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Six ARCs acquire 55% of KSK Mahanadi Power s Rs 29,330-crore debt

Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders exits amid debt resolution delays. Prudent ARC recently acquired debt through a Swiss auction, ensuring an 80% recovery for the lender."}

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ARCs: ARCs vie for ACCIL Corp s Jaipur Hotel debt

Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.

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Asset reconstruction companies vie for ACCIL Corp s Jaipur hotel debt, ET RealEstate

Asset reconstruction companies vie for ACCIL Corp s Jaipur hotel debt, ET RealEstate
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RHB Issues 37 Leases to House Owners in Pratap Nagar Jaipur, Real Estate News, ET RealEstate

RHB issues 37 leases to house owners in city’s Pratap Nagar Jaipur: For the first time, the Rajasthan Housing Board has organised a public hearing in Pratap Nagar and has issued leases to 37 house owners. With these leases the house owners would get their ownership rights on the RHB plots and would be able to get several government facilities, like the Bisalpur water.

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Neeta Mukerji resigns as CEO of ACRE, country s largest bad bank

Mukerji joined as CEO of ACRE, an asset reconstruction company backed by global fund Ares SSG Capital, in November 2020. She was appointed for a term of five years.

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