While few details emerged from the meeting, officials said that Etihad Airways wanted Jet Airways promoter and founder Naresh Goyal to reduce his stake to 20% while being given a board seat
3 min read17 Jan 2019Jet Airways proposed a 'resolution plan' that would involve making payments on loans originally due in December, January and February in several tranches between March 31 and September 30
1 min read10 Jan 2019The Jet Airways' debt resolution plan, if approved by all stakeholders, will trigger a change in Jet Airways' shareholding pattern, with founder chairman Naresh Goyal's stake falling below the current 51%
2 min read10 Jan 2019Dena Bank and Kotak Mahindra Bank had objected to Reliance Industries and JM financial resolution plan for Alok Industries, which owes lenders 29,600 crore
2 min read5 Nov 2018Deloitte, while formulating the debt resolution plan, will take into consideration the one-time settlement that Aban Offshore has offered to its lenders
2 min read25 Sep 2018Reliance Naval is one of the companies which lenders have decided to refer to the NCLT following the end of RBI's debt resolution deadline
2 min read29 Aug 2018The NCLT has also approved the name of Anuj Jain as interim resolution professional to conduct the corporate insolvency resolution process of Videocon
1 min read7 Jun 2018The NCLAT, however, reserved its verdict on Vedanta's eligibility to submit a resolution plan for Electrosteel Steels under Section 29A of the Insolvency and Bankruptcy Code
1 min read30 May 2018Bamnipal Steel, a unit of Tata Steel Ltd, completed the acquisition of 72.65% in Bhushan Steel according to the debt resolution plan
2 min read18 May 2018NCLAT asks Binani Cement's resolution professional to submit revised resolution plans for the corporate debtor in a sealed cover before the Committee of Creditors
1 min read15 May 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared