Bank of Baroda had filed an insolvency resolution petition against the maker of polyester-based products at the Ahmedabad bench of the National Company Law Tribunal in September.
The NCLAT has relied on its recent decision in Binani Industries Ltd while passing the order.
Out of the total debt owed by the company, around 40 per cent of Rs 40,000 crore is estimated to be bank loans.
We held our ground by staying away from funding what we perceived were riskier assets, Deepak Parekh said.
AAA companies have raised a total of Rs 92,191 crore in the quarter ended June 2019.
Total income increased 21 per cent to Rs 6,891 crore, from Rs 5,716 crore.
The lenders are trying to rescue DHFL with outstanding debt of over Rs 1 lakh crore and prevent a default.
There’s a spike in share of downgraded/suspended companies in Q3 & Q4 of FY19
India’s a thriving economy, but very expensive in global context: Christian Gattiker-Ericsson, Julius Baer
"We could see a major emerging markets boom in early 2020s, similar to what we saw in 2002 and 2003."
US' imposition of 25% tariff on China would reduce global economic output by 40 basis points in 2020 slowing global growth to 2.7% this year, credit rating agency Fitch said.
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