13 August 2019: While declaring its results for the quarter ended June, Hotel Leelaventure said it was seeking fresh approval of the shareholders by postal ballot for its sale of assets to Brookfield. Leelaventure said voting will begin on August… Read More ›
LIC
MC: SEBI directs Hotel Leela to make additional disclosures to shareholders on asset sale
23 July 2019: Markets regulator Sebi on July 23 directed Hotel Leela Venture Ltd to make additional disclosures to its shareholders on sale of assets. Besides, the watchdog would initiate adjudication proceedings against JM Financial Asset Reconstruction Company (JMF ARC) for failing… Read More ›
ET: Of Leelaventure’s total debt of Rs 7,500 crore, HDFC had advanced about Rs 826 crore.
8 June 2019: Stakeholders in debt-laden Hotel Leelaventure are apprehensive that a deal to sell company assets to Brookfield may go the way of Jet Airways after the market regulator stalled the transaction. The Securities and Exchange Board of India,… Read More ›
BS: NCLT asks Sebi to conclude probe into ITC, LIC allegations against Leela
28 May 2019: The National Company Law Tribunal (NCLT) Tuesday directed market regulator Sebi to conclude its probe into allegations against Hotel Leelaventure by the company’s two minority shareholders ITC and LIC. The NCLT’s Mumbai bench comprising V P Singh… Read More ›
CNBCtv18: Centre pays sovereign guarantees to ADB, KfW for IL&FS
3 April 2019: In a major development in the IL&FS crisis, the government has of late paid up on sovereign guarantees to Asian Development Bank (ADB) and KfW, a state-run bank of Germany, people in the know of the developments… Read More ›
BS: Inter-Creditor pact a non-starter: Debtors to SC
30 March 2019: Corporates opposing the RBI’s February 12 circular on loans resolutions have submitted to the Supreme Court that the Inter-Creditor Agreement (ICA) among banks as a possible debt resolution framework has failed to take off as the relevant institutions like… Read More ›
BT: Jaypee Infratech lenders ask NBCC, Suraksha Group to sweeten takeover bids
14 March 2019: Lenders of debt-ridden Jaypee Infratech on Thursday asked state-owned NBCC Ltd and Suraksha Group to sweeten their offers for acquiring the bankruptcy-bound realty firm, sources said. NBCC, which has the backing of the government to takeover Jaypee… Read More ›
ET: Jaypee infra lenders seek clarity from NBCC on acquisition bid
2 March 2019: Lenders of crisis-hit realty developer Jaypee Infratech, in a meeting held on Friday, sought clarity from state-run NBCC on certain legalities and on its bid to acquire the company. NBCC is expected to respond to these queries… Read More ›
BS: Jaypee Infratech’s lenders to discuss NBCC, Suraksha takeover bids Friday
28 February 2019: Financial creditors and home buyers of Jaypee Infratech will meet Friday to discuss the bids submitted by state-owned NBCC and Mumbai-based Suraksha group to take over the bankruptcy-bound realty firm and complete stalled projects comprising over 20,000 housing units. A meeting… Read More ›
BQ: NBCC, Suraksha Bid To Acquire Bankruptcy-Bound Jaypee Infratech
15 February 2019: State-owned NBCC (India) Ltd. and Mumbai-based Suraksha Group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources said. The value of the bids could not be immediately ascertained. NBCC… Read More ›
