HNG promoter offers Rs 1,380 cr in cash, 10% equity to lenders

HNG promoter offers Rs 1,380 cr in cash, 10% equity to lenders | Economic Times

HNG promoter offers Rs 1,380 cr in cash, 10% equity to lenders https://ift.tt/MwZpBvr company has deposited close to ₹110 crore with lenders to show its commitment to pay loans, the people said. Kolkata-based HNG was admitted for insolvency proceedings at the behest of DBS Bank in October last year. HNG did not respond to ET's mailed query.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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