escrow account

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    UltraTech Settles Arbitration Dispute with Jaiprakash Associates

    New Delhi, March 26 Leading cement maker UltraTech Cement on Thursday said it has settled with Jaiprakash Associates Ltd (JAL) in the arbitration dispute over the Dalla Super unit and associated mines.In a regulatory filing, UltraTech Cement said 1,00,000 Series A Redeemable Preference Shares...
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    RBI Slaps Penalty on Cashfree for Non-Compliance

    Mumbai, March 16 The Reserve Bank on Monday imposed a penalty of Rs 3.1 lakh on the payment aggregator Cashfree Payments India Private Ltd for non-compliance with its directions.The RBI found that Cashfree made certain "unauthorized deductions" from an escrow account, according to an official...
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    Sovereign Guarantee Bonds: MTNL Faces Funding Issue

    New Delhi, March 13 State-owned MTNL has failed to deposit interest on sovereign guarantee bonds in the escrow account due on March 24 this year, the company said in a regulatory filing on Friday.According to the structured payment mechanism of the Tri-Partite Agreement (TPA) signed among...
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