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LOAN COVENANT BREACH
Moody’s downgrades Ola’s rating; flags risk of loan covenant breachThe global rating agency has assigned a negative outlook to ride-hailing firm Ola’s parent, ANI Technologies. According to Moody’s, a breac...08 Nov, 2025, 01.44 PM IST- Kinara Capital seeks equity capital to overcome debt challengesKinara Capital, a fintech lender, faces financial challenges due to losses from unsecured loans, reporting a ₹350 crore loss in FY25. The c...17 Jun, 2025, 08.35 PM IST
- Lendingkart Finance reports losses, breaches bond covenant for 2024-25Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its ₹75 crore bonds. The company is see...03 Jun, 2025, 05.39 AM IST
- Muthoot Microfin reports Rs 401 crore net loss in Q4 amid asset quality crisisMuthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for b...08 May, 2025, 08.09 PM IST
- Byju’s, Davidson Kempner in talks to settle disputeByju’s and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan coven...08 Aug, 2023, 06.00 AM IST
- PharmEasy fails to raise Rs 1,000 crore equity, breaches covenant on Goldman Sachs loanPharmEasy was supposed to raise equity of around Rs 1,000 crore, or about $120 million, linked to its burn rate velocity. It has failed to ...01 Jun, 2023, 05.34 PM IST
- Renegotiate loan terms or they may turn into ‘current liabilities’, auditors warn companiesIf the loans are classified as “current liabilities” in the year-end financials, it will impact the company’s liability-to-asset ratio, hin...19 Jan, 2021, 10.04 AM IST
- Standard & Poor's cuts Tata Power outlook to 'Negative'Tata Power said the breach did not amount to a payment default and that it expected a favourable outcome of its talks with lenders.10 Jul, 2012, 03.28 AM IST
- S&P lowers Tata Power credit rating outlook to 'negative'Standard & Poor's today lowered the credit rating outlook of Tata Power to 'negative', citing financial issues related to the company's 4,0...09 Jul, 2012, 05.08 PM IST
- Change in accounting principles may hit companies' ability to borrowThe ministry issued the revised Schedule VI to Companies Act, through a notification (No. S.O. 447 (E)) by laying down a new format for pre...05 Jun, 2012, 03.16 AM IST
- Global trends: New financial statements will help investorsAn important issue relates to the classification of such loans if there is a breach of a covenant as on the balance-sheet date.16 Feb, 2012, 04.42 AM IST
- Aban Offshore admits it breached loan contractsChennai-based Aban Offshore, which along with its Singapore-based subsidiary Aban Singapore has Rs 16,635 crore of debt on its balance shee...05 Dec, 2009, 12.43 AM IST
- Libor fall bails out Hindalco, JSWThe fall in the London Interbank Offered Rate; the world's most widely used reference rate for short-term lending — has come to rescue of t...04 Jul, 2009, 02.53 AM IST
- Hindalco in talks with lenders to recast bank covenantHindalco Industries is negotiating with its lenders after it breached a condition linked to a $1-billion - about Rs 4,800 crore - loan whic...13 Jun, 2009, 01.22 AM IST
- Overseas borrowing costs of cos to climbMost Indian firms, which had borrowed funds overseas until the Wall Street crash, are likely to see interest rates on loans rise sharply.08 Apr, 2009, 04.24 AM IST
- India Inc's foreign loan costs go up 3%For most overseas loans, banks charge a premium over the benchmark London Inter-Bank Offered Rate (Libor). Top 20 Global Banks | Top Indian...26 Feb, 2009, 03.48 AM IST
- Tata Communications faces liquidity crisis; reaches govt for helpFacing a severe liquidity crisis and the possibility of breaching long-term loan covenants, Tata Communications has approached the governme...18 Jan, 2009, 02.47 PM IST
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