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HELIOS PHOTOVOLTAIC
Bad bank framework set for overhaul with NARCL-IDRCL mergerIndia's bad bank framework is set for a significant structural change, with plans to merge the National Asset Reconstruction Co (NARCL) and...- 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...
- NARCL emerges winning bidder for Rs 17,000 cr debtThe National Asset Reconstruction Company of India (NARCL) has been the winning bidder for six distressed accounts with outstanding debt of...
- NARCL seeks Rs 2,700-crore funds to grow bad loan bizThe ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration a...
- 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...
- Indian Bank to hold second Swiss auction for Dharani Sugars' loansThe change in the deal structure was necessitated after the government refused to recognise the proposal by the bad loan aggregator earlier...
- NARCL's federal guarantee comes through after delay"The guarantee has been approved by the department of financial services (DFS) earlier this week. It is now expected that NARCL will comple...
- NARCL progress hit on government guarantee delay"The guarantee is a big issue no doubt but the fact of the matter is that NARCL has taken too long to conduct due diligence and make concre...
- NARCL acquires Helios PhotovoltaicBased on the anchor bid from NARCL, PNB Investment Services had run the Swiss Challenge auction and asked interested bidders to bid at a ma...
- 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,...
- 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...
- PNB puts on block 6 NPAs with outstanding of over Rs 1,000 crore"We intend to place the (six accounts) for sale to ARCs/NBFCs/Other Banks/FIs etc," said a notice put up by PNB.
- 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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