The tribunal comprising Justices P.N. Deshmukh and Shyam Babu Gautam declined to grant a stay by the Torrent group and kept the matter for hearing on January 12...
Ahmedabad-based Torrent Group is offering to pay the entire bid amount of Rs 8,640 crore as upfront cash while maintaining the net present value (NPV) of Rs 8,640 crore quoted during the auction...
As per the laid down process by the lenders, the payment terms and other terms and conditions of the resolution plans were subject to negotiations between lenders and bidders post the auction...