Debt financing
The Insolvency and Bankruptcy Board of India (IBBI) has proposed four changes to corporate insolvency resolution process (CIRP) regulations to reduce delays. Firstly, it is proposed that operational creditors file…
Debt financing
Blacksoil Capital has invested USD 1.5 million as venture debt funding in Bangalore-based Eloquent Info Solutions Pvt Ltd, which operates blue-collar recruitment service WorkIndia. The startup plans to direct the funds…
Debt financing
The Central Bureau of Investigation (CBI) has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for alleged bank fraud amounting to INR 1,245 crore. The…
Debt financing
Housing Development Finance Corporation Ltd (HDFC) has moved insolvency tribunal NCLT against multi-system operator SITI Networks Ltd. HDFC, in the petition filed under Section 7 of the Insolvency and Bankruptcy Code…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has stayed formation of Committee of Creditors (COC) to overtake Anand Divine Developers Pvt Ltd, a subsidiary of Noida-based realty developer ATS group, against whom…
Debt financing
The Supreme Court has stayed the National Company Law Appellate Tribunal's (NCLAT) order that ruled a stipulation in the DHFL resolution plan as "illegal". A SC bench issued a notice on separate appeals filed by the…
Debt financing
Future Retail's lenders have selected Vijaykumar Iyer, backed by Deloitte India, as the interim resolution professional (RP) for referring the hypermarket chain to the bankruptcy court. Lenders will approach the Mumbai…
Debt financing
Asian Development Bank (ADB) and French firm Louis Dreyfus Company BV's (LDC) have signed a USD 100 million (around INR 760 crore) loan pact. The loan will support LDC's operations in India, Indonesia, Pakistan…
Debt financing
Bank of Baroda has approached a bankruptcy court for recovery of its dues to Gayatri Projects, promoted by former Rajya Sabha MP T Subbarami Reddy. The company owes about INR 6,000 crore to various banks with Bank of…
Debt financing
The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Tata Steel Mining Limited for the acquisition of debt-laden Rohit Ferro-Tech Limited.
