Debt financing
Ravi Mital has taken charge as Chairperson of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi. A 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, Mital holds degrees of BE in…
Debt financing
Lenders to Future Retail have classified the account as a non-performing asset (NPA), but do not want to take any pre-emptive action, and have asked the company to submit a "viable" resolution plan. Last month, Future…
Debt financing
State Bank of India has moved the National Company Law Tribunal (NCLT) against Essel Infraprojects for recovery of debts under the Insolvency and Bankruptcy Code (IBC). SBI had loaned around INR 100 crore to two of…
Debt financing
Gautam Adani's Adani Properties and Naveen Jindal's Jindal Power have shown interest in the bankrupt Videocon Group's consumer durables business and a dozen other units. The two entered the race after Videocon's…
Debt financing
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the liquidator of Sterling Biotech to stay the auctioning process of the company until further orders. The NCLT was hearing a petition filed by…
Debt financing
India Infrastructure Finance Company (IIFCL), a government company, has invested INR 325 crore in the non-convertible debentures (NCDs) issued by KKR-backed InvIT Virescent Renewable Energy Trust (VRET). IIFCL made an…
Debt financing
The dedicated bankruptcy court has approved Singapore-based Taguda's revival plan for BSE-listed Ushdev International. The company, featuring in the central bank's second list of large defaulters, was referred for…
Debt financing
The National Company Law Tribunal, Chennai has admitted the application filed by State Bank of India (financial creditor) against Coastal Energen - the power generating flagship company of the Dubai-based Coal and Oil…
Debt financing
A consortium of Ahmedabad-based GSEC Ltd and its promoter Rakesh Shah has emerged as the winning bidder for Diamond Power Infrastructure Ltd that is undergoing a debt resolution process under the Insolvency and…
Debt financing
KKR Jupiter Investors backed JBF Petrochemicals was admitted for insolvency proceedings by the Ahmedabad bench of the National Company Law Tribunal (NCLT) after an out-of-court resolution in the works since October…
