Premier has informed that the company has been served a notice by Corporation Bank (one of its secured lenders) intimating that they have filed an application before the National Company Law Tribunal, Mumbai, under Section 7 of the Insolvency and Bankruptcy Code, 2016, for recovery of their dues amounting to Rs 51.99 crores (including principal amount of Rs 31.17 crores). In this connection, the company has had discussions with Corporation Bank since the receipt of this notice, including yesterday, December 11, 2018, to arrive at an amicable settlement of this issue. Based on the said discussions, Corporation Bank has indicated to the company that it is open to considering an amicable settlement and the company is taking the requisite actions in this regard to achieve the same. As disclosed in the notes attached to its quarterly financial results as well as annual reports, the company has initiated steps to monetize its land assets in order to reduce its debt and is hopeful of completing the same by the end of the current Financial Year. In addition, the company is in discussion with Edelweiss Asset Reconstruction Co., its majority secured debt holder, for a comprehensive restructuring plan for the company.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| BHEL | 234.40 |
| Bharat Electronics | 280.80 |
| Thermax | 4488.55 |
| Kirloskar Oil Eng | 1066.25 |
| GMM Pfaudler | 1204.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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