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Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle out” the debt restructuring process of the IL&FS group’s thermal power
The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications by SBI against the liquidation value of IL&FS Tamil Nadu Power Company Ltd (ITPCL) provided by the debt-ridden firm s lead banker PNB. The tribunal found no error in fixing the liquidation value as of 30.09.2018, as per the RBI circular. Over 90% of lenders by value and 75% by numbers have already approved the ITPCL restructuring plan.
Lenders to McLeod Russel form panel to appoint credit rating agency : Rashtra News #Lenders #McLeod #Russel #form #panel #appoint #credit #rating #agency The lenders have entrusted LSI Financial Services for revisiting the viability of operations of the company. Lenders to troubled tea maker McLeod Russel, part of financially stressed Williamson Magor Group, have formed […]
Even by the staid standards of the regulator, the glacial pace and unspoken reluctance with which Reserve Bank of India (RBI) issued the diktat to supersede the board of Reliance Capital Ltd on 29 November 2021, the development has been little commented upon in the media that ran headlines on it.