Debt financing
The Delhi bench of the National Company Law Tribunal (NCLT) has initiated bankruptcy proceedings against Anand Divine Developers Pvt Ltd, a group company of realty developer ATS over dues of INR 25 crore. ICICI…
Debt financing
Coffee Day Enterprises Ltd on Wednesday has defaulted INR 479.68 crore over dues on repayment of loans and unlisted debt securities in the quarter ended March 31, 2022. The company has defaulted INR 224.88 crore on…
Debt financing
State Bank of India (SBI) has approached the dedicated bankruptcy court against BSE-listed Global Offshore Services Ltd to admit the company under Corporate Insolvency Resolution Process . Mumbai-based Global Offshore…
Debt financing
Construction firm Jaiprakash Associates has defaulted on lender payments of about INR 2,900 crore. The company has INR 1,544 crore of interest overdues and INR 1,353 crore principal dues to lenders. It has a total…
Debt financing
The National Company Law Tribunal (NCLT) has ordered initiation of insolvency proceedings against Santasha Real Estate. The order came on a plea filed by Vani Advertising, an operational creditor to the company, which…
Debt financing
Budget carrier SpiceJet Ltd claims to have reached an in-principle agreement with Credit Suisse for settlement of a dispute which entails the airline paying the settlement amount over some time. SpiceJet had already…
Debt financing
The Adani Group has achieved financial closure for the greenfield airport project in Navi Mumbai with SBI underwriting its entire debt requirement of INR 12,770 crore. The group took over the Mumbai international…
Debt financing
The National Company Law Tribunal (NCLT) has dismissed Rabobank's plea to initiate insolvency proceedings against Coffee Day Global, which operates the nationwide chain of Cafe Coffee Day outlets. The Bengaluru bench…
Debt financing
Regional airline Zoom Air's parent company Zexus Air Pvt Ltd has been dragged to the insolvency court National Company Law Tribunal (NCLT) for unpaid dues. An expatriate pilot associated with the company had filed an…
Debt financing
A financial creditor approached the National Company Law Tribunal (NCLT) against the developer – Mascot Soho Homes Pvt Ltd - over non-payment of dues worth INR 1.86 crore. The NCLT on January 12 admitted the insolvency…
