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Navy cancels Reliance Naval's Rs 2,500-cr NOPV contract

The Indian Navy has cancelled Reliance Naval and Engineering Ltd's (RNEL) Rs 2,500-crore naval offshore patrol vessels (NPOVs) contract, owing to delay in delivery of the vessels, according to......

Coffee Day stares at bankruptcy as asset sale fails to make headway

Attributing the delay in debt servicing to a liquidity crisis, the company said its total indebtedness was Rs 518 crore. The lenders to Coffee Day Enterprises Ltd (CDEL), which owns and operates a......

Tata-Mistry spat: What it means for minority and small shareholders

Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies. The Supreme Court order in the Tata-Mistry case has put the spotlight......

Future-RIL deal: Amazon moves SC for stay on Delhi HC order

Amazon has moved the Supreme Court challenging the Delhi high court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale......

IL&FS sells environment biz to pare Rs 1,200 cr debt

Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to......

Oyo appeals against subsidiary facing insolvency proceedings

The National Company Law Tribunal has directed to start insolvency proceedings against OYO Hotels and Homes Pvt Ltd on March 30, according to a public announcement by the interim resolution......
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Assocham to govt

In a representation to the Finance Ministry, the chamber said that given the increasing pressure on businesses, it would be imperative to extend... ...

https://economictimes.indiatimes.com/news/economy/policy/reimpose-moratorium-on-taking-cos-to-nclt-under-ibc-due-to-covid-assocham-to-govt/articleshow/82102432.cms
Coffee Day stares at bankruptcy as asset sale fails to make headway

Attributing the delay in debt servicing to a liquidity crisis, the company said its total indebtedness was Rs 518 crore. The lenders to Coffee Day... ...

http://www.rediff.com/money/report/coffee-day-stares-at-bankruptcy-as-asset-sale-fails/20210415.htm
Srinivas Singh, managing director

McNally Bharat is among a long list of construction companies to face the prospect of bankruptcy. However, finding buyers for such companies has... ...

https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/promoters-willing-to-infuse-funds-into-mcnally-bharat-md/articleshow/82072171.cms
Aircel lenders to move SC against NCLAT order

Lenders to Aircel and UV Asset Reconstruction, which was to take over the defunct telco’s assets under the insolvency process, are planning to... ...

https://economictimes.indiatimes.com/industry/telecom/telecom-news/aircel-lenders-uvarcl-to-move-sc-as-nclat-bars-spectrum-sale/articleshow/82075912.cms
Two top lenders file petitions against McNally Bharat in NCLT

A consortium of banks that include public sector lenders, private sector banks and foreign banks are owed around ₹4,000 crore by the company. The... ...

https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/two-top-lenders-file-petitions-against-mcnally-bharat-in-nclt/articleshow/82055213.cms

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