• Tag results for debt

Jet Airways okays banks’ proposal for debt resolution 

The company had already called for shareholders’ meeting on February 21, to seek approval for conversion of debt to equity and increase in equity base.

published on : 15th February 2019

Karnataka Debt Relief Bill a boon to farmers

This legislation assumes significance because, on an average, two cases of farmer suicides are reported from Karnataka every day.

published on : 14th February 2019

NCLAT allows 22 IL&FS group firms to service debt obligations

The tribunal body has also allowed 133 IL&FS firms incorporated outside India to continue with the resolution process.

published on : 11th February 2019

MTNL seeks claims of up to Rs 500 crore from Department of Telecom

According to sources, the telecom company has sought the claims for the rendering of communications services and reimbursement of employees-related payments made.

published on : 11th February 2019

Crop loss, debt burden claims another life in Idukki this year

Crop loss following the mid-August flood and the mounting debts have claimed one more life in the district.

published on : 8th February 2019

Efficient operations responsibility of individual airlines, says Sinha amid Jet crisis

The full-service carrier, which has completed 25 years of operations, is looking to restructure debt as well as raise funds.

published on : 7th February 2019

Jailed Subiksha MD’s plea to set aside Debt Recovery Tribunal’s order dismissed

ICICI Bank had produced a computer-generated accounts statement in support of its claim. But the Debt Recovery Tribunal rejected the statement on the ground that it lacked necessary certificate.

published on : 7th February 2019

Essel promoters ready to sell over 50 percent of stake in Zee Entertainment Enterprises

While the promoters are in talks with over 2 buyers to repay the debt, they had announced last November their plan to sell up to 50 percent of their equity stake.

published on : 6th February 2019

Jet Airway's pilots discuss airline's current situation; may take final call on salary payment delays in March

Jet Airways has been making salary payments to many of its employees, including pilots, in a staggered manner, amid financial crunch.

published on : 6th February 2019

Won't follow changes in schedule if flying allowances not paid by February 10: Air India pilot unions

On the basis of the number of flight hours a pilot spends a month, he or she receives a flying allowance.

published on : 5th February 2019

PNB scam: DRT summons to Nirav Modi; Union Bank also a party

Apart from Modi and UBI, the other parties named in the summons are: Firestar Diamond International Pvt Ltd and its six branches in Mumbai, plus one in Surat, Gujarat.

published on : 5th February 2019

Essel Group gets September deadline to clear its debts

The group had come to an understanding with lenders on January 27 who have taken pledged shares of Zee Entertainment Enterprises and Dish TV India.

published on : 4th February 2019

Punjab CM seeks special debt relief package, says post GST revenue loss Rs 12,000 crore per year

With a debt of Rs. 2.10 lakh crore, which his government had inherited from the erstwhile SAD-BJP regime, Punjab was a revenue deficit state, said the Chief Minister.

published on : 30th January 2019

How an airline is casting a shadow on India's Lok Sabha elections

Troubled Jet Airways working to revamp debt and avert collapse; biggest state-owned lender helping hammer out a rescue package.

published on : 22nd January 2019

IL&FS Transportation Networks defaults on dividend payment of Rs 7.12 crore

In the past few months, IL&FS and its subsidiaries have defaulted on many debt instruments due to insufficient funds.

published on : 7th January 2019
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