bank guarantee

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    Chronos Properties Secures 6-Month Renewal for IL&FS Asset Bid

    New Delhi, March 16 The National Company Law Appellate Tribunal (NCLAT) has allowed Chronos Properties, backed by Brookfield, which is in the race to acquire the Infrastructure Leasing and Financial Services (IL&FS) flagship Bandra Kurla Complex property, to replace its bank guarantee within a...
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    InterGlobe Aviation Appoints Interim CEO Following Elbers' Resignation

    New Delhi, March 10 IndiGo CEO Pieter Elbers resigned on Tuesday, citing personal reasons, and the country's largest airline has relieved him with immediate effect, a development that comes three months after massive operational disruptions triggered widespread public outrage and regulatory...
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    New Policy Ensures FRP Payments for Leased Sugar Mills in Maharashtra

    Mumbai, February 16 A bank guarantee of ₹10 crore has been mandated for sugar mills in Maharashtra operating on a lease or partnership basis to ensure the timely payment of Fair and Remunerative Price (FRP) to sugarcane farmers, officials said on Monday.The state Cooperation Department's...
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