar, Deputy Managing Director, IDBI Bank said the LPS integrates with the existing core database, human resource management system, and various other applications of the bank.
NEW DELHI:
IDBI Bank on Wednesday announced the launch of its fully digitised loan processing system, offering over 50 products to MSME and agriculture sector.
The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a release.
NBCC, Suraksha submit revised bids for Jaypee Infra
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Last Updated: May 19, 2021, 05:30 PM IST
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State-owned NBCC and Suraksha group, which are on the fray to acquire Jaypee Infratech Ltd (JIL) through an insolvency resolution process, have submitted their revised bids and have also clarified issues raised by financial creditors.
Agencies
State-owned NBCC and Suraksha group, which are on the fray to acquire
Jaypee Infratech Ltd (JIL) through an insolvency resolution process, have submitted their revised bids and have also clarified issues raised by financial creditors. The companies have also improved their offers, which were submitted to the Committee of Creditors (CoC) on Tuesday.