Tag: National Company Law Tribunal
Reliance Industries Ltd Aims to Raise Rs 53,125 Crores via India’s Biggest Rights Issue; Also, Company’s First in nearly Three Decades
India’s Largest Wind Turbine Maker Suzlon Energy Defaults again Headed for Bankruptcy
Suzlon’s creditors have refused a 50% haircut on their loans and might push the company into bankruptcy resolution, Business Today reports. The wind turbine maker had a net debt of ₹7,751 crore in March 2019, but its market value has plummeted to just ₹1,500 crore. Suzlon’s troubles started in July when it defaulted on $172 […]