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DEBENTURE TRUSTEESHIPS
Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...- Mahagun Group raises Rs 225 crore from CSL Finance LimitedMahagun Group has secured Rs 225 crore funding from CSL Finance Limited. This capital infusion will accelerate project execution and ensure...
- Mahagun gets insolvency relief as NCLT clears settlement with IDBI TrusteeshipMahagun Group has reached a settlement with IDBI Trusteeship, resolving insolvency proceedings. This development brings relief to homebuyer...
- Beacon Trusteeship set to launch digital retail escrow platform for P2P transactionsMumbai-based Beacon Trusteeship is launching BeaconTxn, a digital retail escrow platform, to address secure retail P2P transactions. The pl...
- SC agrees to hear IDBI Trusteeship Services’ appeal, issues notice to Essel group entitiesThe Supreme Court has asked a response from Essel group firms, Cyquator Media Services Pvt Ltd and Direct Media Distribution Ventures, on t...
- Insolvency plea against Essel entity Cyquator dismissedIn its petition against Cyquator Media, IDBI Trusteeship had invoked the provisions of Section 7 Insolvency and Bankruptcy Code read with R...
- IDBI Trusteeship faces Rs 1-lakh fine for non-compliance of debenture trustee normsAccordingly, by failing to conduct inspection of the books of accounts, records, registers of FHHPL, the noticee has violated DT (Debenture...
- 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...
- Debenture holders oppose Adani Realty’s bid for Mumbai developer Radius EstatesICICI Pru AMC and Beacon Trusteeship, who hold debentures of Radius, have approached NCLT to stop voting on Adani’s bid.
- IDBI Trusteeship approaches NCLT against Noida developer Shipra EstateIDBI Trusteeship is a trustee for the non-convertible debentures subscribed by IIFL Asset Management Company in 2015.
- IDBI Trusteeship Services invokes pledged shares of Coffee Day EnterprisesThe shares were sold on May 17, 2021, and, based on the weighted average price of the stock at Rs 30.14 apiece, sale of 4,865,067 equity sh...
- IDBI Trustee plans to grow AUM by 12%, expand product suiteIDBI Trusteeship, which manages a portfolio of more than Rs 43 lakh crore, is targeting a further 12% AUM growth in the coming fiscal year ...
- IDBI Trustee appeals to RBI to reconsider move to write-off tier 2 bondsThe trusteeship has also requested the RBI to protect interest of debenture holders.
- 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...
- Franklin Templeton gets HC nod to sell Essel’s pledged sharesThe shares were pledged with Franklin Templeton as a security cover for debentures of Essel Infraprojects worth Rs 425 crore, which the fun...
- Reliance Capital debenture holders’ trustee moves HC to protect investmentsThose shares are currently in the demat account of IDBI Trusteeship.
- Bondholders drag Reliance Home Finance to NCLTIDBI Trusteeship wants the tribunal to seize the assets of Reliance Home Finance and Reliance Capital to recover the dues.
- Reliance Home bond investors to meet ThursdayRHFL has an outstanding bond liability of about Rs 3,500 crore, with both institutional and individual ownership.
- RInfra pledges 1.5 cr more shares in Reliance PowerThe filing showed that the fresh pledge was done on September 9.
- Allahabad Bank board to consider AllBank Fin merger this weekAllBank Finance (ABFL) is a leading merchant banker and has been holding licence for Debenture Trusteeship since February 2010.
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