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HELIOS PHOTO VOLTAIC
IDRCL settles two insolvency cases, first since inceptionIndia Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, has successfully resolved two accounts, distribut...- Bankruptcy court approves Helios Photo Voltaic’s acquisition by OCL Iron & SteelThe bankruptcy court approved Helios Photo Voltaic Ltd's acquisition by OCL Iron & Steel Ltd through the insolvency resolution process. Hel...
- Bankruptcy court admits insolvency resolution plea against Helios Photo VoltaicThe National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Hel...
- NARCL gets a chief from its agent amid hopes the process speeds upThe NARCL has concluded the acquisition of just six companies since it started operations in January 2022 to house banking-sector advances ...
- State-owned 'bad bank' acquires three accountsIndia's state-owned 'bad bank,' National Asset Reconstruction Company Ltd (NARCL), has acquired three more accounts in the past two weeks, ...
- PSU banks list assets for sale to NARCL after finance ministry nudgeFollowing a nudge from the finance ministry last fortnight, most govt-owned banks identified companies they would prefer to sell to Nationa...
- NARCL to step up acquisitions of distressed assets in FY24National Asset Reconstruction Co Ltd (NARCL) aims to acquire ₹30,000 crore of Srei Equipment Finance and Srei Infrastructure Finance loans ...
- Banks transfer Jaypee Infratech's ₹9,234-crore debt to NARCLIDBI Bank CEO Rakesh Sharma confirmed the transfer without naming the account. IDBI Bank is the lead lender in the account with dues of ₹3,...
- With an ₹860 crore VOVL bid, NARCL eyes the single-largest debt buyout by any ARCNARCL's offer has an 15:85 structure - 15% of the consideration will be upfront cash while the balance will be in security receipts (SRs) p...
- NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auctionLast month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six lo...
- Loans of Jaypee Infra, VOVL and GTL among 15 that may be sold to bad bankVideocon Industries affiliate VOVL Ltd, real estate company Jaypee Infratech, telecom infrastructure provider GTL Ltd, Visa Steel and Meena...
- 13 SEZ developers, units seek more time to implement projectsDecision on these proposals would be taken by the Board of Approval (BoA) for Special Economic Zones (SEZs) in its meeting on September 12.
- India won’t levy duty on solar gear importsThe development comes as a huge relief to solar developers, since over 90% of the equipment used in Indian solar projects is imported.
- Government starts safeguard duty probe on solar cellsSolar cells, electrical devices that convert sunlight directly into electricity, are imported primarily from China, Malaysia, Singapore and...
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