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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


Adanis' Rs.6.5 bn offer for Dighi Port gets NCLT nod

The National Company Law Tribunal (NCLT) has approved a `6.50-bn resolution plan submitted by Adani Ports & Special Economic Zone for the debt-ridden Dighi Portsouth of Mumbai.


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.


IBC: Three years of hits and misses

There has been a steady rise in CIRP cases in real estate


Adani Group bid for Dighi Port approved

Adani Ports and Special Economic Zone has been given approval by a panel of lenders to buy Dighi Port as per the bankruptcy law.


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