Discover and read the best of Twitter Threads about #nclt

Most recents (4)

.@RahulGandhi&mainstream media kept spewing lies about how #AnilAmbani was favoured,in #Rafale deal,but today when PSB #SBI has dragged Anil's #RComm,to #NCLT in a 1200Cr loan default, @INCIndia&its media cronies are quiet--This should have been mainstream news

#RCommBankruptcy
Loans of Rs 565Cr&635Cr were given to #RComm&RTIL in Aug 2016 by SBI

In Sep2016,#AnilAmbani provided personal guarantee for availing credit facility

In 2017,accounts of #RComm &RITL were held to be in default, since Aug2016.

In Jan2018,#SBI invoked guarantee issued by Anil
"Sec 60(2) of #IBC provides for proceedings against personal guarantors,running parallel to #CIRP;False to assume,no action can be taken against guarantors until #ResolutionPlan is accepted,"said NCLT

Clearly,IBC,by @narendramodi gov is a powerful tool to nail wilful defaulters
Read 3 tweets
SC resumes hearing in AGR case

NK Kaul appearing for @VideoconTelecom's resolution professional: #AGR dues stand crystallized at 1376 cr
SC: Once there is transfer of #spectrum, if it's @VideoconTelecom or @Airtel_Presence's liability, that is to be decided by us
Read 14 tweets
" काही दिवसांपूर्वी #Technical_Write_Off करण्यावरून खूप गदारोळ झाला होता, आणि असं सांगितलं जात होतं की #Technical_Write_Off म्हणजे कर्जमाफी नाही, केलेल्या कर्जाची वसुली सुरूच राहते. या पार्श्वभूमीवर मी State Bank of India ला माहिती अधिकारात 2012-13 ते 2019-20 या 8
वर्षांत दरवर्षी 100 कोटींच्या वर थकीत कर्ज असलेल्या आणि #Technical_Write_Off केलेल्या #Loan_Accounts ची नावं मागितली होती आणि या प्रत्येक लोनची #Technical_Write_Off केल्या नंतरच्या प्रत्येक वर्षात किती वसुली झाली याची माहिती मागितली, जी स्टेट बँकेने ही माहिती एकत्रित उपलब्ध
नसल्यामुळे ती गोळा करण्यासाठी बँकेचे रिसोर्सेस मोठ्या प्रमाणावर वळवावे लागतील असे कारण सांगून नाकारली , मी State Bank चा #Share_Holder असल्याने मी आज झालेल्या State Bank च्या वार्षिक सर्वसाधारण सभेत प्रश्न उपस्थित करण्यासाठी #Share_Holder म्हणून हीच माहीती 22 जून ला मागितली, 2
Read 8 tweets
#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1
@threadreaderapp

#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
On the other hand #CPI is now at 4.6%. The laxmanrekha of 4% has been breached. A mix of drought, floods and unseasonal rain is driving food prices up. Core #inflation continues to fall to 3.7% reflecting the slowdown. /2
#India #GDP #RBI #bonds #ratecut #NBFC #jobs #credit #NPA
The wisemen and women of the economy have only one mantra - Cut, Pray, Hope. When in doubt cut rates.135 bps done but transmission is limited. We are told don’t look at nominal, real rates are still high. A single large cut is required. /3
#India #CPI #GDP #RBI #bonds #inflation
Read 16 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!