Corporate debt restructuring: Recast packages worth Rs 42000 crore under the mechanism failed in 2016 – The Indian Express

Written by George Mathew | Mumbai | Published:March 7, 2017 1:39 am The revival plans of banks to recover their funds stuck with stressed borrowers dont seem to be working with corporate debt restructuring (CDR) packages of 264 borrowers worth Rs 1,25,093 crore of loans failing and turning into bad assets. Of this as much…

EXCLUSIVE: Business Rocks cancelled as company goes into liquidation – Prolific North

News By Simon Austin 6 March 2017 Business Rocks 2017 has been cancelled after the company behind the event went into liquidation. The May event was rendered unsustainable after commercial partnerships and visitor numbers fell significantly below expectations. Wozniak was driven to the 2016 event in a convertible Rolls Royce Majority shareholder Scott Fletcher, who…