loan default

Pledge agreements show Adani Green could have breached loan covenants

Pledge agreements show Adani Green could have breached loan covenants. Adani Green Energy Ltd (AGEL) faced allegations that could constitute an Event of Default under its loan agreements, partly due to an investigation related to Gautam Adani and others. The agreements contain a representation that the borrower is not subject to any investigation that could materially and adversely impact its ability to fulfill the terms of the deal. The article discusses UK holding structures and the potential fallout.

Digging Diamonds From Banks The Untold Story of Fugitive Diamantaire Jatin Mehta – 2

Paranjoy Guha Thakurta / April 16, 2023

Are the government and its agencies acting in a discriminatory manner so far as Jatin Mehta is concerned? Is there any weight to Congress’s allegations that he is getting preferential treatment on account of his links with the Adani family? Long before allegations of fraud levelled by banks against Nirav Modi and Mehul Choksi made headlines in the media in India and the world, another diamantaire from Gujarat, Jatin Mehta, and his group of companies had caused a major loss to Indian and international banks and became the one of the largest wilful defaulters of loans.

Pledge agreements show Adani Green could have breached loan covenants

Digging Diamonds From Banks The Untold Story of Fugitive Diamantaire Jatin Mehta – 2

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