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Asset freeze: NCLAT denies relief to Gensol

NEW DELHI: National Company Law Appellate Tribunal (NCLAT) on Wednesday declined to stay NCLT order directing to freeze assets of Gensol, its promoters, and related entities. It has directed two Gensol Group entities – BluSmart Premium Feet and Matrix Gas and Renewable – to approach Ahmedabad bench of the National Company Law Tribunal NCLT with…

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Adani Airports raises $750mn from international banks

NEW DELHI: Adani Airports Holdings (AAHL) Wednesday said it has raised $750 million via external commercial borrowings from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank. The company says it will “use the proceeds to refinance existing debt, invest in infrastructure upgrades, and capacity…

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