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Adani Goodhomes: NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate

The Insolvency Appellate Tribunal NCLAT upheld its Adani Goodhomes resolution plan for Radius Estate. NCLAT rejected petitions from two dissenting financial creditors, and approved the plan to provide possession to nearly 700 flat owners without price escalation. The plan was opposed by Beacon Trusteeship and ICICI Prudential Venture Capital Fund Real Estate, who claimed it was unfair, but NCLAT affirmed the Commercial Creditors Committee s decision. ....

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NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate

The Mumbai bench of the National Company Law Tribunal (NCLT) on January 9, 2022, has approved the resolution plan of Adani Goodhomes, a part of Adani Realty ....

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NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate, ET RealEstate

Adani Goodhomes: A two-member bench comprising the NCLAT Chairman rejected the petitions by two dissenting financial creditors, saying it was "commercial wisdom" of the Committee of Creditors (CoC), which approved the payout to different creditors. ....

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Narayana Healthcare Q4 net profit up 18% to Rs 195 crore

Narayana Healthcare Q4 net profit up 18% to Rs 195 crore
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Ugro Capital approves raising up to Rs 135 crore through non-convertible debentures

The non-banking company has recently approved the acquisition of financial services platform MyShubhLife for an enterprise value of Rs 45 crore in a cash and equity deal. ....

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