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NCLT approves Hinduja Group's Rs9,861-cr offer for Reliance Capital

The National Company Law Tribunal (NCLT) has approved a Rs9,861-crore offer by Hinduja Group company IndusInd International Holdings Limited (IIHL) to take over the assets of bankrupt financial servic ....

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Creditors to IL&FS Tamil Nadu Power reject NARCL's offer

Lenders felt that NARCL s offer of ₹4,700 crore in a 15:85 structure was below their recovery expectations through the debt restructuring process. Under 15:85, 15% of the amount is paid upfront while the remaining is paid by way of security receipts. ....

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