Debt financing
Insolvency regulator, IBBI, has barred IIV Registered Valuers Foundation, a Registered Valuers Organisation (RVO), from enrolling any new member for six months. The direction follows the alleged contravention by the…
Debt financing
In a major relief to ArcelorMittal India, the National Company Law Appellate Tribunal (NCLAT) has dismissed various appeals challenging the approval of the resolution plan filed by the company for the corporate…
Debt financing
Twin Star Technologies, a promoter entity of the Vedanta Resources group, has moved the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order, which set aside the approval granted by the…
Debt financing
An entity linked to ArcelorMittal India is the front runner for Indian Steel Corporation that was admitted for debt resolution by the bankruptcy court after proceedings were initiated by Bain Capital-Piramal…
Debt financing
The National Company Law Tribunal (NCLT) has directed the liquidator of Cox and Kings Ltd to issue a notice to the Income Tax department to seek a tax refund of INR 11 crore due to the company. The directive came after…
Debt financing
Dalmia Cement (Bharat) Ltd, a subsidiary of publicly listed Dalmia Bharat Ltd, has commenced commercial production at its Murli plant in Chandrapur district, Maharashtra. With this, it is adding 2.9 million tonnes to…
Debt financing
Lenders to Future Retail are likely to seek buyers for its small-format stores to recover dues amounting to INR 3,494.5 crore after the Kishore Biyani promoted hypermarket failed to honour payments scheduled on…
Debt financing
Chennai-based Wiz Freight, a full-stack digital freight forwarder for modern-day logistics, has received INR 20 crore in debt funding from Stride Ventures. The startup plans to use the funding for hiring, tech…
Debt financing
In a relief to an association formed by home buyers of flats to be built by Housing Development and Infrastructure Ltd (HDIL) in a project called 'Whispering Heights' and other buildings at Kurla, the NCLAT has set…
Debt financing
New Delhi-based legal technology startup LegalPay has partnered with Mumbai-based non-banking finance firm Jumbo Finance Ltd to give interim finance to the companies undergoing the Corporate Insolvency Resolution…
