Resolution

Securitisation refers to a process that includes the pooling of loans and then selling them to a Special Purpose Entity which then issues securities backed by the loan pool

'Can't take off if relief not granted'

The Consolidated Committee of Creditors (CoC) of twin Srei companies may take two-three days to select the resolution plan from among three bids for the Kolkata-based NBFC entities, a senior official said on Friday. Since Wednesday, the CoC is holding internal meetings besides deliberating with the three -- Varde Partners and Arena consortium, government-backed bad bank NARCL and Authum Investment and Infrastructure -- in Mumbai for Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL). The consortium of Varde Partners and Arena has submitted a bid value of Rs 14,000 crore, while National Asset Reconstruction Co Ltd (NARCL) submitted a resolution worth Rs 13,500 crore. The third bid of Authum Investment and Infrastructure is valued at Rs 7,000 crore, a government official who attended the meeting told PTI. The value of resolution plans could not be independently verified. The total value of resolution plans submitted by the applicants involves upfront cash payout, ..

The three are among 17 entities to have shown interest in the Khaitan-owned Williamson Magor group firm, which is said to owe over Rs 3,700 cr various creditors

Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said their bid for Videocon Industries Limited was approved by the CoC during the insolvency process of the group

The ministers discussed the possibilities for mutual support of their initiatives at the 77th session of the United Nations General Assembly

Proposals call for marketing strategy where total claims exceed Rs 100 cr; creditors can also propose steps to market stressed assets

SPCPL's one-time resolution of debt was unanimously implemented on March 31, 2021 by all the lenders of SPCPL after construction activities came to a grinding halt due to Covid

The Chief Justice of India, N.V. Ramana, said on Saturday that mediation is increasingly gaining prominence in the international commercial sphere as a dispute resolution mechanism.

Board amends CIRP rules to empower resolution professionals to convene a meeting of committee of creditors regardless of whether or not they have made such a request

Plan had been okayed by ICA lenders, awaited non-ICA lenders' nod. Delay was due to Sebi circular on voting by debenture holders. RCFL owes Rs 9,000 cr to lenders

The Supreme Court on Tuesday rejected the challenge of operational creditors on approval of resolution plan of the Reliance Infratel Limited by NCLT

The financial creditors of the debt-ridden Videocon Industries will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan

Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front.

Lenders to troubled mortgage firm Reliance Home Finance (RHF) have extended the inter-creditor agreement (ICA) for another three months.

Indian and Chinese troops have been locked in a bitter standoff in several areas along the Line of Actual Control (LAC) in eastern Ladakh since May 5

Banks to take huge haircuts as the plan proposes to pay only 9.74 per cent of the total admitted Rs 602 crore debt

RCom's secured debt is estimated to be around Rs 33,000 crore

It can be noted that under the IBC, a dud asset case has to be resolved within 180 days, which can be extended to 330 days after the latest amendments.

New framework likely to be introduced even before default happens