The Committee of Creditors (CoC) of Reliance Capital (RCAP) has approached the National Company Law Appellate Tribunal (NCLAT) seeking the forfeiture of ₹2,750 crore from IndusInd International Holdings Ltd (IIHL) in the event of a default on its part.

The CoC has also requested that the tribunal direct IIHL to pay interest at a rate of 16.6% per annum on the entire upfront payment of ₹9,660 crore from May 27, 2024, to August 8, 2024. CNBC-TV18 has reviewed a copy of the petition filed by Reliance Capital’s CoC.

In its appeal, the CoC argued that the entire amount was originally supposed to be received by the creditors by May 27, 2024. The CoC highlighted that the current interest rate on certain bonds of Reliance Capital, which…

(Bloomberg) — Bangladesh’s new central bank governor said the country is seeking an additional $3 billion from the International Monetary Fund as it looks to recover from recent political turmoil, and is buying dollars from local banks to meet unpaid debt. 

The South Asian country has begun talks with the Washington-based IMF for the additional loan, central bank Governor Ahsan H. Mansur said in an interview in the capital Dhaka. Bangladesh secured $4.7 billion in funding from the IMF last year. 

The country is only just emerging from weeks of upheaval following deadly protests that forced the ouster of Prime Minister Sheikh Hasina earlier this month. Bangladesh is also in talks with the World Bank, the Asian Development Bank and the…

Bangladesh’s new central bank governor said the country is seeking an additional $3 billion from the International Monetary Fund as it looks to recover from recent political turmoil, and is buying dollars from local banks to meet unpaid debt.

The South Asian country has begun talks with the Washington-based IMF for the additional loan, central bank Governor Ahsan H. Mansur said in an interview in the capital Dhaka. Bangladesh secured $4.7 billion in funding from the IMF last year.

Bangladesh’s new central bank governor said the country is seeking an additional $3 billion from the International Monetary Fund as it looks to recover from recent political turmoil, and is buying dollars from local banks to meet unpaid debt.

The South Asian country has begun talks with the Washington-based IMF for the additional loan, central bank Governor Ahsan H. Mansur said in an interview in the capital Dhaka. Bangladesh secured $4.7 billion in funding from the IMF last year.

Have you recently moved to Canada? As a newcomer, while settling into your new life, your financial needs may evolve. From paying for everyday expenses to financing your new home and car, there may be a lot to consider. Planning your borrowing strategy ahead of time might be one of the ways to know your options in advance.

Learn more about TD New to Canada Banking Package

To get you started, this article aims to help you understand personal lending products available in Canada and specifically at TD that should be considered. We hope it may be a useful reference to help guide you through various stages of your borrowing journey.

1. Pre-arrival Financial Planning

Getting prepared in advance:

Before arriving here, it may be a…

Bangladesh’s new central bank governor said the country is seeking an additional $3 billion from the International Monetary Fund as it looks to recover from recent political turmoil, and is buying dollars from local banks to meet unpaid debt.

The South Asian country has begun talks with the Washington-based IMF for the additional loan, central bank Governor Ahsan H. Mansur said in an interview in the capital Dhaka. Bangladesh secured $4.7 billion in funding from the IMF last year.

DES MOINES, Iowa (KCCI) – Some school districts in Iowa are reporting thousands of dollars in unpaid lunch accounts.

With the first day of school approaching, one man is calling on others to help pay off lunch debts, just like he did in his community.

School lunch is considered a learning necessity.

“When students are fed, they perform better in the classroom,” childhood nutritionist Kaitlyn Scheuermann said.

So, even when a child can’t pay, schools in central Iowa feed them, but the deficit in dollars unpaid is adding up.

That’s where Rick Vernon stepped up.

“I called the superintendent of schools, Tom Messinger, discussed this with him, and he said it was definitely a problem,” Vernon described.

The Newton Schools alumnus found…