Code Context </style>
<?php if(sizeof($quizpole)>0){?>
<h3>Quiz for <?php echo $title; ?></h3>
$viewFile = '/var/www/currentaffairs.studyiq.com/plugins/Studyiq/src/Template/Pages/tagdetails.ctp'
$dataForView = [
'headertags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {},
(int) 6 => object(Cake\ORM\Entity) {},
(int) 7 => object(Cake\ORM\Entity) {},
(int) 8 => object(Cake\ORM\Entity) {},
(int) 9 => object(Cake\ORM\Entity) {},
(int) 10 => object(Cake\ORM\Entity) {},
(int) 11 => object(Cake\ORM\Entity) {},
(int) 12 => object(Cake\ORM\Entity) {},
(int) 13 => object(Cake\ORM\Entity) {}
],
'breadcrumb' => [
(int) 0 => [
'name' => 'Home',
'link' => 'https://currentaffairs.studyiq.com/'
],
(int) 1 => [
'name' => 'miscellaneous',
'link' => 'https://currentaffairs.studyiq.com/tags/miscellaneous-4'
]
],
'previous' => [
(int) 0 => object(Cake\ORM\Entity) {}
],
'next' => [
(int) 0 => object(Cake\ORM\Entity) {}
],
'currentaffairs' => [
(int) 0 => object(Cake\ORM\Entity) {}
],
'customer_id' => '',
'metadescription' => 'miscellaneous, Videocon group is reeling under the NPA crisis and has large amounts yet to be returned. The banks were forced to make 95.85 per cent haircut to their claims.',
'metakeyword' => 'NCLT to re-check Vedanta-Videocon deal | Resolution plan | Effects of resolution',
'title' => 'miscellaneous, NCLT to re-check Vedanta-Videocon deal',
'tagname' => 'miscellaneous',
'sbanners' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {}
],
'params' => [
(int) 0 => 'miscellaneous-4',
(int) 1 => 'nclt-re-check-vedanta-videocon-deal'
]
]
$headertags = [
(int) 0 => object(Cake\ORM\Entity) {
'id' => (int) 3,
'name' => 'Art & Culture',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'art-culture',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Current Affairs Arts and Cultures Articles | Current Affairs',
'metakeyword' => 'Current Affairs Arts, Cultures Articles, Cultures Current Affairs Articles, Cultures Current Affairs, Current Affairs, Current Affair GK, General Knowledage',
'metadescription' => 'Current Affairs Arts and Cultures Articles complete current affairs details of Arts and cultures with complete depth analysis or full details of all current affair Articles',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 1 => object(Cake\ORM\Entity) {
'id' => (int) 4,
'name' => 'Polity & Governance',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'polity-governance',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Polity Current Affairs | Governance Current Affair | Polity GK',
'metakeyword' => 'Polity Current Affairs, Governance Current Affair, Polity GK, Current Affairs of Polity, Current Affairs of Governance, Current affair Polity',
'metadescription' => 'Polity Current Affairs, Governance Current Affair, and current affairs of Polity and Governance and more get with Study IQ Education Articles and full details',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 2 => object(Cake\ORM\Entity) {
'id' => (int) 5,
'name' => 'International Affairs',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'international-affairs',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'International Affairs | International Current Affairs, GK, News',
'metakeyword' => 'International Affairs, International Current Affairs, International GK, International News, International burning Issues, International Today Affairs, International Current Affair, International current affairs 2019',
'metadescription' => 'International Affairs, International Current Affairs, GK, News, burning issues and all relative information of Internation you can get here for depth knowledge',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 3 => object(Cake\ORM\Entity) {
'id' => (int) 6,
'name' => 'Economy',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'economy',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Economy Current Affairs | Economy Current Affair 2019 | Study IQ',
'metakeyword' => 'Economy Current Affairs, Economy Current Affair, Economy Current Affair 2019, Economy GK news, Economy Affairs, Current Affairs Economy, Current Affair Economy',
'metadescription' => 'Economy Current Affairs, Economy Current Affair 2019 and all the Economy Current Affair, GK, Burning Issues, News, get on study IQ education for exams preparation',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 4 => object(Cake\ORM\Entity) {
'id' => (int) 7,
'name' => 'Banking Awareness',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'banking-awareness',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Banking Awareness Current Affairs, GK, News, Burning Issues',
'metakeyword' => 'Banking Awareness, Current Affairs, Current Affair, bANKING CURRENT AFFAIRS, Current affair of Banking, Current affair of Bank, Current affairs of Bank, BAnk current affairs',
'metadescription' => 'Banking Awareness Current Affairs, GK, News, Burning Issues, and all the latest current affairs of Banking Awareness or Banking for Govt exams preparation',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 5 => object(Cake\ORM\Entity) {
'id' => (int) 8,
'name' => 'Defence & Security',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'defence-security',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Defence Current Affairs | Defence & Security Current Affairs',
'metakeyword' => 'Defence Current Affairs, Current Affairs, Current Affair, Current Affairs of Defence, Security Current Affairs, Security Current Affairs 2019, Security Current Affairs daily, Defence Current Affairs Daily',
'metadescription' => 'Defence Current Affairs, Defence & Security Current Affairs and complete details of Defence & Security current affairs, burning issues of Defence, Defence Today News ',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 6 => object(Cake\ORM\Entity) {
'id' => (int) 9,
'name' => 'Environment',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'environment',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Environment Current Affairs, Current Affairs 2019- Study IQ',
'metakeyword' => 'Environment Current Affairs, Current Affairs Articles, Current Affairs of Environment, Current Affairs Environment',
'metadescription' => 'Environment Current Affairs, Current Affairs 2019, Study IQ provide complete information of Environment Current Affairs, GK, Bunrning Issues, latest news and more',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 7 => object(Cake\ORM\Entity) {
'id' => (int) 10,
'name' => 'Science & Technology',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'science-technology',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Science & Technology Current Affairs | Science Current Affairs',
'metakeyword' => 'Science & Technology Current Affairs, Science & Technology Current Affair, Science Current Affairs, Science Current Affair, Technology Current Affair, Technology Current Affairs',
'metadescription' => 'Science & Technology Current Affairs, Science Current Affairs, Technology today affairs and more relative Science & Technology information get here free',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 8 => object(Cake\ORM\Entity) {
'id' => (int) 11,
'name' => 'Miscellaneous',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'miscellaneous',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Miscellaneous Current Affairs Articles 2019, GK News | Study IQ',
'metakeyword' => 'Current Affairs Articles 2019, Miscellaneous Current Affairs, GK News, Current Affairs Articles',
'metadescription' => 'Current Affairs Articles, Current Affairs GK News analysis, and all topic relative information get here free and online so no need go anywhere that makes time saving ',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 9 => object(Cake\ORM\Entity) {
'id' => (int) 12,
'name' => 'Government Schemes',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'government-schemes',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Government Schemes Current Affairs | Govt Current Affairs StudyIQ',
'metakeyword' => 'Government Schemes Current Affairs, Government Current Affairs, Current Affairs of government, ',
'metadescription' => 'Government Schemes Current Affairs, Government Current Affairs ad all government relative latest information, news, burning issues and more get here',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 10 => object(Cake\ORM\Entity) {
'id' => (int) 13,
'name' => 'Persons in News',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'persons-in-news',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Persons in News | Current Affairs, Awards, Books, Obituaries News',
'metakeyword' => 'Persons in News, Current Affairs, Awards, Books, Obituaries News',
'metadescription' => 'Persons in News, Current Affairs, Awards, Books, Obituaries News, and all the daily current affairs news you will get here with complete information',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 11 => object(Cake\ORM\Entity) {
'id' => (int) 14,
'name' => 'Constitution',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'constitution',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Constitution | Indian Constitution | World Constitution ',
'metakeyword' => 'constitution, Indian Constitution, World Constitution, Country Constitution ',
'metadescription' => 'Get the all the country constitution like Indian constitution, world constitution and more here you can get all the latest information relative to constitution',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 12 => object(Cake\ORM\Entity) {
'id' => (int) 15,
'name' => 'Biodiversity',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'biodiversity',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Biodiversity | ??? ??????? | Biodiversity Current affairs',
'metakeyword' => 'Biodiversity, ??? ???????, Biodiversity Current affairs',
'metadescription' => 'Biodiversity, ??? ???????, Biodiversity Current affairs, Get the latest Biodiversity information with us where you get all the latest information about Biodiversity',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
},
(int) 13 => object(Cake\ORM\Entity) {
'id' => (int) 16,
'name' => 'Ecology',
'parent_id' => (int) 2,
'description' => '',
'keyword' => 'ecology',
'sortorder' => (int) 0,
'status' => (int) 1,
'metatitle' => 'Ecology Topic Wise Current afairs | Ecology Current Affairs ',
'metakeyword' => 'Ecology Current Affairs, Ecology Current Affairs 2021, Best Ecology Current Affairs, ecology topic wise current affairs, ecology',
'metadescription' => 'Best Ecology Current affairs - Get the ecology topic current affairs for all the govt exams preparation with best studyiq faculties and also get free ecology topic pdf on daily basis ',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'cacategories'
}
]
$breadcrumb = [
(int) 0 => [
'name' => 'Home',
'link' => 'https://currentaffairs.studyiq.com/'
],
(int) 1 => [
'name' => 'miscellaneous',
'link' => 'https://currentaffairs.studyiq.com/tags/miscellaneous-4'
]
]
$previous = [
(int) 0 => object(Cake\ORM\Entity) {
'tags' => 'miscellaneous',
'keyword' => 'miscellaneous-4',
'title' => 'HDFC and HDFC Bank to be merged',
'posturl' => 'hdfc-and-hdfc-bank-merged',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'currentaffairs'
}
]
$next = [
(int) 0 => object(Cake\ORM\Entity) {
'tags' => 'miscellaneous',
'keyword' => 'miscellaneous-4',
'title' => 'Kotak Mahindra Bank launches first debit card-based authentication solution',
'posturl' => 'kotak-mahindra-bank-first-debit-card-based-authentication-solution',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'currentaffairs'
}
]
$currentaffairs = [
(int) 0 => object(Cake\ORM\Entity) {
'tag' => 'miscellaneous',
'keyword' => 'miscellaneous-4',
'id' => (int) 8086,
'title' => 'NCLT to re-check Vedanta-Videocon deal',
'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vedanta group is set to acquire Videocon Industries after the National Company Law Tribunal (NCLT) approved its resolution plan. </span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Videocon group is reeling under the NPA crisis and has large amounts yet to be returned. The banks were forced to make 95.85 per cent haircut to their claims.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Mumbai branch of National Company Law Tribunal (NCLT) thinks that the bid of Rs 2,962 crore by Twin Star Technologies of Vedanta group was very meagre.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Resolution plan</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The assenting secured creditors of the company will get 4.89 percent of their amount whereas dissenting secured creditors will get 4.56 percent of the amount.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The assenting unsecured creditors will receive only 0.62 percent whereas dissenting unsecured creditors will get no money. Operational creditors will get only 0.72 percent.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The lending banks had made claims for Rs 71,433 crore but will receive only Rs 2,962 crore. The banks will lose 64,838.63 crore under the current plan.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Effects of resolution</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">There were large lenders in form of MSMEs. Under current plan, they will be only paid 0.72 percent. If they don’t receive their dues, they may also face bankruptcy in future.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The equity shareholders will receive no amount during resolution as the liquidity value of the company is nil. The shares will be delisted from NSE and BSE.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Haircut for banks</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Banks have suffered huge losses due to the haircut process during resolution. The amount Rs 2.97 lakh crore is the total value of haircut.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Banks are trying to use the SARFAESI act to seize the assets of the company and recover the due amount they owe.</span></span></p>
</li>
</ul>
',
'created_date' => object(Cake\I18n\FrozenDate) {},
'posturl' => 'nclt-re-check-vedanta-videocon-deal',
'image' => 'https://www.mediafire.com/file/j32x6jzfg8tfvid/2.jpg',
'fbimage' => 'https://www.mediafire.com/file/j32x6jzfg8tfvid/2.jpg',
'metatitle' => 'NCLT to re-check Vedanta-Videocon deal',
'metakeyword' => 'NCLT to re-check Vedanta-Videocon deal | Resolution plan | Effects of resolution',
'metadescription' => 'Videocon group is reeling under the NPA crisis and has large amounts yet to be returned. The banks were forced to make 95.85 per cent haircut to their claims.',
'author' => null,
'downlaodpdf' => 'https://www.mediafire.com/file/9hxeikxx4g5kcat/2._NCLT_to_re-check_Vedanta-Videocon_deal.pdf/file',
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'currentaffairs'
}
]
$customer_id = ''
$metadescription = 'miscellaneous, Videocon group is reeling under the NPA crisis and has large amounts yet to be returned. The banks were forced to make 95.85 per cent haircut to their claims.'
$metakeyword = 'NCLT to re-check Vedanta-Videocon deal | Resolution plan | Effects of resolution'
$title = 'NCLT to re-check Vedanta-Videocon deal'
$tagname = 'miscellaneous'
$sbanners = [
(int) 0 => object(Cake\ORM\Entity) {
'id' => (int) 61,
'bannername' => 'http://www.mediafire.com/convkey/5f54/lodkrbkhwk5lg1q6g.jpg',
'bannerlink' => 'https://www.studyiq.com/course-detail/ssc-bank-combo',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 1 => object(Cake\ORM\Entity) {
'id' => (int) 62,
'bannername' => 'http://www.mediafire.com/convkey/0552/k9b1o467l8edtbc6g.jpg',
'bannerlink' => 'https://studyiq.com/courses/state-exams',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 2 => object(Cake\ORM\Entity) {
'id' => (int) 63,
'bannername' => 'http://www.mediafire.com/convkey/154a/6y1qvv7v118759h6g.jpg',
'bannerlink' => 'https://www.studyiq.com/course-detail/upsc-ias-pre-mains',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
},
(int) 3 => object(Cake\ORM\Entity) {
'id' => (int) 64,
'bannername' => 'http://www.mediafire.com/convkey/563c/o65x6jso51flz886g.jpg',
'bannerlink' => 'https://studyiq.com/courses/upsc/optional-subjects',
'isright' => (int) 0,
'status' => (int) 1,
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'sitebanners'
}
]
$params = [
(int) 0 => 'miscellaneous-4',
(int) 1 => 'nclt-re-check-vedanta-videocon-deal'
]
$b = [
'name' => 'miscellaneous',
'link' => 'https://currentaffairs.studyiq.com/tags/miscellaneous-4'
]
$currentaffair = object(Cake\ORM\Entity) {
'tag' => 'miscellaneous',
'keyword' => 'miscellaneous-4',
'id' => (int) 8086,
'title' => 'NCLT to re-check Vedanta-Videocon deal',
'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vedanta group is set to acquire Videocon Industries after the National Company Law Tribunal (NCLT) approved its resolution plan. </span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Videocon group is reeling under the NPA crisis and has large amounts yet to be returned. The banks were forced to make 95.85 per cent haircut to their claims.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Mumbai branch of National Company Law Tribunal (NCLT) thinks that the bid of Rs 2,962 crore by Twin Star Technologies of Vedanta group was very meagre.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Resolution plan</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The assenting secured creditors of the company will get 4.89 percent of their amount whereas dissenting secured creditors will get 4.56 percent of the amount.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The assenting unsecured creditors will receive only 0.62 percent whereas dissenting unsecured creditors will get no money. Operational creditors will get only 0.72 percent.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The lending banks had made claims for Rs 71,433 crore but will receive only Rs 2,962 crore. The banks will lose 64,838.63 crore under the current plan.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Effects of resolution</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">There were large lenders in form of MSMEs. Under current plan, they will be only paid 0.72 percent. If they don’t receive their dues, they may also face bankruptcy in future.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The equity shareholders will receive no amount during resolution as the liquidity value of the company is nil. The shares will be delisted from NSE and BSE.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Haircut for banks</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Banks have suffered huge losses due to the haircut process during resolution. The amount Rs 2.97 lakh crore is the total value of haircut.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Banks are trying to use the SARFAESI act to seize the assets of the company and recover the due amount they owe.</span></span></p>
</li>
</ul>
',
'created_date' => object(Cake\I18n\FrozenDate) {},
'posturl' => 'nclt-re-check-vedanta-videocon-deal',
'image' => 'https://www.mediafire.com/file/j32x6jzfg8tfvid/2.jpg',
'fbimage' => 'https://www.mediafire.com/file/j32x6jzfg8tfvid/2.jpg',
'metatitle' => 'NCLT to re-check Vedanta-Videocon deal',
'metakeyword' => 'NCLT to re-check Vedanta-Videocon deal | Resolution plan | Effects of resolution',
'metadescription' => 'Videocon group is reeling under the NPA crisis and has large amounts yet to be returned. The banks were forced to make 95.85 per cent haircut to their claims.',
'author' => null,
'downlaodpdf' => 'https://www.mediafire.com/file/9hxeikxx4g5kcat/2._NCLT_to_re-check_Vedanta-Videocon_deal.pdf/file',
'[new]' => false,
'[accessible]' => [
'*' => true
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'currentaffairs'
}
$downloadpdf = 'https://www.mediafire.com/file/9hxeikxx4g5kcat/2._NCLT_to_re-check_Vedanta-Videocon_deal.pdf/file'
$tags = '<a href="https://currentaffairs.studyiq.com/tags/miscellaneous-4">miscellaneous</a>'include - ROOT/plugins/Studyiq/src/Template/Pages/tagdetails.ctp, line 161
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1196
Cake\View\View::_render() - CORE/src/View/View.php, line 1157
Cake\View\View::render() - CORE/src/View/View.php, line 765
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 623
App\Controller\PagesController::tags() - APP/Controller/PagesController.php, line 995
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 440
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 119
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 93
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 108
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 104
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 98
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
