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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.
This legislation assumes significance because, on an average, two cases of farmer suicides are reported from Karnataka every day.
The tribunal body has also allowed 133 IL&FS firms incorporated outside India to continue with the resolution process.
According to sources, the telecom company has sought the claims for the rendering of communications services and reimbursement of employees-related payments made.
Crop loss following the mid-August flood and the mounting debts have claimed one more life in the district.
The full-service carrier, which has completed 25 years of operations, is looking to restructure debt as well as raise funds.
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.
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.
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.
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.
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.
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.
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.
Troubled Jet Airways working to revamp debt and avert collapse; biggest state-owned lender helping hammer out a rescue package.
In the past few months, IL&FS and its subsidiaries have defaulted on many debt instruments due to insufficient funds.