Debt financing
Financial creditors of the Essel group may ask chairman Subhash Chandra to settle their dues with the INR 1,100 crore non-compete fee that he stands to receive from Sony Group. If Chandra refuses to pay, some of…
Debt financing
The National Company Law Tribunal (NCLT) has allowed JM Financial Asset Reconstruction Company (ARC) to substitute the original petitioner Bank of India in a plea seeking admission of National Steel & Agro Industries…
Debt financing
Lenders of Sintex Industries Ltd may hold a Swiss challenge auction or inter-se bidding if resolution applicants of the bankrupt textile company do not improve their offers substantially. The auction route will be…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has asked the Kolkata bench of the NCLT to decide over the plea of SREI Infrastructure Finance Ltd (SIFL) against the rights issue of its subsidiary Trinity…
Debt financing
Hyderabad-based audio gadgets firm Mivi has raised debt funding from N+1 Capital. The fresh capital will bolster the company's in-house capabilities, helping it expand presence across new verticals. Mivi specialises in…
Debt financing
Mumbai-based dental tech startup Toothsi has raised USD 9 million in a venture debt round from Stride Ventures, four months after raising a Series B round led by Eight Roads Ventures. The company plans to invest the…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has directed the Kalrock-Jalan consortium, the winning bidder for bankrupt Jet Airways, to share with the airline's employees the portions of the resolution plan…
Debt financing
Caspian Debt has invested INR 6.5 crore (USD 873,000) in Chennai-based Proklean Technologies, which enables manufacturing industries like leather, textile and paper to replace their hazardous chemical-based processing…
Debt financing
Indian Bank has taken physical possession of Saravana Stores (Gold Palace) located on Ranganathan Street in T. Nagar, a commercial hub of Chennai. The bank took the action under the SARFAESI Act. It was executed by…
Debt financing
The National Company Law Appellate Tribunal (NCLAT) has put a stay on the insolvency proceedings against India's third largest IT services player HCL Technologies. The National Company Law Tribunal (NCLT) had on…
