Debt Financing
Non-banking finance company Northern Arc Capital raised USD 50 million debt from the Japanese International Cooperation Agency (JICA) in external commercial borrowing. Northern Arc will use the fund for onlending. The…
Debt Financing
The Insolvency and Bankruptcy Board of India (IBBI) proposed a code of conduct for the committee of creditors (CoC) under the insolvency law. IBBI, a key institution in implementing the Insolvency and Bankruptcy Code…
Debt Financing
Adani Group-controlled Mumbai International Airport (MIAL) has raised around INR 7,200 crore via non-convertible debentures (NCDs) and loans from foreign lenders to refinance its debt. The capital raise happened last…
Debt Financing
Russia's Rosneft-backed Nayara Energy has achieved financial closure for phase-one expansion plans for petrochemical business following the tie-up of INR 4,016 crore funds from consortium of banks led by State Bank of…
Debt Financing
Delhi-based gold loan provider Ruptok Fintech has raised INR 14 crore in debt funding from Eclear Leasing and Finance. The company will further venture into a co-lending agreement with Eclear. Ruptok, via the…
Debt Financing
The Supreme Court allowed the new board of management of Unitech Group to hold negotiations with Suraksha ARC, JM Financial ARC and Edelweiss ARC, which are assigned around 8000 out of the 15,000 total flats for one…
Debt Financing
Bengaluru-based furniture rental startup Furlenco has raised USD 15 million from TradeCred. House of Kieraya, an umbrella brand that houses both Furlenco and Furbicle has entered into an asset financing deal with…
Debt Financing
Interim resolution professionals (IRPs) and resolution professionals (RPs) have now got the formal recognition of income tax authorities for dealing with the tax matters of the corporates that are undergoing Corporate…
Debt Financing
Aditya Khaitan, a promoter of tea producer McLeod Russel India, has filed an appeal in the appellate tribunal against a National Company Law Tribunal (NCLT) order initiating insolvency proceedings in the company. On…
Debt Financing
The employees of Jet Airways have approached the National Company Law Appellate Tribunal (NCLAT) seeking quashing of the NCLT's approval to the resolution plan of Kalrock-Jalan consortium. The appeal comes after the…
