New Delhi, Mar 12 (PTI) Jaiprakash Associates Ltd, which is undergoing an insolvency process, on Wednesday said that a consortium of lenders has transferred their outstanding loans to National Asset Reconstruction Company Ltd (NARCL). Jaiprakash Associates Ltd (JAL) in a regulatory filing informed that the consortium of lenders of the company have “assigned/transferred their outstanding debt/financial…
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New Delhi, Mar 12 (PTI) Jaiprakash Associates Ltd, which is undergoing an insolvency process, on Wednesday said that a consortium of lenders has transferred their outstanding loans to National Asset Reconstruction Company Ltd (NARCL). Jaiprakash Associates Ltd (JAL) in a regulatory filing informed that the consortium of lenders of the company have “assigned/transferred their outstanding debt/financial…
Translated by Nicola Mira Published March 12, 2025 … Read the original article here
ALOR SETAR, March 12 — The Malaysian Fire and Rescue Department has taken disciplinary action against 13 of its firefighters who have been declared bankrupt since 2020. Its director-general, Datuk Nor Hisham Mohammad said several factors led them to be declared bankrupt, mostly for becoming guarantors to loan borrowers. “There is also one (staff) whose…
Translated by Nicola Mira Published March 12, 2025 … Read the original article here
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The debt assignment marks a crucial step in addressing one of India’s longest-running corporate debt resolutions. JAL, classified as a non-performing asset since 2016, was admitted to insolvency proceedings last year. The Rs 12,000-crore transaction involves a State Bank of India-led consortium of 25 lenders, including major public and private sector banks and financial institutions.…