Arrium went into voluntary administration the year before with debts of $2 billion, having reported an annual loss of $1.9 billion. Through his Gupta Family Group (GFG) Alliance of family-owned businesses, Mr Gupta has gone on a multi-billion pound global spending spree over the past four years, snapping up distressed industrial assets. However, questions have…
As intimated earlier, the 5th Meeting of the COC was held on Tuesday, the 5th day of March, 2019 at 304, 3rd Floor, Trendeset Towers, Road No.2, Banjara Hills, Hyderabad – 500 034.Among other items inter-alia discussed at the meeting, the following were put for electronic voting and were duly passed:1. Approved Evaluation Matrix and…
Pursuant to the verbal order pronounced by the Honble Bench of Honble National Company Law Tribunal (Ahmedabad) on March 8, 2019, the resolution plan dated April 12, 2018 submitted by Reliance Industries Limited, JM Financial Asset Reconstruction Company and JM Financial Asset Reconstruction Company Limited (as trustee to JMF ARC – March 2018 – Trust)…
DALLAS, March 9, 2019 /PRNewswire-PRWeb/ –There are challenges couples may face in managing their finances together that is why National Debt Relief shares some valuable tips to help budget and save their money. The article titled “5 Ways You Can Convince Your Spouse To Save Money Together” released February 13, 2019, helps couples get started…
Scientific Games Corporation announced Tuesday that they will be offering $1.1 billion in private notes to mature in 2026. The offering will close on March 19, 2019. The sale of the 2026 notes will cover a series of unsecured notes set to mature in 2022 worth approximately $1 billion.…
couples have a better chance of saving money together when they set common goals DALLAS (PRWEB)March 09, 2019 There are challenges couples may face in managing their finances together that is why National Debt Relief shares some valuable tips to help budget and save their money. The article titled 5 Ways You Can Convince Your…
By Renuka Sane In this season of non-performing assets (NPAs) clean-up, lenders recently moved to invoke the personal guarantees the Ruias had made on the debt taken by Essar Groups power companies. Zee Groups promoter gave a personal guarantee for payment obligations on an irrevocable and unconditional basis to a group of lenders. In other…
In a bid to keep out errant and wilful defaulters from buying back stressed assets, Section 29A was inserted into the Code (Insolvency and Bankruptcy Code) in November 2017. While this has led to a slew of litigations questioning the eligibility of competing bids (Essar Steel), the powers-that-be maintain that the clause is essential to…