Results for India
- Fixing Bankruptcy, Insolvency Laws
The Bankruptcy Law Reforms Committee (BLRC), while submitting its report to the government earlier this month, had recommended the need for a single code to resolve insolvency for all companies, limited liability partnerships, partnership firms and indiv ...
Daily Headline - global.abi.org - 11/22/2015 - 18:47 - 0 comments
- Strategic Restructuring Option On The Table At Essar Steel
Creditors of integrated steel producer Essar Steel Ltd may consider conversion of debt into equity under the strategic debt restructuring (SDR) route should the company not succeed in its attempt to monetize assets or bring on board a strategic investor, ...
Daily Headline - global.abi.org - 11/18/2015 - 22:59 - 0 comments
- India Moves Towards Long-Awaited Bankruptcy Reform With Draft Bill
India's government on Wednesday published long-awaited proposals to overhaul an outdated and overburdened bankruptcy process, calling for public comment on what could become the country's first unified bankruptcy code. The proposed bill aims to ...
Daily Headline - global.abi.org - 11/04/2015 - 21:13 - 0 comments
- Bond Default Complicates Things For Amtek
After its bond payment default, Amtek Auto is likely to find it difficult to get more funding from lenders, the Business Standard reported. Loans given earlier to the Delhi-based automobile components maker are now classified as Special Mention Accou ...
Daily Headline - global.abi.org - 09/23/2015 - 21:10 - 0 comments
- Bhushan Steel Gets Lenders Nod for Rs 30,000-Crore Loan Restructuring
Bhushan Steel Ltd (BSL) has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of Reserve Bank of India. The Joint Lenders Forum (JLF) has agreed to extend the loans of BSL for a tenure of 25 years u ...
Daily Headline - global.abi.org - 07/08/2015 - 17:19 - 0 comments
- India: New Debt Restructuring Opportunities in India?
It has long proved difficult to deal with financially distressed companies in India. One of the main reasons is the many tools available to the existing management of a company to prevent an external creditor from taking control over the company. On June ...
Resource Article - abi_admin - 07/03/2015 - 08:30 - 0 comments - 0 attachments
- India Infrastructure: Built On Debt
Welcome to what is likely India’s largest ghost city, which extends across five expansive parcels of land along the highway adjacent to the racetrack. What was meant to be the crowning achievement of Jaypee Group and Jay Prakash Gaur, its 85-year-old pat ...
Daily Headline - global.abi.org - 06/22/2015 - 22:08 - 0 comments
- Reserve Bank Of India Announces New Measures On Debt Restructuring By Lenders
The Reserve Bank of India has provided banks, which are struggling to cope with a mountain of bad debt, new ammunition to deal with defaulting companies, The Economic Times reported. On Monday, the banking regulator issued new norms for Strategic Deb ...
Daily Headline - global.abi.org - 06/08/2015 - 21:04 - 0 comments
- RBI Governor Blasts Lenders For ‘Sitting On Money’
Facing calls to explain why banks had largely failed to pass on to consumers and businesses two policy rate cuts this year, Raghuram Rajan, the normally easy-going governor of the Reserve Bank of India, launched a rare attack. “Banks are sitting on money ...
Daily Headline - global.abi.org - 04/21/2015 - 20:02 - 0 comments
- With Empty Treasury, State Government Is Close To Insolvency
The state of Jammu Kashmir is heading towards insolvency as its treasury is empty, The Tribune reported. About 50 per cent of the government employees, pensioners, daily wagers and casual labourers have not received salaries. “It is a grim situation ...
Daily Headline - global.abi.org - 04/14/2015 - 21:05 - 0 comments