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NCLTs lash out at insolvency resolution professionals over steep haircuts

Finance

NCLTs lash out at insolvency resolution professionals over steep haircuts

“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...

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Lenders eye large accounts this year to arrest declining trend in recoveries

Finance

Lenders eye large accounts this year to arrest declining trend in recoveries

Recoveries made by financial creditors through the Insolvency and the Bankruptcy Code declined to a ...

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Covid dents Edelweiss ARC's debt purchase by at least 40%

Finance

Covid dents Edelweiss ARC's debt purchase by at least 40%

Financial services major Edelweiss group’s asset reconstruction company is expected to see a dip ...

Bank of India to sell stressed assets worth $4.3 bn to ARCs

Finance

Bank of India to sell stressed assets worth $4.3 bn to ARCs

Indian government-owned Bank of India plans to put stressed assets worth Rs 30,000 crore (around $4,...