Essar Oil, India Cements, Nagarjuna Fertilizers to be pushed out of Corporate Debt Restructuring cell

Banks under stress with rising bad loans are preparing to drive out companies such as Southern Petrochemical Industries, India Cements, Nagarjuna Fertilizers and Chemicals and Essar Oil out of the corporate debt restructuring (CDR) cell. Nearly 20 corporates with loans … Continue reading

Bharti Shipyard Board approves Debt Restructuring Plan

The Bharati Shipyard Ltd stock rose by 6% on Tuesday to Rs. 72.5 a share, on a day the market indices fell marginally. The shipbuilding company had on Monday, after market hours, announced that its board had approved a corporate debt restructuring … Continue reading

CDR loosing its sheen : Reports Economic Times

It is more than two years since wine maker Indage Vintners’ corporate debt restructuring (CDR) plan was approved, but there’s hardly any progress either in reviving the company or the banks getting their dues back. Founding family Chougules were to bring … Continue reading