If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
More than two years ago, I wrote about the case of C&C Towers Ltd, (CCTL) which had signed a 20-year concession agreement with Greater Mohali Area Development Authority (GMADA) in April 2009 for an inter-state bus terminal, three multi-storied towers with retail and office spaces, multiplex, five-star hotel, banquet hall, hypermarkets, and a helipad on top of one of the towers. The project turned bankrupt, went into liquidation and was admitted for debt resolution.
Why women in banking must break the glass ceiling - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
According to industry experts, Tower Semiconductor can become a technology partner for one of the Indian conglomerates aiming to venture into the semiconductor space
India Business News: On Thursday, just one day before his term was set to conclude, the government decided to prolong the tenure of SBI chairman Dinesh Khara by 10 months.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission.
The terms of the appointment of the three are the same as the ones on which Ambani's wife Nita was appointed to the company board in 2014. She earned a sitting fee of Rs 6 lakh and a commission of Rs 2 crore in the 2022-23 fiscal year (April 2022 to March 2023), according to the company's latest annual report.
Mukesh Ambani's three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by Reliance Industries.
Reliance chairman Mukesh Ambani's children will get no salary, only fee for attending board meetings : The Tribune India tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.