National Company Law Tribunal

RCap deal: Hindujas deposit ₹2,750 cr in CoC account

August 11, 2024 by Moneynews

Hindujas-promoted IndusInd India Holdings has deposited ₹2,750 crore within the escrow account opened by the committee of collectors of Reliance Capital as directed by the Nationwide Firm Regulation Tribunal. Additionally learn: IIHL confirms cost of ₹2,700 cr for RCap buyout In an affidavit filed with NCLT, the corporate mentioned it has remitted ₹250 crore within … Read more

Write-offs by scheduled industrial banks decline by 27% in 5 years

August 5, 2024 by Moneynews

Write-offs in scheduled industrial banks have decreased during the last 5 years to only over ₹1.70 lakh crore on the finish of FY 2023-24 from over ₹2.34 lakh crore in FY 2019-20, reflecting a decline of greater than 27 per cent, knowledge offered within the Lok Sabha confirmed. Information additionally defined that, barring FY23, all … Read more