ABG Shipyard, which is under a CDR, will receive Rs 650 crore infusion from lenders by this month-end.

Asset sales by companies, transfer of bad loans to ARCs and fund-raising amid market revival help cut debt load

The decision was taken at the corporate debt restructuring meeting where lenders agreed to provide additional loan of Rs 3,500 crore to the...

It added that the Rs 611.91 crore term loan outstanding of Non-CDR lenders will be outside the purview of CDR.

This militates against the principle of limited liability: shareholder liability is limited to what they have invested by way of fullypaid-...

Electrosteel Steels has approached lenders to recast Rs 6,000-cr loan, indicating rising stress in the books of banks due to a slowdown in ...

As of Q3 of FY13, banks recast loans worth nearly Rs 62,100 crore, around 50 per cent more than the recast loans in the whole of last year.

Suzlon, which has piled up Rs 14,000 crore in debt - almost twice its equity base - has reported losses for the past three years.

Most of these cases are from companies with debt of less than Rs 500 crore. In 2011, 87 companies with debt of Rs67,739 crore applied for d...

Some of the lenders of DCHL are not keen on a debt recast of the co owing to lack of clarity over the approach.

CDR norms issued by RBI will have a massive impact on the profitability of state-run banks to the tune of 18%, says a report by Standard Ch...

The lenders, including State Bank of India, Axis Bank and Oriental Bank of Commerce have agreed to sacrifice Rs 45.50 crore to recast the l...

Lenders of debt-laden Bharati Shipyard have approved a debt recast of Rs 5,600 cr after the empowered group of banks agreed to help the shi...

IFCI and Development Credit Bank have pulled out of the CDR model blessed by the RBI to bail out distressed firms.

The government is working on a package to restructure loans to the tune of Rs 4,000-5 ,000 crore for the textiles sector but has ruled out ...

Hit hard by a slowdown in demand, Ispat Industries has approached its lenders for a second corporate debt restructuring (CDR) package. Indi...

As per the recast plan, the NPC – for the first time ever – will access the debt mkt to mop up low cost funds.