Reliance Power said in a regulatory filing on Wednesday that it has repaid ₹3,872.04 crore as a corporate guarantor of the debt of its former subsidiary Vidarbha Industries Power. Vidarbha Industries owns the 600 MW thermal power plant at Butibori in Nagpur, which the Adani Group is looking to acquire. August 19, Mint Adani Power
When the IBC was adopted by India in 2016, Parliament had intended that the time period for insolvency resolution be mandatorily limited to 330 days, inclusive of one extension and the time taken in legal proceedings. This time limit is observed more in the breach than in performance. We must recognize that a delay depreciates
The Unified Payments Interface (UPI) transformed payments. In the process, it streamlined transactions, connected banks and enabled ecosystem players to build citizen-centric solutions. In 20 years, credit card companies got just 9 million point-of-sale terminals to merchants, whereas, just eight years after its launch, India already has 350 million UPI QR codes. The UPI journey