With creditors unable to agree on buyers or the restructuring mechanism, it is taking several weeks to arrive at any consensus in many case...

As January 7 deadline set by RBI looms, inter-creditor agreements are yet to be signed for exposures amounting to Rs 33,610 crore. Resoluti...

Sebi disclosure norms mandate listed companies to make timely and accurate disclosures on all material matters including the financial situ...

The regulator said the signing of ICA must be in the interest of investors and AMCs should take approval from their board and trustees.

After signing the ICA, the firm has got 180 days for implementation of the debt resolution plan under the existing legal framework.

The lenders are trying to rescue DHFL with outstanding debt of over Rs 1 lakh crore and prevent a default.

Bankers not sure if ICAs need to be rewritten or new clauses will have to be inserted and agreement have to be newly signed.

Mehta noted that this will ensure that a consensus building amongst lenders will be carried forward promptly, to its logical conclusion and...

Govt has indicated to the banks that it favours Indian player holding a majority stake in the troubled airline.

The Sunil Mehta committee has also backed the government plan for a bad bank to deal with stressed loans by setting up an asset management ...

Lenders who have signed the agreements include Union Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank and Exim Bank.

Inter-creditor agreement (ICA), on the other hand, talks about binding minority lenders in implementing a proposal if 66% lenders agree to ...

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...

As 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...

The agreement — based on a recommendation by the Sunil Mehta committee that looked into resolution of stressed assets — aims to deal with b...

Banks will now take inter-creditor agreement to their respective boards for approval and it’s expected to go live later this month, Punjab ...

The meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil...