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INTER CREDITOR AGREEMENT
ED flags Rs 11,600 crore 'proceeds of crime' in RHFL, RCFL probeThe Enforcement Directorate has alleged over ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance...- Bankers of McLeod Russel sign ICA for resolution on debt recastBulk tea major McLeod Russel India on Friday said its bankers have signed an Inter Creditors Agreement (ICA), a precursor to a resolution p...
- Lenders disagree over Jindal India Thermal debt resolution offer“The recent deals for resolving stressed thermal power companies have valued them at around Rs 3 crore per megawatt. Jindal’s offer values ...
- RBI rejects request to extend Jan 7 deadline for resolution plans of stressed assetsWith creditors unable to agree on buyers or the restructuring mechanism, it is taking several weeks to arrive at any consensus in many case...
- Resolutions via inter-creditor agreements off to a slow startAs January 7 deadline set by RBI looms, inter-creditor agreements are yet to be signed for exposures amounting to Rs 33,610 crore. Resoluti...
- Companies asked to disclose details on default, ICAsSebi disclosure norms mandate listed companies to make timely and accurate disclosures on all material matters including the financial situ...
- Sebi allows mutual funds to tie up with banks to rejig exposureThe regulator said the signing of ICA must be in the interest of investors and AMCs should take approval from their board and trustees.
- Reliance Power signs inter-creditor agreement with six lendersAfter signing the ICA, the firm has got 180 days for implementation of the debt resolution plan under the existing legal framework.
- DHFL crisis: Bankers to sign inter-creditor agreementThe lenders are trying to rescue DHFL with outstanding debt of over Rs 1 lakh crore and prevent a default.
- Banks seek clarity on inter-creditor agreement rejigBankers not sure if ICAs need to be rewritten or new clauses will have to be inserted and agreement have to be newly signed.
- Sashakt Committee recommends changes in Inter Creditor AgreementMehta noted that this will ensure that a consensus building amongst lenders will be carried forward promptly, to its logical conclusion and...
- Government wants to explore all options to keep Jet afloatGovt has indicated to the banks that it favours Indian player holding a majority stake in the troubled airline.
- Guidelines on Inter creditor agreement next weekThe Sunil Mehta committee has also backed the government plan for a bad bank to deal with stressed loans by setting up an asset management ...
- Top state-run banks sign inter-creditor agreementLenders who have signed the agreements include Union Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank and Exim Bank.
- SBI, others to sign inter-creditor pact todayInter-creditor agreement (ICA), on the other hand, talks about binding minority lenders in implementing a proposal if 66% lenders agree to ...
- Ringside View: Inter-creditor agreement- dead on arrival?For loans already in default when the circular was issued, the 180-day countdown begins from March 1which gives banks time till August 31 t...
- No concentration of power under creditors’ pact: SBIAs many as 56 lenders are set to sign the inter-creditor agreement by next week. It will prohibit creditors who don’t agree to a majority-a...
- 56 lenders to sign inter-creditor agreement in a few daysThe agreement — based on a recommendation by the Sunil Mehta committee that looked into resolution of stressed assets — aims to deal with b...
- Project Sashakt: Banks give shape to inter-creditor pact for bad assetsBanks will now take inter-creditor agreement to their respective boards for approval and it’s expected to go live later this month, Punjab ...
- Banks finalise inter-creditor agreement to deal with NPAsThe meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil...
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