E-PaperVideocon Bankruptcy News
SBI seeks adviser to streamline insolvency of 15 Videocon firms
SBI has mandated SBI Capital Markets to look for a ‘common process adviser’, who will be the single point of contact for prospective bidders on behalf of the lenders
3 min read24 Oct 2018Creditors put Videocon arm’s overseas assets on sale
A consortium of banks plans to realize at least 50-55%, or $2.5-3 billion, of the total loan value of $4.5 billion that had been lent to VOVL, formerly Videocon Oil Ventures
3 min read9 Oct 2018NCLT admits SBI’s plea against Videocon Telecommunications
A consortium of 18 banks has an exposure of 1,700 crore to Videocon Telecommunications, which defaulted on loans and bank guarantees in January 2018
1 min read9 Jun 2018Goldman Sachs files suit to recover Rs36 crore from Videocon
Goldman Sachs had lent the money to Videocon Global, a subsidiary of Videocon Industries, and the parent company was a guarantor to the loan, says the bank's advocate
1 min read3 Apr 2018Videocon approaches NCLT against SBI move to change bankruptcy plea
Rejecting Videocon's intervention, NCLT Mumbai ruled that SBI's bankruptcy petition will be heard on its merits and posted its hearing on 23 April
2 min read29 Mar 2018Videocon loans: ICICI Bank expresses confidence in Chanda Kochhar
Providing details of Videocon loans, ICICI Bank told the stock exchanges it has 'full faith and confidence' in CEO Chanda Kochhar, and added that the internal processes of the bank are robust
1 min read29 Mar 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared