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Kapil Wadhawan: DHFL lenders, RBI administrator file applications at NCLAT against Kapil Wadhawan's offer


Synopsis
Piramal Group, which was the successful bidder to own the indebted home financier is contemplating a legal action against the NCLT’s order that sought consideration of a settlement proposal by Kapil Wadhawan. Lenders felt the erstwhile promoter never participated in the process and only came up with porous proposals via a letter, sent well beyond the stipulated period of bidding process.
The settlement proposal by Wadhawan, according to bankers, comes “with numerous caveats and assumptions which makes it an uncertain bid for the CoC to accept”.
DHFL) Monday filed two separate applications at the National Company Law Appellate Tribunal (NCLAT) challenging Mumbai NCLT’s order that sought consideration of a settlement proposal by Kapil Wadhawan, a businessman under investigation for misdeeds. ....

Kapil Wadhawan , Ajay Piramal , Piramal Group , National Company Law Appellate Tribunal , Dewan Housing Finance , Appellate Tribunal , Bankruptcy Code , Inter Corporate Deposits , January Billionaire Ajay Piramal , Oaktree Capital , Adani Capital , கபில் வாதவன் , அஜய பிரமல் , பிரமல் குழு , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , திவான் வீட்டுவசதி நிதி , மேல்முறையீடு தீர்ப்பாயம் , திவால்நிலை குறியீடு , இடை பெருநிறுவன வைப்பு , ஓக் மரம் மூலதனம் , அதானி மூலதனம் ,

On debt rejig drive, SP Group may sell stake in 3 companies - The Hindu BusinessLine


On debt rejig drive, SP Group may sell stake in 3 companies
Surabhi
Mumbai |
Updated on
 
The Shapoorji Pallonji Group is looking to monetise its assets and may sell its stake partly or fully in at least three of its group companies, including Eureka Forbes, Sterling and Wilson Solar and Afcons Infrastructure, as part of the one-time debt restructuring package being discussed with the lenders.
The company plans to raise about ₹10,332 crore through this asset sale. Additionally, Inter Corporate Deposits (ICDs) given to the SP Group companies are also likely to be realised, largely from its real estate joint venture, SD Corp, and other entities forming part of Shapoorji Pallonji and Company Private Ltd’s real estate portfolio through monetisation of their project assets. ....

Shapoorji Pallonji , Sp Group , Company Private Ltd , Shapoorji Pallonji Group , Sd Corp , Eureka Forbes , Wilson Solar , Afcons Infrastructure , Inter Corporate Deposits , Reserve Bank , Gopalpur Ports , Debt Restructuring , Sterling And Wilson Solar , Debt Restructuring Package , ஷாபூர்ஜி பல்ளஒஞ்சி , ஸ்ப் குழு , நிறுவனம் ப்ரைவேட் லிமிடெட் , ஷாபூர்ஜி பல்ளஒஞ்சி குழு , ஸ்ட் கார்ப் , யுரேகா ஃபோர்ப்ஸ் , வில்சன் சூரிய , அபிகான்ஸ் உள்கட்டமைப்பு , இடை பெருநிறுவன வைப்பு , இருப்பு வங்கி , கோபால்பூர் போர்ட்ஸ் , கடன் மறுசீரமைப்பு ,