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DHARANI SUGARS RESOLUTION
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 gets a chief from its agent amid hopes the process speeds upThe NARCL has concluded the acquisition of just six companies since it started operations in January 2022 to house banking-sector advances ...
- A new charter for the NARCL, IDRCL twins!The purpose of The Twins to take over stressed debt is in doldrums as the banking systems net non-performing assets are at multi-year low o...
- State-owned 'bad bank' acquires three accountsIndia's state-owned 'bad bank,' National Asset Reconstruction Company Ltd (NARCL), has acquired three more accounts in the past two weeks, ...
- Dharani Sugars' promoter gets another chance to win it backThe Supreme Court had stayed a liquidation order of the sugar maker given by the National COmpany Law Tribunal (NCLT). The National Company...
- Dharani Sugars bid puts ARCs on par with NARCLPrivate asset reconstruction companies (ARCs) in India are now on an equal footing with the government-owned bad bank NARCL. This comes aft...
- 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 to step up acquisitions of distressed assets in FY24National Asset Reconstruction Co Ltd (NARCL) aims to acquire ₹30,000 crore of Srei Equipment Finance and Srei Infrastructure Finance loans ...
- NARCL set to acquire debt of Dharani SugarsNARCL's ₹222.5 crore binding offer had triggered a Swiss Challenge auction which was scheduled on March 17. Lenders did not receive any cou...
- NARCL makes binding offer for bad loans of Dharani SugarsThe National Asset Reconstruction Company (NARCL) on Tuesday gave a ₹222.5 crore binding offer for verified claims of ₹619 crore, said two ...
- Bad bank plans to buy 18 distressed a/cs totalling Rs 39,921 crore by October 31NARCL has engaged consultants such as EY, PwC, Alvarez and Marsal, KPMG, Grant Thornton to conduct due diligence for the 18 accounts. It wi...
- IBC bolsters responsible lending, encourages debtors to avoid default: MS Sahoo, chairman IBBI"Feb 12 circular, that SC quashed, was an RBI initiative; it won’t impact IBC as it is neither a provision of the Banking Regulation Act no...
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