MIPL, a part of the Jayant Mhaiskar-promoted MEP Infrastructure Developers (MIDL), owes lenders led by IDFC First Bank more than ₹2,600 crore. Its agreement with the Maharashtra State Road Development Corporation (MSRDC) allows the company to collect tolls at all five entry points into Mumbai.
India is optimistic about achieving consensus on several key issues during the two-day G20 finance ministers and central bank governors meeting, including multilateral development bank reforms, debt restructuring, global tax pact, crypto assets, and digital public infrastructure. Discussions on debt resolution seek to ensure it is accomplished more quickly and countries facing debt receive prompt help.
After the promoters of McLeod reach a settlement with a financial creditor, Techno Electric & Engineering, the company could be out of National Company Law Tribunal's insolvency process.
The financier could not survive its failure to come up with a credible debt recast plan. Let’s hope we’re reaching an end to our non-bank-lending crisis and risks will be kept in check
Read more about Tamil Nadu, India s 2nd-most industrialised state, in favour of debt recast on Business Standard. The states inflated debt sale schedule alludes to that possibility. They are scheduled to borrow as much as Rs 1.78 trillion ($25 billion) from the market in the April-June quarter