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Tulip Telecom Limited loan details

Charges taken from banks & financial institutes

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Tulip Telecom Limited has 38 charges registered with the Registrar of Companies: 30 open charges worth Rs 5,928.48 Cr and 8 satisfied charges worth Rs 225.00 Cr. The largest open charges are held by Edelweiss Asset Reconstruction Company Limited, Bank Of India and Standard Chartered Bank. Lenders on record include Icici Bank Limited, Standard Chartered Bank, Axis Trustee Services Limited, Bank Of India, The Hsbc Bank Limited, Yes Bank Limited, Edelweiss Asset Reconstruction Company Limited, Dbs Bank Ltd., Idbi Trusteeship Services Limited, Infrastructure Development Finance Company Limited, Il & Fs Trust Company Limited, Dbs Bank Limited. The most recent charge was created on 30 Mar 2013 in favour of Bank Of India for Rs 691.35 Cr and is open. A charge is a security interest a company creates over its assets in favour of a lender; an open charge is still outstanding, while a satisfied charge has been repaid and closed with the Registrar. Amounts are as filed with the MCA.

Under the Companies Act, 2013 a company must register every charge on its property or assets with the Registrar of Companies within thirty days of creating it (Form CHG-1, or CHG-9 for debentures), and report its satisfaction within thirty days of repayment (Form CHG-4). The register of charges is public, so lenders, suppliers and investors can see which assets of Tulip Telecom Limited are already pledged, to whom, and for how much. This page lists each charge with its holder, amount, status and the dates of creation, modification and satisfaction, along with the share of borrowing held by each lending institution.

Amount in (₹)

Charges Breakdown by Lending Institutions

  • Edelweiss Asset Reconstruction Company Limited : 2080.00 Cr
  • Bank Of India : 1147.75 Cr
  • Standard Chartered Bank : 606.00 Cr
  • Icici Bank Limited : 526.15 Cr
  • Axis Trustee Services Limited : 490.00 Cr
  • Others : 1078.58 Cr

₹5,928.48 crore

₹225.00 crore

21

Edelweiss Asset Reconstruction Company Limited

Modification

17 Jul 2014

₹940.00 cr

Charge IdLenderAmountCreation DateLast Modification DateSatisfaction DateStatus
10214476 View DetailsIfci Limited₹ 100.00 22 Mar 2010-10 Nov 2010 Satisfied 1000000000.0
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