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CATALYST TRUSTEE
NCLT declares ex-DHFL chairman Kapil Wadhawan bankrupt over ₹4,546 crore duesThe NCLT Mumbai has declared Kapil Wadhawan, the former chairman of DHFL, bankrupt following a petition by Union Bank of India to recover ₹...
SAT stays Sebi ban on Catalyst’s trustee services to fundsThe Securities Appellate Tribunal (SAT) has stayed a Securities and Exchange Board of India (Sebi) order banning Catalyst Trustee from prov...
Sebi bars Brick Eagle for violationsIt has also taken action against Catalyst Trustee, on whom it imposed a one-year ban on the grounds that it overlooked compliance violation...
NCLT admits personal insolvency application against Kishore BiyaniThe admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the g...
Adani & JSW arms, TVS keen to buy warehouse company Renaissance Indus InfraTwo special-purpose vehicles floated by promoter Mayur Suchak's Renaissance Group are undergoing insolvency.
NCLAT dismisses Renaissance Indus Infra promoter’s plea against insolvencyThe debenture trustee document along with inter-creditor agreement provides that it is only the debenture trustee—Vistra ITCL (India)— whic...
NCLT admits insolvency resolution plea against Renaissance Indus InfraThe lender had moved the bankruptcy court after the company defaulted on its dues worth nearly Rs 444 crore. The tribunal’s Mumbai bench ha...
Adani Group pledges more shares of ports unit amid stock routFlourishing Trade and Investments Ltd. encumbered 0.56% more shares of Adani Ports & Special Economic Zone Ltd. to Catalyst Trusteeship Ltd...
Debenture holders move NCLT over '312-crore claim against GVK powerDebenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructu...
Michigan State University’s President Samuel Stanley resigns after ‘losing confidence’ in board of trusteesFollowing weeks of conflict amongst the Michigan State University’s board over president Samuel Stanley's management of investigations at t...
Bombay high court dismisses Dish TV promoter’s plea against YES BankDish TV promoters maintain that they were neither borrowers nor guarantors for any loans of YES Bank. Senior counsels Darius Khambata and J...
Dish TV promoters challenge Bombay high court order in YES Bank caseOn Friday, June 17, Justice AK Menon of the Bombay high court, had rejected the petition stating that there was no case made out for “ad-in...
Debenture holders drag Biyani Holding company to NCLTThey have sought initiation of insolvency proceedings against Future Corporate Resources through an application made by their debenture tru...
Ignoring bondholders may derail bank's loan recastWhile a debt restructuring, according to RBI, must apply to all financial creditors, RBI directives are not binding on entities like mutual...
Debt Recovery Tribunal stops DHFL from making paymentsMove comes a day after Bombay HC told DHFL to pay banks, NBFCS with securitisation deals
63 Moons moves High Court to recover Rs 200 crore from DHFLCounsel for DHFL challenged the maintainability of the petition, arguing that the trustees of the bondholders had already moved an applicat...
Catalyst trustee files case against DHFLLenders have sought legal opinion over the cases from Cyril Amarchand Mangaldas.
DHFL faces new legal threat as bond investors may move DRTSome large investors/lenders believe such legal action is likely to yield little to bond holders especially when bankers are busy finalisin...
DHFL faces new legal threat as bond investors may move DRT“Catalyst Trusteeship (CTL) has initiated the process of filing of application with Debt Recovery Tribunal, Mumbai in respect of all three ...
DHFL says not able to meet debt obligationsIt said the company and other lenders are engaging with trustees of bond holders to restructure the loans.