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CONSORTIUM OF SEVEN BANKS
Acre ARC sells Nagarjuna Fertilizers and Chemicals debt to AM Green for ₹1,685 crNagarjuna Fertilizers has successfully cleared its massive debt, positioning itself for a potential merger with AM Green to optimize brand ...03 Jul, 2024, 09.08 PM IST- Jet Air bid winners approach SC with new payment planLawyers involved with the process said that they have approached the court to accept this new plan as the consortium is getting funding fro...30 Jan, 2024, 12.54 AM IST
- Acre ARC completes buyout of Nagarjuna Fertilizer debtAcre transferred ₹811 crore to lead lender IDBI Bank a couple of days after Punjab National Bank, the final lender in the seven-bank consor...29 Mar, 2023, 11.57 PM IST
- Rs 150 crore out of Rs 1,500 crore paid for stalled Amrapali housing projects, SC toldSenior advocate and court-appointed receiver R. Venkataramani, in a note, said: "In compliance with the order dated March 28, on March 31 t...04 Apr, 2022, 10.36 PM IST
- Consortium of seven banks signs agreement to give Rs 1500 crore for the construction of Amrapali projectsThe Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) executed through NBCC (India) Limited has signed an agreeme...30 Mar, 2022, 05.47 PM IST
- REC raises $1175 mn syndicated loan in international marketThe deal, benchmarked to USD LIBOR, was anchored by seven Indian and international banks, namely Axis Bank, Bank of Baroda, Bank of India, ...14 Jan, 2022, 12.37 PM IST
- CBI files FIR against company, its directors for cheating SBI-led consortium of over Rs 862 crCBI registered an FIR against Trimax IT Infrastructure and Services & its directors for allegedly cheating an SBI-led consortium of Rs 862 ...11 Oct, 2021, 06.44 PM IST
- CBI registers FIR against export company for Rs 604 crore bank fraudThe State Bank of India has complained to the CBI alleging that the company has availed credit facilities to the tune of Rs 625 crore (appr...28 Feb, 2020, 09.13 PM IST
- BofAML, JM buy 77% of SevenHills’ debtThe Bank of America-JM combine has bought Rs 910 crore of SevenHills’ total debt of Rs 1,300 crore from the lenders led by Axis Bank.30 May, 2018, 03.27 PM IST
- CBI charge-sheets Rotomac promotersA consortium of seven nationalised banks has given loans worth Rs 2,919 crore to Rotomac Global Pvt Limited from 2008 onwards, the CBI FIR ...21 May, 2018, 11.21 PM IST
- CBI has quizzed six officials of Bank of Baroda in connection bank fraud involving Rotomac caseThe total outstanding amount, according to the agency, is approximately Rs 3695 crores. The agency had sealed the office and house of Vikra...17 Apr, 2018, 09.28 PM IST
- BDO to conduct forensic audit of Gitanjali GemsThe consortium has asked BDO to investigate a timeframe of seven years — 2010 to 2017 — to determine the modus operandi of the alleged frau...28 Mar, 2018, 08.46 AM IST
- CBI begins questioning of Rotomac owner Vikram KothariOne of the consortium members, Bank of Baroda had approached the CBI requesting an FIR against Kothari as the bank apparently feared he mig...21 Feb, 2018, 07.13 PM IST
- Zoom Developers’ assets put on the block again by UBILenders have no other option but to put seven separate assets on the bloc as ECGC had in Apr rejected their claim on the firm.20 Nov, 2013, 11.26 AM IST
- Banks to decide soon on Kingfisher Airlines request for working capitalA consortium of lenders led by State Bank of India will soon take a call on providing the working capital to cash-strapped Kingfisher Airli...22 Feb, 2012, 11.59 AM IST
- IIFCL teams up with 7 banks, promises 20% of fundsThe financing mechanism would enable developers to fast-track the financial closure as the projects would be appraised jointly by consortiu...11 Jan, 2012, 03.19 AM IST
- SAIL banking on government for Afghan projectSAIL is banking on government assistance to execute the project that will require an expenditure of about $11 billion.01 Dec, 2011, 02.37 AM IST
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