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Secretary of the Department of Financial Services, Vivek Joshi, asked banks to move forward in declaring defaults, so that companies can move towards the resolution process.
SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.
He has been reappointed for a tenure of 5 years effective January 12, 2025, the company said in an exchange filing.
Dalmia Bharat’s Jaypee Cement acquisition delayed to mid-late 2024
Adani Group’s real estate business is fairly new—just 14 years old. But it is fast becoming a key mover and shaker in India’s booming real estate market. In fact, the company has the potential to become India’s largest developer. We tell you why.