Debt financing
The National Company Law Tribunal (NCLT) has allowed withdrawal of insolvency proceedings against real estate development firm Nirmal Lifestyle. NCLT has also lifted a moratorium on the company. Nirmal Lifestyle has…
Debt financing
Solar project developer Avaada Energy is raising green bonds for INR 1440 crore in the Indian capital market at 6.75% making it India's largest such issue by any renewable energy developer. The bonds are certified by…
Debt financing
The National Company Law Tribunal (NCLT), Chennai, has ordered the liquidation of Easun Reyrolle, which is engaged in the business of providing power management products, systems and services, after no successful…
Debt financing
Direct-to-consumer (D2C) online fashion clothing brand Label Shaurya Sanadhya has raised funding from revenue-based financierVelocity.in. Founded by Shaurya Sanadhya, a Pune-based fashionista-turned-entrepreneur, the…
Debt financing
Vasan Eye Care's committee of creditors (CoC) has unanimously approved an around INR 600 crore offer from ASG Eye Hospital to acquire the Chennai-based eye specialty chain. The resolution plan will now be submitted to…
Debt financing
The committee of creditors (CoC) of IL&FS Financial Services, has rejected the offer of UV Asset Reconstruction Company (UVARC) to buy the former's assets. UVARC had offered to pay INR 370 crore for the INR 4,300-crore…
Debt financing
Subscription-based furniture rental company Furlenco has raised INR 75.3 crore (around USD 10 million) in debt by allotting 75,03,370 compulsory convertible debentures (CCDs) for a period of one year at the value of…
Debt financing
The Ministry of Corporate Affairs (MCA) has asked the Serious Fraud Investigation Office (SFIO) to investigate the books and dealings of Amtek Auto with its group companies. The MCA decision was conveyed to NCLT…
Debt financing
Deutsche Bank has moved the National Company Law Tribunal (NCLT) to block ArcelorMittal's INR 4,000-crore takeover of Uttam Galva Steels under the Insolvency and Bankruptcy Code (IBC). It has claimed that it has been…
Debt financing
The National Company Law Appellate Tribunal has set aside an order of NCLT (National Company Law Tribunal) that rejected an appeal by Reliance Asset Reconstruction Company Ltd (RARCL) to initiate insolvency proceedings…
