The spotlight is on practices where defaulting promoters, under the guise of new investors known as "White Knights," re-enter projects through settlements orchestrated by ARCs.
Currently, there are three contenders vying to acquire this debt, including Prudent ARC and Asset Reconstruction Company India (ARCIL) other than ACRE ARC with Neo Asset Management.
New Delhi, April 3: On March 28th Genesis Foundation with the support of its CSR Partner Assets Care & Reconstruction Enterprise Ltd. (ACRE) announced the successful treatment of an 8-days old baby girl born with an Interrupted Aortic Arch A-P window, a critical congenital heart defect. In babies born with an interrupted aortic arch, oxygen-rich blood from the left side of the heart is not able to reach all areas of the body. Not getting enough blood to all parts of the body can lead to severe symptoms including congestive heart failure.
New Delhi [India], April 3 (ANI/NewsVoir): On March 28th Genesis Foundation with the support of its CSR Partner Assets Care & Reconstruction Enterprise Ltd
With the acquisition completed, RIL now holds a 70% stake in Sintex and the company will be jointly managed by RIL and Assets Care & Reconstruction Enterprise
The Board of Directors of Walchandnagar Industries Ltd at its meeting held on October 21, 2022 has approved the allotment of 78,10,000 shares on preferential basis.
Trading in shares of Sintex was suspended on NSE and BSE, with effect from Tuesday, following the approval of the insolvency resolution plan by the members of the CoC.