SC upholds homebuyers’ status as financial creditors
The latest Supreme Court judgement upholding amendments in IBC gives far reaching powers to homebuyers. Experts say it increases the ease of doing business.
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JSW’s power play
JSW Energy joint managing director and CEO Prashant Jain is bullish on the power sector despite its turmoil.
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
IL&FS’ Satyam moment
Nine years after the Satyam Computer Services fiasco, IL&FS finds itself in a similar situation, in need of a bailout from the government to prevent the contagion from spreading further.
Government takes charge of IL&FS
The National Company Law Tribunal allows the government to take control of crisis-hit Infrastructure Leasing & Financial Services (IL&FS); Uday Kotak to head the new board.
SC to hear cases on insolvent power companies on November 11
The top court has ordered a status quo on High Courts making a judgement in cases challenging the Reserve Bank of India’s February 12 circular.
Shivinder drags brother Malvinder to NCLT
Former Ranbaxy promoter dissociates with brother; case also names former Religare chief Godhwani.
Bankers must be empowered: Jaitley
Finance Minister, in his first public address after his return to North Block, says bankers must be empowered to take honest decisions without fearing consequences.
Will Tata Steel prioritise paring debt or inorganic growth?
The company’s liquidity position is robust with around Rs 25,000 crore in cash and cash equivalents. Will most of it go towards debt repayment or towards further acquisitions?
Liberty House : A passage to India
After a global acquisition spree, British industrialist Sanjeev Gupta is looking to buy at least four distressed Indian companies.
