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ADHUNIK LENDERS
Adhunik Power in talks to refinance Rs 1,500 crore debtThe company is looking to refinance debt at around 18%, down from the earlier 22-23% borrowing costs. The 540 MW power plant struggled to s...- Liberty seeks time, Committee of Creditor appeals for fresh Adhunik bidThe submission was made at the Cuttack bench of the National Company Law Appellate Tribunal (NCLAT).
- Adhunik lenders issue Rs 40 crore shares, bonds to Liberty House as resolution stepIt had argued that it was not liable to pay the amount as part of the resolution plan.
- Liberty falters, suitors line up for Adhunik MetaliksKalyani Steel, Maharashtra Seamless and Shyam Sel & Power have shown interest in the company that owes Rs 5,371 crore to banks.
- Cracks in Liberty House Group deal due to valuation, dues disagreementMonitoring committee will petition NCLT to seek more time to look for new takers, among other options.
- Liberty House misses deadline to pay Amtek, Adhunik lendersLiberty House had won the assets in July and was expected to pay lenders Rs 4,810 crore by October.
- Bhagwati Power top bidder for Adhunik AlloyA source in the banking circle said the committee of creditors (CoC) in its meeting held last week has approved the plan of Bhagwati Power ...
- Adhunik Metaliks debt plan may get a breatherThe RP for the debt-laden company is likely to tell the NCLT during a hearing on Tuesday to deduct up to 25 days from the deadline
- Lenders accept misra & sons’ bid for Orissa ManganeseThe others are Zion Steel, Adhunik Metalliks and Adhunik Alloy & Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining uni...
- Adhunik Metaliks, bankers seek Liberty House loan infoIn a letter to the UK-based company, they sought to know the current status of the Rs 18-crore loan and why it didn’t mention it in the bid...
- Srei Infra’s Rs 215-cr offer for Adhunik Alloy disqualifiedSrei Infrastructure had bid with three other applicants for Adhunik Alloy, one of the four companies of Adhunik group facing bankruptcy pro...
- Three Adhunik companies get 90-day extensionThe extension comes at a time when the group companies have collectively received about 20 expressions of interest. However, the companies ...
- NCLT gives extension to Adhunik companiesAdhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals had failed to hammer out a debt resolution plan within the initial deadline...
- Insolvent Adhunik firms get 20 EoIsBinding bids for the resolution plans must be submitted in the next two weeks.
- Edelweiss set to take over Adhunik PowerSale of distressed assets to fetch lenders cash upfront for the first time.
- Edelweiss ARC makes Rs 500-crore bid for AdhunikEdelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about r...
- Adhunik Power owners plan equity infusion to retain controlEarlier this month, OPG Power Ventures had proposed to acquire majority stake in Adhunik Power under the strategic debt restructuring (SDR)...
- Companies line up to buy Adhunik's Jharkhand power plantThe power unit may be sold to the bidders if the price quoted is acceptable to the banks, said the person who did not want to be identified.
- Adhunik Metaliks to consider debt restructuring tomorrowEarlier this week, the company had said that its debt restructuring would extend to Orissa Manganese & Minerals Ltd with which it is to be ...
- Adhunik group commissions first phase of thermal power plant in JharkhandAdhunik Power & Natural Resources Ltd commissioned the first 270MW unit of its 2 x270 MW coal fired thermal power plant in Jharkhand on Tue...
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