IVRCL seeks corporate debt restructuringIVRCL, which had nearly Rs 3,000 cr debt, including Rs 2,795 cr short-term borrowings as on Sept-end, has been consistently incurring losse...
CDR referrals touch record Rs 1.09 trillion till DecemberBanks referred a record Rs 1.09 trillion worth of stressed assets to the corporate debt restructuring (CDR) cell between April and December.
- IFCI to rejoin CDR cell as revamp plan falters
Foreign institutional investors reduced their holding in IFCI to 4.26% in the June quarter from 12.22% in year-ago quarter.
- Clarification by Electrosteel on debt recast
Electrosteel has clarified that their Flash Report was discussed in details in the meeting of CDR EG on June 14, 2013 and has been admitted...
Gammon India referred to CDR, Tulip Telecom's CDR approvedGammon India has been referred to the CDR cell for its debt of Rs 9,000 cr, while Tulip has got restructuring proposal for debt of Rs 2,200...
India Inc sought debt restructuring for 126 cases in 2012RBI had helped set up CDR system in 2001 to help the corporates facing financial difficulties due to "factors beyond their control and due ...
- Corporate debt restructuring cases in India rises, crosses 100-mark in 2012
The number of corporate debt restructuring cases in India since the beginning of 2012 has crossed the century-mark.
- Despite exit by small lenders, banks still prefer CDR cell
Most lenders will continue to be part of CDR forum as a consortium approach gives a lot of comfort over the individualistic route.
Twenty-five corporates complete CDR, to exit CDR cellCompanies like Nitin Spinners, Nagarjuna Fertilizers, India Cements and Gujarat Road and Infrastructure Company (GRICL) have completed the ...
- Deccan Chronicle shares slip as CDR hopes fade; down 28% this week
Deccan Chronicle Holding Ltd slipped over 6% on Thursday after bankers failed to reach an agreement on whether to admit DCHL to the CDR cel...
- Bankers fail to reach an agreement on Deccan Chronicle Holdings' CDR
An induction into CDR would have helped the company reduce the interest rate on its loans and stretched the loan repayment period.
- Wockhardt completes restructuring; to exit CDR cell this quarter
According to sources close to the development, Wockhardt has successfully completed its CDR exercise and it will be exiting the CDR cell th...
CDR norms tightened; to get tougher on promotersAccording to a source with direct knowledge of the development, an in-principle approval has already been given to the new norms suggested ...
- PowerMin's Rs 2 lakh cr CDR plan for discoms has banks worried
During the just concluded quarter, the banking sector has seen the quantum of restructured loans rising over fivefold to Rs 20,040 crore, u...
- CDR revamp on cards, banks want promoters to bring 25% capital
According to reports, already loans worth over Rs 60,000 crore have gone for CDR last fiscal, a rise of a whopping 156 per cent from a year...
- Bankers meeting today to end misuse of debt restructurings
The meeting is "to redefine the acceptable parameters for restructuring of borrowers' debts under corporate debt restructuring (CDR)", a no...
- Banks to classify loans granted to Lavasa Corporation as infrastructure loans
RBI likely to allow the reclassification, enabling the company to approach debt restructuring cell.