Page 5 - Indian Bank Rs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Indian bank rs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Indian Bank Rs Today - Breaking & Trending Today

DHFL lenders approve Piramal bid for resolution plan

DHFL lenders approve Piramal bid for resolution plan
DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company s board was superseded and R Subramaniakumar was appointed as the administrator
BusinessToday.In | January 17, 2021 | Updated 22:27 IST
The creditors of beleagured mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) have approved the resolution bid submitted by Piramal Capital and Housing Finance Limited. The decision was taken at the 18th committee of creditors (CoC) meeting held on January 15, 2021.
The e-voting on resolutions pursuant to the 18th meeting of the Committee of Creditors of the company concluded on January 15, 2021 at 8 pm IST and the resolution plan submitted by Piramal Capital and Housing Finance Limited (under Option I in terms of the RFRP dated September 16, 2020) was duly approved by CoC by majority voting under section 30(4) of the Insolvency and Bankruptcy Code read wit ....

Dewan Housing Finance Corporation Ltd , Bank Rs , Syndicate Bank Rs , Housing Finance Limited Under Option , Indian Bank Rs , Committee Of Creditors , Canara Bank Rs , Central Bank Rs , Union Bank Rs , National Housing Board , National Company Law Tribunal , Housing Finance , Dewan Housing Finance Ltd , Piramal Capital , Housing Finance Limited , Bankruptcy Code , Oaktree Capital , Reserve Bank , Canara Bank , Union Bank , Syndicate Bank , Indian Bank , Central Bank , Dhfl Latest News , Dhfl Piramal , Dhfl Share News ,

DHFL resolution: Lenders back Piramal's bid- Business News

DHFL resolution: Lenders back Piramal s bid
Piramal Enterprises bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital
PTI | January 16, 2021 | Updated 00:42 IST
Piramal Enterprises bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said.
Piramal Enterprises bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital.
Voting was done on various parameters, including qualitative and quantitative.
After this, the Committee of Creditors (CoC) is likely to meet to take a final call and send its recommendation to the NCLT, the sources added. ....

Bank Rs , Committee Of Creditors Co , Syndicate Bank Rs , Indian Bank Rs , Canara Bank Rs , Central Bank Rs , Union Bank Rs , National Housing Board , National Company Law Tribunal , Dewan Housing Finance Ltd , Piramal Enterprises , Piramal Enterprise , Oaktree Capital , Reserve Bank , Bankruptcy Code , Canara Bank , Union Bank , Syndicate Bank , Indian Bank , Central Bank , Committee Of Creditors , R Subramaniakumar , Sbi Singapore , Bank Of In , வங்கி ர்ச் , குழு ஆஃப் கடன் வழங்குநர்கள் இணை ,

DHFL case: 63 Moons seeks Rs 30,000 cr payback to NCD, FD holders

DHFL case: 63 Moons seeks Rs 30,000 cr payback to NCD, FD holders
DHFL
Currently, DHFL is undergoing insolvency resolution process under the Insolvency and Bankruptcy Code (IBC).
According to 63 Moons, if banks accept 37-40 per cent recovery and take the rest by invoking personal guarantees of the erstwhile promoters, the NCD and FD holders will have to forgo as much as 60 per cent of their principle amount which is contrary to law.
Unless the Non-Convertible Debenture (NCD) and Fixed Deposit (FD) holders file separate applications seeking refund from the recovery, they will have to take haircut to the tune of Rs 50,000 crore since under the current insolvency process lenders have the first right over their exposure, 63 Mooons said in a statement. ....

Bank Rs , Syndicate Bank Rs , Indian Bank Rs , Canara Bank Rs , Central Bank Rs , Union Bank Rs , National Company Law Tribunal , Piramal Enterprises , Bankruptcy Code , Non Convertible Debenture , Fixed Deposit , Grant Thornton , Oaktree Capital , Reserve Bank , Canara Bank , Union Bank , Syndicate Bank , Indian Bank , Central Bank , வங்கி ர்ச் , கூட்டமைப்பு வங்கி ர்ச் , இந்தியன் வங்கி ர்ச் , கனரா வங்கி ர்ச் , மைய வங்கி ர்ச் , தொழிற்சங்கம் வங்கி ர்ச் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் ,

Oaktree provides unconditional, implementable plan for DHFL resolution

US-based Oaktree Capital has said its revised bid for the debt-ridden DHFL is unconditional and comes with a commitment of fresh capital infusion of Rs 1,000 crore for the revival of the company.
According to sources, Oaktree in a letter dated January 6 to members of the Committee of Creditors (CoC) and administrator of DHFL said the resolution plan offers a clean structure for all stakeholders.
During our discussion with the legal counsel of the Administrator and the CoC, we were informed that we could not impose any conditions to the implementation of our resolution plan in any manner. As a result, all terms of our resolution plan that could be considered as conditions were deleted, it said. ....

Gross Npas , Bank Rs , Committee Of Creditors Co , Syndicate Bank Rs , Indian Bank Rs , Canara Bank Rs , Central Bank Rs , National Housing Board , National Company Law Tribunal , Dewan Housing Finance Limited , Piramal Enterprises , Union Bank , Oaktree Capital , Pramerica Life Insurance , Reserve Bank , Bankruptcy Code , State Bank , வங்கி ர்ச் , குழு ஆஃப் கடன் வழங்குநர்கள் இணை , கூட்டமைப்பு வங்கி ர்ச் , இந்தியன் வங்கி ர்ச் , கனரா வங்கி ர்ச் , மைய வங்கி ர்ச் , தேசிய வீட்டுவசதி பலகை , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , திவான் வீட்டுவசதி நிதி வரையறுக்கப்பட்டவை ,

DHFL May Get A New Owner By January-end; Advantage Piramals Due To 'local' Factor

DHFL may get a new owner by January-end; advantage Piramals due to ‘local’ factor
CoC meeting underway to decide the winner as Piramals and Oaktree submit almost at par bids.
DHFL (File Image: PTI)
The crucial voting to decide the winning bidder for beleaguered mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) has begun among the committee of creditors (CoC) and is due to be wrapped up by January 15.
After the voting ends, the winning bidder may be announced by the end of January, said two persons familiar with the process.
Piramal Enterprises, a diversified Indian conglomerate, and American asset management company Oaktree have both made bids in the range of Rs 37,000-38,000 crore. The cash components are also almost identical, at about Rs 17,000 crore each. ....

United States , Kapil Wadhawan , Dewan Housing Finance Corporation Ltd , Bank Rs , Syndicate Bank Rs , Indian Bank Rs , Canara Bank Rs , Central Bank Rs , Adani Group , Piramal Enterprises , Union Bank , File Image , State Bank , Central Bank , Shaktikanta Das , ஒன்றுபட்டது மாநிலங்களில் , கபில் வாதவன் , திவான் வீட்டுவசதி நிதி நிறுவனம் லிமிடெட் , வங்கி ர்ச் , கூட்டமைப்பு வங்கி ர்ச் , இந்தியன் வங்கி ர்ச் , கனரா வங்கி ர்ச் , மைய வங்கி ர்ச் , அதானி குழு , பிரமல் நிறுவனங்கள் , தொழிற்சங்கம் வங்கி ,