The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.

The revised offer will mean the lenders will have to write off 60 per cent of their dues.

In a meeting on Thursday evening, the RCom management, led by CEO Punit Garg, requested the bank representatives to release Rs 260 crore it received as I-T refund so that it could repay the dues to Ericsson.

A corporate lawyer said that this is the biggest failure of corporate governance in this country. He pointed out that American investors can even take the bank to court for giving false statements to stock exchanges and even file class action suits. Some even questioned how RBI overlooked Kochhar's misdeed.

Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.

What is worrying is that this year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells in the start-up community in India.

Dina Wadia, Jinnah's only daughter and Nusli Wadia's late mother, moved the high court in 2007 to regain control of the estate.

The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market

According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.

Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs

Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms

Vrde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years

Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.

Sanjeev Gupta of Liberty House, a global supplier of metals and engineering solutions, who has emerged front-runner for a number of stressed companies, plans to fund a string of companies through a mix of equity and debt.

Siva group defaulted on payment in 2016 and is also facing CBI investigation

Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group

Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut

How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.

How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.

NuPower will return loan with interest to consumer durables major by 2021