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Mahindra's South Korean Arm SsangYong Motors Files For Court Receivership

Mahindraâs South Korean Arm SsangYong Motors Files For Court Receivership
Mahindraâs South Korean Arm SsangYong Motors Files For Court Receivership

The company filed for court receivership after defaulting on payment of up to 60 billion won (approximately Rs 400 crore).
Mahindra currently owns a 75 percent stake in SsangYong Motors.
Mahindra’s lineup includes the Alturas G4 and XUV300 based on the SsangYong G4 Rexton and Tivoli.
It s trying times on the horizon for Mahindra & Mahindra-owned SsangYong Motor Company, as the South Korean carmaker has filed for court receivership after defaulting on payment of loans up to 60 billion won (approximately Rs 400 crore). This is essentially one step short of bankruptcy under the South Korean legal system. In lieu of this, the carmaker has agreed to apply for an Autonomous Restructuring Support (ARS) programme. ....

South Korea , South Korean , Mahindra Ssangyong Motor Company , Mahindra Owned Ssangyong Motor Company , Autonomous Restructuring Support , Ssangyong Motors , தெற்கு கொரியா , தெற்கு கொரியன் , மஹிந்திரா ஸ்சங்கியோங் மோட்டார் நிறுவனம் , மஹிந்திரா ஓஂட் ஸ்சங்கியோங் மோட்டார் நிறுவனம் , தன்னாட்சி மறுசீரமைப்பு ஆதரவு , ஸ்சங்கியோங் மோட்டார்கள் ,

Stocks to Watch: M&M, Tata Motors, aviation companies, banks

Stocks to Watch: M&M, Tata Motors, aviation companies, banks
The discovery of a new strain of the coronavirus spooked markets world over, with Indian benchmarks falling a massive 3% each on 21 December. (Photo: AP)
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Fresh corporate bankruptcy filings for loans defaulted during the pandemic will remain suspended till the end of this fiscal, with the Centre extending the ongoing freeze. The Insolvency and Bankruptcy Code was initially suspended for six months from 25 Mar, which was then extended till 24 Dec
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NEW DELHI: Here is the list of top 10 stocks that may be in news on Tuesday: ....

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