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EXTERNAL COMMERCIAL CREDITORS
Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
Vedanta tells Supreme Court its revised Jaypee bid tops Adani offerVedanta Ltd has approached the Supreme Court challenging the rejection of its bid for Jaiprakash Associates Ltd. The mining giant claims it...
Pakistan faces $23 billion in external debt servicing this fiscal yearPakistan faces a significant financial challenge, needing to repay over USD 23 billion in external debt this fiscal year. While USD 12 bill...
Adani, Vedanta, Dalmia, JSPL among six bidders for Jaypee AssociatesJaiprakash Associates Ltd. (JAL), facing substantial debt, has received six resolution plans from prominent suitors including Adani Group a...
Sri Lanka reaches debt-restructuring agreementSri Lanka has reached a long-delayed debt restructuring pact with its international and local sovereign bondholders. This comes after consu...
IMF lauds Sri Lanka for strong progressSri Lanka's macroeconomic policy reforms are showing positive results as the IMF anticipates agreements with external commercial creditors ...
New creditors, differing interests and coordination issues are hobbling sovereign debt restructuringAn IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between ...
India’s external debt remains stable; declines to 18.9% of GDP from 20% last year: Finance MinistryIndia's external debt decreased to 18.9% of GDP by the end of March 2023, down from 20% the previous year, according to the status report b...
Pakistan’s flawed external debt policyIt is a pertinent question to enquire whether Pakistan's external debt of USD 126.3 billion (by the end of December 2022) is unsustainable ...
Pakistan needs to pay USD 77.5 billion in external debt; risk of default 'real', says US think tankPakistan is awaiting a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund, originally due...
Erstwhile Srei management moves NCLT for consideration of its settlement offerAdisri in its petition to NCLT requested the tribunal to direct administrator to consider its settlement application under the Section 12A ...
View: Strike balance between commercial wisdom and judicial wisdom to minimise haircuts under IBCAs many as 13,170 insolvency cases involving claims of Rs 9 lakh crore are awaiting approval before NCLT and about 71% of these have been p...
India's external debt rises 2.1 per cent to USD 570 billionReserves to external debt ratio, however, increased to 101.2 per cent from 85.6 per cent during the same period, thereby consolidating the ...
Will DHFL depositors get their money back?The deposit holders with overall exposure of Rs 6,000 crore are at risk of losing their savings.
Resolution plans under IBC have yielded 200% of liquidation value: IBBI chiefHe noted that the repayment of debt is no longer an option, it is an obligation as tolerance for default has disappeared.
- India may not face euro-like situation despite high debt
India’s external debt rose 16.5% from $224.5 billion in FY09 to $261.5 billion in FY10, which puts India among the top 10 debtor nations in...
- UAE govt credit ratings unaffected by Dubai debt: Moody's
'The recently announced restructuring of Dubai World's liabilities is unlikely to threaten the credit quality of the government of Abu Dhab...