NCLT enables R-Infra lenders to get ₹3,515 crore

Popular

RBI asks HDFC Bank to stop digital launches and credit card...

The Reserve Bank of India (RBI) has asked the country's largest private sector lender, HDFC bank to stop all launches of its digital business...

Assam’s Dibrugarh University Teacher Arrested For Sharing Porn Video: Police

During interrogation, the accused confessed to the crime. (Representational)Dibrugarh: An assistant professor in Assam's Dibrugarh University was arrested today for allegedly uploading pornographic content...

Process to avail full refund on Lockdown Air Tickets

The Supreme Court approved the Directorate General of Civil Aviation's (DGCA) proposal on air tickets refund and credit shell on flights booked prior and...

Why was CDS Gen. Bipin Rawat’s attending China-owned MG Motor event;...

US Ambassador Kenneth Juster greets CDS Gen Bipin Rawat with elbow bump | Watch ...

Explained: How new H-1B visa regime will impact Indians, Indian firms

In yet another policy stance change on H-1B visa within six months, the US administration on October 6 said it was announcing an “interim...

The National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank seeking priority payment for the financial creditors of Reliance Infratel which will lead to about ₹3,515 crore recovery for the lenders, according to a source aware of the development.

The payment has to be made from the sum of about ₹4,400 crore realised from sale of assets to a Reliance Industries subsidiary via the NCLT-driven debt resolution process.

According to the source, State Bank of India will lead the list of creditors with receipt of ₹728 crore.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

Source link

Latest News

Rupee Gains To 74.93 Against Dollar Amid Easing Crude Oil Prices

<!-- -->Rupee Vs Dollar Today: The rupee settled at 74.93 against the dollarParing losses from its early session, the rupee gained 12 paise against...

Skoodle plans toy lab to enhance ‘play-and-learn’

Skoodle, a toys and school and office-stationery brand, is planning to set up a toy lab in India to enhance play-and-learn value in children...

Assets under NPS rose to 38% YoY till March 2021: PFRDA

The Pension Fund Regulatory and...

Charges collected on digital transactions in zero-balance accounts have been refunded: SBI clarifies

CBDT had advised Banks to refund the charges collected, if any, on transactions carried out using the digital mode.State Bank of India (SBI) has...

Wipro Q4 Results: Net Profit Rises 28% To Rs 2,972 Crore, Revenue Up 3.9%

<!-- -->Wipro Q4 Results: The company's revenue stood at Rs 16,334 croreIT services company Wipro on Thursday reported its consolidated profit at Rs 2,972 crore...