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CFM ASSET RECONSTRUCTION
CFM ARC wins bid for PNB's Gammon debt at 73% haircutCFM Asset Reconstruction Company has acquired Punjab National Bank's ₹514 crore loan to Gammon India for ₹140 crore. This acquisition gives...- Vidarbha Industries Power dragged to NCLT by CFM Asset over Rs 3,800 crore unpaid duesCFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues...
- Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The co...
- Reliance Power settles its obligations of Rs 3872 crore as guarantor for Vidarbha Industries PowerReliance Power has also settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in ...
- CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARCCFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet re...
- Piramal can get back 75% at least of Rs 600-cr loanPiramal plans to conduct a Swiss Challenge on the initial offer and will make an announcement soon. Previously, HDFC had sold a real estate...
- Calcutta High Court voids SBI's sale of Atibir Industries' loans to CFM ARCThis decision comes as SBI had categorised the loan as a non-performing asset (NPA) in 2020 when a central bank circular prohibited banks f...
- CFM ARC invokes corporate guarantee issued by Reliance Power for Vidarbha Industries PowerReliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CF...
- CFM ARC raises offer for Vidarbha Industries"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said...
- Aditya Birla ARC, Reliance ARC & Arcil in shortlist for Vidarbha IndsLenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction compa...
- Four bidders give EoIs for Vidarbha power debtVidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered t...
- Vidarbha Industries' lenders pick CFM as anchor bidderIn the last few weeks, CFM ARC and the promoter have been outbidding each other in making unsolicited offers to the lenders for the distres...
- Vidarbha Industries' lenders to conduct auction by September-endAt the meeting, lenders evaluated three offers - a one-time settlement from the promoter company Reliance Power, and two separate offers fr...
- Reliance Power makes a higher offer to lenders for Vidarbha IndustriesReliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC i...
- Reliance Power offers Rs 1,200 cr to settle debt of Butibori power projectAs per the proposal, the company has offered to pay around Rs 1,200 crore in upfront cash to the lenders which include Axis Bank, SBI, Bank...
- SBI sells loan of Atibir Industries to CFM Asset Reconstruction CompanyThe all-cash sale indicates a recovery of 73 paise on a rupee of the principal amount outstanding for SBI. The bank had informed interested...
- CFM ARC preferred bidder for JBF IndustriesThe bad loan aggregator had emerged as a surprise bidder for the debt-laden company, ET had reported in May. Bankers had opened bids for th...
- CFM Asset Reconstruction Company sole bidder for debt laden JBF IndustriesJBF has been marked as a non performing asset (NPA) for many years now and a bid for the company has come amid a surge in commodity prices ...
- Reid & Taylor case: NCLT accepts Rs 2 crore as earnest money deposit from CFM Asset Reconstruction CompanyThe Mumbai NCLT bench headed by Bhaskara Pantula Mohan and V Nallasenapathy said CFM ARC CEO S V Shah can deposit the balance EMD of Rs 3 c...
- RBI gives nod for three asset reconstruction companiesSpeaking at an event in Bengaluru, RBI governor Raghuram Rajan had said, “We will shortly license a number of new ARCs to provide a deeper ...
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