Bank Guarantee

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

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.