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SIVA INDUSTRIES LIQUIDATION
Housing market continues to defy higher mortgage rates, property pricesDespite higher mortgage rates and rising prices, India's residential property market is thriving. The first quarter of the year saw record-...- India’s top 7 cities’ Jan-Sept housing sales touch 91% of 2022 annual performanceResidential sales in India's top seven property markets have seen strong growth in the first nine months of 2023, with sales reaching the h...
- Moment of reckoning for SaaS firms with US market in a spotFounders say macroeconomic headwinds might drive companies to spend, hire judiciously
- Supreme Court approves loan settlement offer by Siva Industries PromotersSiva group founder C Sivasankaran's father, RCK Vallal, offered the settlement under Section 12A of the Insolvency and Bankruptcy Code, whi...
- Supreme Court stays Siva Industries liquidation after appeal by promotersIn a one line ruling, the two judge bench of L Nageswara Rao and BR Gavai stayed the Chennai NCLAT judgment dated January 28, 2022 until fu...
- Timely liquidation should be preferred over fruitless, endless resolution proceedings, says NCLAT"If the time period for Corporate Insolvency Resolution Period (CIRP) was extended but the Resolution Plan was not accepted by NCLT then li...
- NCLAT upholds Siva Industries liquidationThe settlement offer under Section 12A was made by RCK Vallal, who is the father of the founder of Siva group, C Sivasankaran. Siva Group i...
- We feel cos’ earnings run will justify valuations: Mugunthan SivaIndian stocks are still attractive to foreign investors despite the benchmark indices being at all-time highs, said Mugunthan Siva, managin...
- Timeline for IBC resolution needs to be shortened: Shaktikanta DasReplying to a question on the large haircuts that creditors have taken in some cases recently Das pointed out that the present National Com...
- If a company has been sick for years, and its assets have been depleted, IBC may yield huge haircut: MS Sahoo, Chairman, IBBIIn a chat with Mohit Bhalla, the Chairman of the Insolvency and Bankruptcy Board of India, Dr. MS Sahoo, addresses questions about the rece...
- IBC proceedings should start when assets aren’t impaired: MS Sahoo, Chairman IBBISahoo cited the example of Videocon Industries, stating that it had already reported a loss of nearly ₹10,000 crore when the bankers brough...
- Public money being stolen through 80-90 per cent haircuts in NCLT resolution cases, says Harsh GoenkaHis comments come in the backdrop of some insolvency cases being approved recently by the NCLT where creditors took heavy haircuts on their...
- IBC review likely to keep promoters outThe government will examine the Insolvency and Bankruptcy Code (IBC) to stop defaulting promoters from wresting back control of companies b...
- IDBI Bank settles loan with Aircel founder SivaIDBI Bank had initiated bankruptcy proceedings against Siva Industries in 2019. The loans were availed by a group company that later merged...
- IDBI Bank settles loan with Aircel founder C SivasankaranAccording to banking sources, IDBI Bank has already written to the CBI, which has confirmed that commercial dealings will not affect the cr...
- Mauritius investor accuses IDBI Bank of derailing Siva Industries' saleA Mauritius-based investor has accused IDBI Bank of derailing the sale of Siva Industries and Holdings, the promoter company of C Sivasanka...
- Vizag gas leak: Company would be asked to explain, says AP Industries MinisterMaintaining that the administration was taking all precautionary steps,the minister said the factory was not being operated, but personnel ...
- International property consultant JLL India launches residential brokerage businessJLL India’s newly set up residential brokerage division with team of 50 property experts across 7 cities across India will offer a bouquet ...
- 25 years of pvt sector mutual funds: No best fund out there, says Dhirendra KumarDhirendra Kumar, CEO, Value Research, started tracking the mutual fund space in 1990s.
- From ABCL to Lehman Brothers, six companies that simply sankIn 1999, Bachchan's ABCL approached BIFR to be rated as a sick company. Trump's Entertainment Resorts had filed for bankruptcy 4 times.
Load More- Supreme Court approves loan settlement offer by Siva Industries Promoters
