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State-backed Bad Bank set to begin operations in January second week : Rashtra News #Statebacked #Bad #Bank #set #operations #January #week The long-awaited state-sponsored bad bank is set to kick off its business from the second week of January just in time for the banking industry to dress up its balance sheet as the fiscal
The bankruptcy court has approved Ramkrishna Forgings' bid to acquire JMT Auto, a subsidiary of the Amtek Group, through the corporate insolvency resolution process. Ramkrishna Forgings will offer ₹125 crore to acquire JMT Auto, which has admitted financial liabilities of over ₹165 crore. This acquisition is seen as a positive development in the manufacturing sector and may lead to more acquisitions through the Insolvency and Bankruptcy Code (IBC).
The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO -- into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public,