Corporate Debt Restructuring clears Venus Remedies debt recast proposalVenus Remedies said that the CDR Cell has approved its proposal, under which its repayments of the principal amount will begin only from Ap...
Lanco Infratech lenders have option to convert loan into equityLanco Infratech which has gone for Corporate Debt Restructuring said 25 lenders have been given an option to convert some of their loan amo...
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...
Electrosteel Steels implements CDR packageElectrosteel Steels Ltd (ESL) has said it has implemented the company's Corporate debt restructuring (CDR) package before the stipulated ti...
Lenders have option to convert debt into equity: GammonGammon India today said the debt restructuring related proposals, for which it has sought shareholders nod, are "enabling resolutions".
- 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.
Essar Oil, India Cements, Nagarjuna Fertilizers to be pushed out of Corporate Debt Restructuring cellBanks could target 20 firms with loans of over 17,000 cr which have enjoyed lower interest rates but have now turned profitable.
- Essar Oil gets nod to exit corporate debt restructuring loan facility
Essar Oil said that it has received approval for exit of CDR loan facility set up in December 2004 which facilitated the construction of it...
- 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...
- Corporate debt restructuring up 3-fold at Rs 68,000 crore in FY'12
A record number of 87 cases with an aggregate debt of about Rs 68,000 crore were referred for Corporate Debt Restructuring (CDR) last fisca...
Companies approach banks for recast of over Rs 28,000 cr debt in Q2A large number of companies approaching banks for restructuring of debt totalling about Rs 28,890 crore in July-September, 2011.
- Essar Steel comes out of CDR debt
Essar Steel, a flagship of Ruias Essar Group, on Friday announced that entire debt of Rs 2,800 crore under the corporate debt restructuring...
- Debt rap
Wilful defaulters can't recast loans with existing lenders.
- RBI revises CDR guidelines
Reserve Bank of India has revised the corporate debt restructuring guidelines granting lenders an option to exit from the package by sellin...