NARCL declines to match Phoenix ARC's bid for Mittal Corp

NARCL declines to match Phoenix ARC's bid for Mittal Corp | Economic Times

NARCL declines to match Phoenix ARC's bid for Mittal Corp https://ift.tt/7gtYdfm offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% security receipts (SRs) which would have been issued by NARCL to be liquidated and paid to banks only after recovery is made.

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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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