Page 3 - Debt Resolution

With McLeod Russel out of CIRP, lenders may restart debt resolution process

Sources close to the development said, barring a few banks, most had signed intercreditor agreement

Lowest offer for debt-laden Reliance Naval at 3% of total dues

Lenders, staring at huge haircut, seek legal opinion

IBBI amends regulations for insolvency process to enhance transparency

Seeking to enhance transparency in insolvency process, IBBI has amended regulations for corporate insolvency proceedings

Only nine large firms' debt of Rs 59,000 crore recast by banks so far

Kamath panel approved all the nine proposals of banks

Best of BS Opinion: Bad loan resolution, Covid-19 vaccines, and more

Here are the best of Business Standard's opinion pieces for Monday

Haircuts and settlements

Gaming the system leads to losses to lenders

Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI

Total haircut of 95.85% to all the creditors in Videocon resolution plan

VIL shares have been rising on the exchanges for the past few days after the announcement of Anil Agarwal's resolution plan.

RattanIndia Power repays Rs 1,219 cr debt in last 15 months despite Covid

RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the Covid-19

Jaypee Infra: Lenders to vote on Suraksha, NBCC offers from June 14

In the CoC meeting, resolution professional asked NBCC to first get permission from Yamuna Express Industrial Development Authority (YEIDA) for its offer to transfer part of land bank to the lender.

Debt-ridden DHFL's shares may get delisted post acquisition by Piramal

The Mumbai-bench of the National Company Law Tribunal (NCLT) on Monday gave its conditional approval to Piramal Group's bid for DHFL.

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report

The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.

Suraksha Group seeks more time to submit final bid for Jaypee Infratech

This is the fourth round of the bidding process in the matter of JIL bankruptcy case.

Religare Finvest's revised debt restructuring plan enters final stage

RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business

Long wait for banks and homeowners on Jaypee Infra debt resolution

CoC to vote on NBCC's offer today

Bad loans: SC allows banks to invoke personal guarantees of defaulters

Apex court says approval of resolution plan does not ipso facto discharge a personal guarantor (of a corporate debtor) of his or her liabilities under contract of guarantee

Kapil Wadhawan's 2nd proposal must be tested on merit, put to vote: NCLT

Directs administrator to place proposal before the CoC and inform the outcome within 10 days

About 3,400 rated firms eligible for recast under fresh rules: CRISIL

Actual number of units going for recast could be much lower as the impact of pandemic might be contained over next 2-3 months, says rating agency

Future Retail lenders okay debt recast plan with repayment up to two years

Interest accrued between March 1, 2020, and September 30, 2020, will be converted into Funded Interest Term Loan, payable by December 2021

Reliance Communication headed for liquidation after NCLAT judgment

Debt resolution only after clearance of govt dues, says tribunal