Debt Financing
National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the scheme of amalgamation of Lincoln Parenteral Ltd and Drug firm Lincoln Pharmaceuticals. The move is expected to bring synergies in terms of…
Debt Financing
Lenders have voted for liquidation of Lanco Mandakini Hydro Power on the grounds that an offer from Norway's state-owned green energy company Statkraft did not meet their expectations. Statkraft's offer was the only…
Debt Financing
The Supreme Court has rejected Ebix's plea to withdraw its Rs. 400 crore offer for Educomp Solutions Limited. In its ruling, the Supreme Court stated it did not find merit in Ebix's arguments that the resolution…
Debt Financing
The National Company Law Appellate Tribunal (NCLAT) has admitted the petition filed by former Videocon group Chairman and Managing Director Venugopal Dhoot challenging the earlier order of the insolvency court NCLT…
Debt Financing
Setu, a Mumbai-headquartered nutrition company that uses science to solve real-life problems, is establishing a long-term relationship with Bengaluru-based fintech company Velocity, beginning with a credit line to…
Debt Financing
The National Company Law Tribunal (NCLT) has admitted an application filed by TVS Automobile Solutions Pvt Ltd against Salem-based KPN Travels, a well-known travels operator in Tamil Nadu, to recover dues of INR 5.27…
Debt Financing
IDBI Bank has recovered close to INR 250 crore of its outstanding loans to Videocon Group by selling an overseas property kept as a security by the bankrupt conglomerate. The sale of the property — a warehouse in…
Debt Financing
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal's (NCLT) order to wind up Devas Multimedia Pvt Ltd while declaring that the company was incorporated in a fraudulent…
Debt Financing
Edelweiss Asset Reconstruction Co has opted for the Swiss Challenge method to sell the entire debt of INR 2,059.24 crore of Karaikal Port, along with the 11% equity it holds. in the port operating company. The move…
Debt Financing
Embassy Office Parks REIT has allotted, by way of a private placement, INR 300 crore of rupee-denominated non-convertible debentures (NCDs) at a 6.80% quarterly coupon with a 5-year tenure. Rating agency CRISIL has…
