ICICI Bank board will meet today to review the insolvency cases pending before the National Company Law Tribunal, and other routine matters. This is the first time ICICI Bank board will meet after the controversy over alleged conflict of interest involving its CEO Chanda Kochhar and Videocon group broke out. The private sector lender pointed…
Hyderabad bench of National Company Law Tribunal (NCLT) has initiated the insolvency resolution process for Lanco Teesta Hydro Power Private Limited in a petition filed by the company’s lead bank ICICI Bank Limited under section 7 of Insolvency and Bankruptcy Code(IBC). The company failed to repay project loan dues of…
Eddie Cross is the Movement for Democratic Change (MDC-T) MP for Bulawayo South BULAWAYO South legislator Edie Cross (pictured) has mocked former First Lady Grace Mugabe over her recent spate of misfortunes, saying she must not cry foul as she had also grabbed several properties from powerless individuals during her husband former President Robert Mugabes…
Kolkata, March 31 (IANS) In the battle to taking over insolvent Electrosteel Steels, Vedanta Ltd, one of the bidders, on Saturday said it has been declared successful resolution applicant under the insolvency process and has received the letter of Intent (LoI). The Anil-Agarwal led company has accepted the terms of the LoI. Following a direction…
In the battle to taking over insolvent Electrosteel Steels, Vedanta Ltd, one of the bidders, on Saturday said it has been declared “successful resolution applicant” under the insolvency process and has received the letter of Intent (LoI). The Anil-Agarwal led company has “accepted” the terms of the LoI. Following a direction from the…
The IBC amendments under consideration of the corporate affairs ministry were proposed by a panel led by corporate affairs secretary Injeti Srinivas. New Delhi: Indias bankruptcy law, the Insolvency and Bankruptcy Code (IBC), is set for a major overhaul as policymakers seek to decisively deal with business failures that slow down expansion in Asias third-largest…
Vedanta Limited on Saturday informed stock exchanges that it had received a letter of intent (LoI) for Electrosteel Steels. Vedanta had accepted the terms of the LoI and closure of the transaction would be subject to compliance with applicable regulatory requirements and in accordance with the final terms approved by…
BULAWAYO South legislator Edie Cross (pictured) has mocked former First Lady Grace Mugabe over her recent spate of misfortunes, saying she must not cry foul as she had also grabbed several properties from powerless individuals during her husband former President Robert Mugabes reign. By NQOBANI NDLOVU This came amid reports that illegal artisanal miners invaded…
Every visitor to Kyiv knows Andriyivsky Uzviz. This meandering, cobblestoned street snakes down a hill from the city center to the historic Podil neighborhood, and boasts notable landmarks such as Saint Andrews Church and the house of the famous writer Mikhail Bulgakov. With an abundance of cafes, theaters, art galleries, and gift shops, the street…