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The National Company Law Tribunal (NCLT) vacated the stay on the auction of the power project on April 5, paving the way for a fresh round of bidding. The total claim of lenders on the project is pegged at about Rs 32,000 crore. These companies have given expressions of interest , which were to be submitted by April 26 and the timeline to give a resolution plan by the interested parties is June 18, according to the timeline set by resolution professional Sumit Binani. ....
Lenders of Reliance Capital urge IndusInd International Holdings Ltd (IIHL) to accelerate regulatory approvals for the resolution plan, emphasizing the May 27 deadline. IIHL is expected to pay Rs 9,650 crore by then. Delays in IRDAI approval for the transfer of insurance businesses raise concerns over meeting deadlines. ....
India Business News: NEW DELHI: The resolution professional of debt-ridden Future Enterprises (FEL) has invited Expression of Interest (EOIs) for the company’s assets, inc. ....
Future Enterprises: FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the group s investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics. ....
FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the group s investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics. ....