The shares of this Ambani back stock are in focus after India’s largest commercial bank, State Bank of India, has flagged concerns about the company’s debt profile, which is creating a buzz amongst the investors. With a market capitalization of Rs 434 crores, the shares of Reliance Communications Ltd are currently trading at Rs 1.57…
Home Business Who will be the new owner of JP Associates, the Company drowning in over Rs 570000000000 debt? Adani, Jindal Vedanta, Dalmia emerge among bidders The company was taken to insolvency proceedings after the conglomerate defaulted on payment of loans. Creditors are claiming a total of a staggering Rs. 57,185 crore to banks and financial…
Lodha Developers Ltd has been directed to deposit Rs 520.80 crore as security in relation to an ongoing case in the Supreme Court against V Hotels Ltd, which the company acquired last year through an insolvency process. In a regulatory filing on Wednesday, Lodha Developers Ltd informed that this matter is related to proceedings initiated…
The High Court dismissed an application brought by three directors to intervene and oppose a winding-up petition, ruling that their application was flawed and had no legal basis. KUALA LUMPUR: The High Court has ruled that the former directors of TH Heavy Engineering Bhd (THHE) had no legal standing to oppose a petition brought by…
The High Court dismissed an application brought by three directors to intervene and oppose a winding-up petition, ruling that their application was flawed and had no legal basis. KUALA LUMPUR: The High Court has ruled that the former directors of TH Heavy Engineering Bhd (THHE) had no legal standing to oppose a petition brought by…
Dartbrook coal mine plunges into administration after defaulting on $174 million loan MSN Read the original article here
Malik Beasley seems destined to be the ultimate cautionary tale in the NBA. A player with $60M in career earnings, with a massive contract on the table, managed to find himself so far in debt that his dentist was garnishing his wages, which may have contributed to Beasley becoming embroiled in an alleged point shaving…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
Debt relief eyed for climate-vulnerable countries BusinessMirror Read the original article here
A total of P1.834 billion worth of land amortization debt has been condoned for Agrarian Reform Beneficiaries (ARBs) in Negros Island Region (NIR). This relief covers 8,860.15 hectares of land and was formalized through the distribution of 19,244 Certificates of Condonation with Release of Mortgage (CoCrom) freeing 11,179 ARBs from decades of agrarian debts. Department…