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IL&FS sells environment biz to EverEnviro, reduces debt Rs 1.2k cr

The sale will reduce the overall debt of IL&FS Group by Rs 1,200 crore


JSW Steel completes Bhushan Power and Steel acquisition

JSW paid Rs 19,350 cr to the creditors of Bhushan Power through a mix of equity and debt


Nod for IL&FS SPV settlement from NHAI

The tribunal approved the settlement claim made by an SPV of IL&FS from NHAI


NCLT admits insolvency plea against McNally Sayaji

Financial creditor ICICI Bank had moved the tribunal against the company for loan default


Srei Infra Finance reports Rs 3.8k cr losses in Q3

Srei Infrastructure Finance reported a net loss of Rs 3,810.93 cr in Q3 of current FY


Realtor-to-owner loan is operational debt: Tribunal

NCLT held that real estate advance to landlords qualifies as “operational debt” under IBC


Stressbusting in Real Estate!

SHOBHIT AGARWAL addresses the issue of distressed assets and bankruptcy and insolvency.


NAREDCO urges government to lift ban on work at construction sites

Seeks $200-300 bn Economic Package from Union Government


NOTABLE ACQUIRER

Under the leadership of its Chairman & Managing Director PK Gupta, NBCC (India) has received an approval from the National Company Law Tribunal (NCLT) to acquire bankrupt real estate developer Jaypee Infratech.


Bombay High Court sets up panel to liquidate HDIL assets

The Bombay High Court (HC) on January 15 ordered setting up of a three-member panel to evaluate and sells assets of the embattled Housing Development and Infrastructure (HDIL). The fund thus accumulated would be used to pay off the debt the builder owes crisis-hit PMC Bank.


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