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    • Bank guarantee waiver to enhance Vodafone Idea's ability to secure debt funding: Analysts

      Vodafone Idea owes over Rs 24,700 crore in bank guarantees (BG). Airtel and Vodafone Idea together hold BG obligations in excess of Rs 30,000 crore

    • Jet Airways case: NCLAT to hear consortium’s plea to stop SBI from invoking bank guarantee on May 22

      As per the order of National Company Law Tribunal (NCLT) from January 13 the the Consortium was supposed to make the first tranche of the payment to Jet's lenders before May 15. However, the consortium is yet to make the payments.

    • IOCL invokes Rs 500-crore bank guarantee by GoFirst, dues at Rs 50 crore now: Sources

      According to sources, IOCL may consider selling fuel to GoFirst on a cash-and-carry basis going ahead when it resumes operations.

    • Sebi bans pledging of clients' funds by brokers as bank guarantees

      Existing BGs created out of clients’ funds shall be wound down by September 30 this year.

    • Star India asks BCCI for discount in current deal, exiting Byju's wants board to encash bank guarantee

      The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting.

    • Gadkari launches 'surety bond insurance' for infra sector

      The product, from the stable of Bajaj Allianz General Insurance, has been developed in response to a demand identified by the industry and the government.

    • MC Explains | Why are banks issuing electronic bank guarantees? 5 questions answered

      HDFC Bank and ICICI Bank recently issued electronic bank guarantees to deliver quick, digital, paperless services. Will more banks follow?

    • What is an electronic bank guarantee?

    • Maha orders review of financial 'mismanagement' by DCC bks

      It has also sought to fix responsibility over the financial losses incurred by them. State Revenue Minister Eknath Khadse, in a meeting with Agriculture and Cooperative Secretary Shailesh Kumar Sharma here yesterday, took stock of the financial position and the amount of crop loans provided to farmers by DCC banks.

    • NGT tells CIL to deposit Rs 10cr bk guarantee in green norm

      While hearing the case filed by NGO Prayatna, the NGT on Friday directed the CIL to submit bank guarantee of Rs 10 crore before the Member Secretary, Madhya Pradesh Pollution Control Board, here, within ten days.

    • 'SpiceJet asked to pay $31.5 mn to state airport operator'

      A senior government official said the aviation ministry would decide the next course of action in case the airline didn't pay by the deadline.

    • SAIL asked to deposit bank guarantee of Rs 57 lakh

      The Coal Ministry has asked Steel Authority of India Ltd to deposit a bank guarantee of Rs 57 lakh for delaying development of a mine in Jharkhand allocated to the company for captive use.

    • RIL gas pricing: Govt decision pragmatic says SC Tripathi

      Former Oil Secretary, SC Tripathi feels the decision taken by the cabinet to allow RIL to hike gas price was pragmatic and fair.

    • CCEA okays higher gas price for RIL but with riders

      The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main Dhirubhai-1 and 3 (D1&D3) fields in the eastern offshore KG-D6 block since 2010-11, sources said.

    • Coalmin deallocates mine in Odisha alloted to 4 PSUs

      The Coal Ministry has said it has decided to deallocate a coal block in Odisha jointly allocated to four PSUs, including Odisha Mining Corp and Assam Mineral Development Corp for delays in production.

    • Govt to deduct bank guarantee of 2 cos for Bijahan block

      The government has decided to deduct bank guarantee to the extent of Rs 6.49 crore with regard to a coal block in Orissa jointly allocated to Bhushan and Mahavir Ferro Alloys for delays in production.

    • Govt decides to deduct Rs 39 cr guarantee for 2 coal mines

      The government has decided to deduct bank guarantees worth Rs 39 crore in the case of two mines allocated to five firms, including Tata Sponge and Bajrang Ispat.

    • Govt decides to deallocate coal mine jointly given to 3 cos

      Acting on the recommendations of the Inter-Ministerial Group on coal blocks, the government has decided to deduct or forfeit bank guarantees to the tune of Rs 25.7 crore as the case may be, involving 11 firms for sitting idle on coal blocks allocated to them for captive use.

    • Deallocation, bank guarantee deduction for coal blocks

      The coal ministry has ordered deduction of bank guarantee in the case of DB Power while deallocating coal blocks of some firms. In the case of DB Power, the IMG (inter-ministerial group) has recommended the deduction of bank guarantee to the extent of Rs 5.1 crore.

    • Deccan fails on bank guarantee, BCCI free to take action

      Cash-strapped Deccan Chronicles Holdings Ltd (DCHL) today failed to give Rs 100 crore Bank Guarantee to BCCI as directed by the Bombay High Court after which the BCCI is free to take action on its earlier decision to terminate its IPL franchise Deccan Chargers.

    • HC gives 3 days more to DCHL for giving bank guarantee

      The Bombay High Court today granted three more days to Deccan Chronicles Holdings Ltd (DCHL) to give an irrevocable and unconditional bank guarantee of Rs 100 crore to the Indian cricket board regarding IPL franchise Deccan Chargers.

    • Give time to Loop Telecom to clear dues: TDSAT to BSNL

      Telecom tribunal TDSAT has directed state-owned BSNL to give at least a week's time to Loop Telecom to clear dues before encashing its bank guarantee to settle the network interconnect usage charges.

    • CBDT order on Mah Satyam won't take effect for 2 weeks

      The Supreme Court today said the CBDT order, as and when it is passed, on Mahindra Satyam tax dispute case would not take effect for two weeks so that the IT company may challenge it in an appropriate forum.

    • Mahindra Satyam to put petition for new consideration

      CP Gurnani of Mahindra Satyam, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, spoke about their tax case.

    • SC asks RCom to deposit 50% of hiked sprectrum fee

      The Supreme Court has directed two Anil Ambani group firms Reliance Communications and Reliance Telecom to deposit 50% of the increased spectrum usage charge demanded by DoT and to submit a bank guarantee for the rest within two weeks.

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