🏗️📑 SUPREME INFRA GETS 60-DAY EXTENSION FOR DEBT SETTLEMENT
• ⏳ Remaining lenders have agreed in principle to a 60-day extension for completing obligations under the NCLT-approved scheme
• 💰 The company has already demonstrated fund availability and made substantial payments under the settlement plan
• 🏦 Three lenders are awaiting internal approvals and clarifications before operationalising the escrow mechanism
• ⚖️ The Court-Appointed Commissioner reviewed the implementation progress and recommended additional time for completion
🟢 Impact: Positive
📈 The extension provides additional time to complete the debt resolution process, while lender support and demonstrated funding availability indicate progress toward successful implementation of the NCLT-approved settlement scheme.
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🧠RIDDLE TIME:
✔️I hide NPAs from bank balance sheets.
✔️I pool bad loans for investor appetites.
✔️I thrive on security receipts and waterfalls.
✔️Banks exhale when I take the mess.
"Who Am I?"
Follow @CreditCurators#DistressedAssets#DebtResolution#InvestmentBank
Receiving a call from a debt collector can be stressful, but knowing your rights can empower you! Here are some key points to keep in mind:
1. Verify the Debt: Always ask for proof of the debt. You have the right to know who you owe and how much.
2. Know Your Rights: The Fair Debt Collection Practices Act (FDCPA) protects you from abusive practices. Debt collectors cannot harass you or call at odd hours.
3. Negotiate: It’s possible to negotiate a payment plan or even settle for less than you owe. Don’t hesitate to discuss your options!
4. Document Everything: Keep records of all communications. Write down dates, names, and what was discussed.
5. Seek Help if Needed: If you're feeling overwhelmed, consider reaching out to a professional for guidance.
Remember, you're not alone in this! Stay informed and proactive to manage your debts effectively.
#DebtCollector#FinancialLiteracy#KnowYourRights#MoneyManagement#DebtResolution
🚨Prescription Awareness🚨
Important reminder for our clients! 📝 When it comes to prescribing an account, we can only assist if:
- The account is 3 years old
- No payment arrangements were made
- No summons was received
- No payments were made
Many clients think we can perform miracles, claiming they've stopped paying for years, but investigations often reveal recent payments. If you've made payments or arrangements, you might not qualify for prescription. Let's be realistic about your account's eligibility. If you meet the criteria, we'll be happy to help. 💼
#PrescriptionAwareness#DebtResolution#MKHDebtors#MadlangaCommission#CrowningThursday#NedbankIMC2025#ShopTillYouDrop#BudgetInsurance