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SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr

 
 
 Country’s most significant loan provider SBI has lined up six non-carrying out assets (NPAs) for sale to asset reconstruction corporations (ARCs) to get well dues of almost Rs 406 crore. 
 
 The six NPA accounts set up for sale to the ARCs are — Patna Bakthiyarpur Tollway with excellent of Rs 230.66 crore Steelco Gujarat Ltd Rs 68.31 crore GOL Offshore Ltd Rs 50.75 crore Andhra Ferro Alloys Ltd Rs 26.73 crore Expert Ashish Taxfab Rs 17.07 crore and Genix Automations Pvt Ltd Rs 12.23 crore.
 
 
 
 
 
 
 
 “In terms of the bank’s policy on sale of money belongings, in line…
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AGR dues: Telcos to file financial statements before SC; hearing in July
The Supreme Courtroom has asked telecom organizations to file their money statements just before it and mounted adjusted gross profits (AGR) linked dues circumstance from them for hearing in July. The Office of Telecommunications sought time from the apex court docket to respond to telcos replies on payment of AGR linked dues by them. The DoT also filed affidavit describing explanation for raising Rs 4 trillion need of AGR linked dues from PSUs previously. The Centre told that the DoT has resolved to withdraw 96 for every cent of the Rs 4 trillion need for AGR linked dues raised from non-telecom PSUs like GAIL. A bench of justices Arun Mishra,…
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Hughes India arm fears closure over dues; banks may be at risk: Letter
U.S. satellite broadband company Hughes Network Systems may perhaps have to shut its Indian functions owing to unpaid levies owed to the governing administration, which could place hundreds of banking products and services at danger, a enterprise letter seen by Reuters showed. India’s Supreme Court docket late previous year requested a quantity of telecom companies, which include Hughes and much larger companies like Vodafone, to fork out billions of dollars owed to the governing administration. Hughes’ India device supplies products and services to defence, schooling and banking sectors in the region and informed India’s telecoms minister in a letter dated Feb. 20 that it faces personal bankruptcy as it can…
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