Debt financing
Tata Power and ICICI Bank-backed Resurgent Power Ventures have emerged as highest bidders for Southeast UP Power Transmission Company under the insolvency procedure, offering an upfront payment of INR 3,251 crore. The…
Debt financing
IndusInd Bank has filed for bankruptcy proceedings against Zee Entertainment Enterprises at the Mumbai Bench of the National Company Law Tribunal (NCLT). IndusInd Bank claims to be the financial creditor before the…
Debt financing
Three arms of Adani Green Energy Ltd (AGEL) have collectively raised INR 612.30 crore through their maiden domestic bond issue on private placement basis for debt refinancing. The rated, listed, secured, redeemable…
Debt financing
German logistics giant DHL has dragged Future Supply Chain Solutions to the National Company Law Tribunal (NCLT), claiming it is owed INR 7.26 crore for services it had rendered to the company, which it claims the…
Debt financing
Reliance Industries Ltd (RIL) has submitted a revised resolution plan to National Company Law Tribunal (NCLT), Ahmedabad, to acquire the debt-ridden Sintex Industries Ltd for an offer of INR 2,700-2,800 crore to the…
Debt financing
The incorporation of cross-border insolvency, where an insolvent debtor has assets and creditors in more than one country, into India's Insolvency and Bankruptcy Code (IBC), is expected to aid banks, improving recovery…
Debt financing
The Supreme Court has asked a consortium of banks to file an affidavit after Kishore Biyani-led Future Group Ltd ((FRL) sought the quashing of their warnings against the company for starting insolvency proceedings…
Debt financing
The Supreme Court has given air carrier SpiceJet three weeks to resolve its dispute over the non-payment of more than USD 24 million to a Swiss company towards maintenance, repairs and overhaul of aircraft engines and…
Debt financing
The liquidation proceedings of Siva Industries and Holdings, a Chennai-based firm, is all set to land in the Supreme Court after the National Company Law Appellate Tribunal (NCLAT) rejected a settlement offer made by…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has set aside the order of the Mumbai bench of the NCLT, which had directed the administrator of the debt-ridden DHFL to put the second settlement proposal by…
