VRL is seeking funds to meet its upcoming debt obligations and has been engaged in talks with banks as well as private funds. VRL has $400 million of dollar bonds due in April and $500 million dollar bonds in May. It has another $1 billion bond maturing in January 2024.

PTC India Financial Services received full pre-payment of its loan account of Patel Darah-Jhalawar Highway. PFS announce that it has received full pre-payment of its loan account of M/s Patel Darah-Jhalawar Highway for the four-laning of a 48.88 km stretch in Rajasthan.

In December, creditors to RFL approved settling of their Rs 5344 crore dues to more than a dozen lenders, with an immediate payment of Rs 2320 crore, a 57% haircut. A majority of the settlement has been paid from loan recoveries of the company. Saluja said higher recoveries meant that shareholders of the parent Religare Enterprises Ltd (REL) had to infuse Rs 220 crore which was lower than the Rs 400 crore envisaged in the initial OTS plan.

"This settlement paves the way for restarting the business of RFL and focusing on building a niche in the MSME lending space. RFL will have a healthy balance sheet to sustain business growth in the next few quarters," stated a press release by the company.

Shriram Housing Finance had assets under management (AUM) of Rs 7,200 crore at the end of December. Baring PE Asia had previously been among the major contenders to acquire ICICI Home Finance, a deal that didn't materialise.

Platforms like Tyke work in a regulatory grey area with almost no guidelines or rules defining their financial instruments and arrangements. Their transactions resemble public offers of shares but they are not. The platforms behave like a quasi-exchange but they are not licensed to be one.

The court, however, said that dissenting debenture holders should be given the option to accept the terms of the resolution plan or they can pursue other legal remedies to recover their dues.

A two-member bench of the NCLAT said the sale of the property is as per the revised resolution framework approved by the appellate tribunal in March 2020 and it cannot operate as any fetter to proceed with the approval of the proposal. Housing Development Finance Corporation Ltd had made an offer to sanction a loan of Rs 400 crore to IL&FS as a lease rental discounting transaction.

Adisri in its petition to NCLT requested the tribunal to direct administrator to consider its settlement application under the Section 12A of Insolvency and Bankruptcy Code.