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The investment will help Nisus Finance and Phoenix ARC take over the project and exit the loans of the erstwhile lender DHFL through Piramal Capital & Housing Finance.
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SUBJECT WISE INDEXBailAnticipatory Bail - Personal liberty is important, but courts must also consider the gravity of offence & impact on society. Pratibha Manchanda v. State of Haryana, 2023 LiveLaw...
The portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said. The finance company invited offers under a 15:85 structure for ten accounts with a total loan of ₹3,022.5 crore, according to a notice issued by the finance company on its website early last month.
Lender” / “ Facility”). In addition to the security provided by the Borrower under the Facility Agreement, Doshion Veolia Water Solutions Private Limited (“ Corporate Debtor”), being the group company of the Borrower, pledged its shareholding (40,160 shares) in Gondwana Engineers Limited (“ GEL”) by executing a pledge agreement in Lender's favour dated 10 th January 2012 (“ Pledge Agreement”). The Corporate Debtor also executed a non-disposal undertaking (“ NDU”) in favour of L&T, thereby undertaking not to dispose of its 100% shareholding in GEL In 2013, the Lender assi...