Written by Karunjit Singh , Edited by Explained Desk | New Delhi | June 8, 2021 10:15:44 am The Mumbai bench of the Nation Company Law Tribunal (NCLT) on Monday approved the Piramal Groups Rs 37,250 crore bid for debt-ridden Dewan Housing Finance Ltd (DHFL). The NCLT gave a conditional nod to the bid, which…
International air crew were eligible for the vaccine in phase 1A of the rollout. A spokesman for the Department of Prime Minister and Cabinet said: Throughout the pandemic, the Australian government has regularly engaged with key partners in the business sector to ensure we maximise economic and social opportunities as the vaccine rollout progresses. Mr…
As part of his firms latest advice on the topic, Sam Pedley, a partner and award-winning insolvency expert at mfg Solicitors, runs through the main changes and the delicate balancing act of helping businesses to survive. The Corporate Insolvency and Governance Act 2020 brings into effect the most significant changes to UK insolvency law in…
MUMBAI : Financial creditors may realise 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of…
The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common. TopicsIBC|IBC resolution|debt resolution Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation…
While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT TopicsDHFL|Housing Finance|NCLT Mortgage lender Dewan Housing Finance Limited (DHFL) has reported a net profit of Rs 97 crore on a standalone basis…
Dewan Housing Finance Ltd (DHFL) on Sunday reported widening of its FY21 consolidated net loss to Rs 15,051.17 crore as compared with a loss of Rs 13,426.85 crore in FY20. Total income declined to Rs 8,802.79 crore in FY21 from Rs 9,578.85 crore in FY20. However, the company, which is under corporate insolvency process, posted…
Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. TopicsTata Steel|Mining industry Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said…
New Delhi: Dewan Housing Finance Corporation ( ) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021. The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal. The…
Dewan Housing Finance Corporation Ltd (DHFL) reported a consolidated net profit of Rs 96.75 crore for the fourth quarter of 2020-21 as against a net loss of Rs 7,507.01 crore a year ago. For the full fiscal 2020-21, it had a consolidated net loss of Rs 15,051.17 crore compared to a net loss of Rs…