NCLT Delhi dismissing a petition for initiation of CIRP held that pending interest amount does not amount to “debt” for initiation of CIRP when the principal amount is paid by the debtor.
Supertech declared bankrupt, over 25,000 homebuyers in a limbo - NCLT on Friday initiated insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group.
SREI Infrastructure Finance Ltd (SIFL), which owns 51 per cent equity in the fund management firm Trinity Alternative Investment Managers Ltd, is anticipating dilution of its shareholding in the subsidiary after its right issue.