RInfra lenders sign pact for debt resolution
The company in a regulatory filing also said that it aims to be a 'zero debt' firm by the year 2020.
The company in a regulatory filing also said that it aims to be a 'zero debt' firm by the year 2020.
Also, the National Company Law Appellate Tribunal directed the Committee of Creditors (CoC) to produce a gist of the resolution plan submitted by NBCC and objections they have with regard to the plan.
'The debt recast plan will be arrived at as per the RBI's revised circular on resolving asset quality stress.'
There are rising concerns over financial health of Jet Airways, whose shares have also taken a beating at stock exchanges.
It is the Indian taxpayer who will foot the bill for the banks’ recent recapitalisation plan and the state-run lenders…
