Latest news with #L&TFinance
Business Upturn
5 days ago
- Business
- Business Upturn
8 key benefits of choosing L&T Finance Personal Loan for your financial needs
A Personal Loan can be a lifesaver when you need urgent funds—be it for a medical emergency, home renovation, wedding, education, or even a planned vacation. But with so many lenders in the market, how do you decide which one is right for you? If you're looking for a solution that is both fast and reliable, the L&T Finance Personal Loan stands out for its simplicity, transparency, and customer-friendly features. Backed by the legacy and trust of L&T, this offering brings convenience and peace of mind to borrowers across India. Key Benefits to Choose an L&T Finance Personal Loan Let's explore eight key benefits of choosing an L&T Finance Personal Loan to meet your financial goals. 1. Quick and Hassle-Free Loan Approval One of the biggest advantages of opting for an L&T Finance Personal Loan is the speed of processing. Whether you apply online or offline, the entire approval and disbursal process is built to be fast, efficient, and seamless. Minimal documentation required Instant eligibility check online Approval and disbursal in as little as 48 hours* For salaried or self-employed individuals who can't afford delays, this speed can make all the difference, especially in emergencies. 2. Attractive and Competitive Interest Rates Another reason many prefer L&T Finance is the affordability factor. The L&T Finance Personal Loan interest rate is competitively priced based on your credit profile, income level, and repayment capacity. Interest rates start from attractive levels, depending on eligibility Transparent pricing with no hidden charges Tailored offers for professionals, government employees, and corporate customers A better rate means lower EMIs and savings over the loan tenure, giving you more financial breathing room. 3. High Loan Amounts up to ₹ 15 Lakhs Whether your financial need is small or significant, L&T Finance Personal Loan can support it. You can borrow from ₹ 50,000 up to ₹ 15 Llakh based on your profile and repayment history. This flexibility is ideal for: Funding higher education Covering large wedding expenses Consolidating credit card or other high-interest debts Undertaking big-ticket purchases like furniture, appliances, or electronics With access to a large loan amount, you don't need to dip into savings or break your fixed deposits. 4. Flexible Repayment Tenure When it comes to Personal Loans, repayment comfort is just as important as loan approval. L&T Finance offers flexible repayment tenures ranging from 12 to 72 months, allowing you to choose a plan that fits your budget. Short tenure = higher EMI, but lower overall interest Longer tenure = lower EMI, more manageable monthly payments Depending on your income flow, you can pick a term that helps you maintain lifestyle stability without EMI pressure. 5. Zero Collateral Requirement One of the biggest worries borrowers have is whether they'll need to pledge assets to get a loan. With L&T Finance, you get an entirely unsecured loan—meaning no need to offer gold, property, or other guarantees. No risk to personal or family assets Simple KYC and income documentation sufficient Ideal for young professionals or first-time borrowers This makes L&T Finance Personal Loan an ideal choice for those who want quick funds without paperwork complications. 6. Easy Online Application and Customer Support You don't have to visit branches or fill long forms to apply. The L&T Finance website offers a fully digital process: Check eligibility in seconds Upload documents from your phone or laptop Track loan status online e-Mandate setup for automated EMI deductions Moreover, a responsive customer service team is available to answer queries, guide you through repayment or help restructure your plan if needed. 7. Special Offers and Pre-Approved Deals L&T Finance often runs special campaigns with discounted L&T Finance Personal Loan interest rate offers for: Existing L&T customers Salaried professionals working with partner organisations Government and PSU employees Customers with excellent credit scores If you're pre-approved, your loan can be disbursed in a matter of hours—no fresh documentation needed. These offers also tend to come with reduced processing fees and flexible terms. 8. Transparent Terms with No Hidden Charges One of the most important aspects of any financial product is trust. With L&T Finance, you get absolute clarity on: Interest calculation EMI structure Foreclosure charges (if any) Processing fees and GST There are no surprise costs that creep up later, ensuring a smooth experience from start to finish. Transparency also helps you plan your finances better without second-guessing terms or chasing service support. Final Thoughts Choosing the right Personal Loan can help you manage life's expenses with ease, but it's the lender's features and reliability that truly make the experience worthwhile. An L&T Finance Personal Loan offers just that—a balanced mix of flexibility, speed, affordability, and customer support. From fast approvals to attractive L&T Finance Personal Loan interest rate options, it ticks all the boxes for a borrower looking for both convenience and value. Whether you need funds urgently or want to plan for a major expense, L&T Finance provides a secure and efficient solution tailored to your needs. Before you apply, be sure to check your eligibility, understand the repayment terms, and compare the EMI using their online calculator. And remember—responsible borrowing and timely repayment can also help you improve your credit score for future needs. * T&C Apply
Time of India
13-05-2025
- Business
- Time of India
Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series 'E' Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider. The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. 'It was a dispute amongst the shareholders about Coupon Rights,' said Prakash Bajpai, founder and chief executive of Tikona Infinet , in a statement. 'I am glad to inform that a settlement agreement has been executed already, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to NCLT is under process,' he added. The Mumbai bench of the National Company Law Tribunal (NCLT) had admitted Tikona Infinet under the Corporate Insolvency Resolution Process (CIRP) in an application filed by L&T Finance with the observation that even though certain CCDs are structured for conversion into equity, they may still be considered financial debt if the coupon payment obligation is absolute. L&T Finance had approached the tribunal alleging a default of Rs 116.01 crore in unpaid coupon payments on Series 'E' Compulsorily Convertible Debentures (CCDs) by the company. In the case, Tikona Infinet had maintained that the instruments in question were classified as equity securities and did not qualify as financial debt under the Insolvency and Bankruptcy Code. The company had also argued that the alleged coupon entitlements were subject to the availability of distributable cash and were like dividends, not debt. L&T Finance had argued that the broadband internet provider defaulted on its dues in August 2024. The lender also argued that the company failed to honour the coupon payments on Series 'E' CCDs held by the petitioner. In this case, senior counsel Mustafa Doctor, along with Murtaza Kachwalla of Argus Partners, appeared for L&T Finance, whereas Tikona Infinet was represented by advocate Shyam Kapadia and Munaf Virjee of law firm AMR Law.
&w=3840&q=100)
Business Standard
12-05-2025
- Business
- Business Standard
Tikona Infinet resolves dispute regarding debt payments with L&T Finance
Internet service provider Tikona Infinet on Monday announced that they have entered into a definitive settlement agreement with L&T Finance Limited to resolve the dispute on debt bonds. The announcement came after the National Company Law Tribunal (NCLT), Mumbai Bench, earlier admitted an application filed by L&T Finance against Tikona Infinet, citing default on coupon payments for CCDs. Tikona Infinet said the pact was signed on May 10, bringing closure to a previously reported shareholder matter related to Series 'E' Compulsorily Convertible Debentures (CCDs), following which L&T Finance has started the process to withdraw its application. "It was a dispute amongst the shareholders about Coupon Rights. I am glad to inform you that a settlement agreement has already been executed, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to the NCLT is under process," Tikona Infinet founder and CEO Prakash Bajpai said. An email query sent to L&T Finance elicited no immediate reply. The tribunal had observed that even though certain CCDs are structured for conversion into equity, they may still be considered financial debt if the coupon payment obligation is absolute, Tikona Infinet said in a statement. Tikona Infinet had maintained in its legal filings that the instruments in question were classified as equity securities and did not qualify as financial debt under the Insolvency and Bankruptcy Code. The company further argued that the alleged coupon entitlements were subject to the availability of distributable cash and were in the nature of dividends, not debt. Following internal discussions among all relevant parties and stakeholders, both sides have reached a mutually agreeable settlement. The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, the statement said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
12-05-2025
- Business
- Time of India
Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series 'E' Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. 'It was a dispute amongst the shareholders about Coupon Rights,' said Prakash Bajpai, founder and chief executive of Tikona Infinet, in a statement. 'I am glad to inform that a settlement agreement has been executed already, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to NCLT is under process,' he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Belly Fat Removal Without Surgery in Morocco: The Price Might Surprise You Belly Fat Removal | Search Ads Get Info Undo The Mumbai bench of the National Company Law Tribunal (NCLT) had admitted Tikona Infinet under the Corporate Insolvency Resolution Process (CIRP) in an application filed by L&T Finance with the observation that even though certain CCDs are structured for conversion into equity, they may still be considered financial debt if the coupon payment obligation is absolute. L&T Finance had approached the tribunal alleging a default of Rs 116.01 crore in unpaid coupon payments on Series 'E' Compulsorily Convertible Debentures (CCDs) by the company. Live Events In the case, Tikona Infinet had maintained that the instruments in question were classified as equity securities and did not qualify as financial debt under the Insolvency and Bankruptcy Code. The company had also argued that the alleged coupon entitlements were subject to the availability of distributable cash and were like dividends, not debt. L&T Finance had argued that the broadband internet provider defaulted on its dues in August 2024. The lender also argued that the company failed to honour the coupon payments on Series 'E' CCDs held by the petitioner. In this case, senior counsel Mustafa Doctor, along with Murtaza Kachwalla of Argus Partners, appeared for L&T Finance, whereas Tikona Infinet was represented by advocate Shyam Kapadia and Munaf Virjee of law firm AMR Law.
Time of India
12-05-2025
- Business
- Time of India
NCLT admits L&T Finance plea against Tikona Infinet over unpaid dues
The Mumbai bench of the National Company Law Tribunal ( NCLT ) has admitted L&T Finance 's application to initiate bankruptcy proceedings against Tikona Infinet . The financial creditor has alleged a default of ₹116.01 crore in unpaid coupon payments on Series 'E' Compulsorily Convertible Debentures (CCDs). The tribunal, while admitting a wireless broadband services provider company, also appointed Dhiren Shantilal Shah as the interim resolution professional (IRP) of the company. "CCDs can be hybrid instruments and can have the effect of debt inherent in them. The determination of the nature of the instrument shall depend on the facts and circumstances of each case," observed a bench of judicial member KR Saji Kumar and Technical Member Anil Raj Chellan in its 44-page order. "While it may be correct that certain CCDs are structured for mandatory conversion into equity shares at a specified date or upon certain events without any obligation for repayment of principal, it can still qualify as financial debt so long as the payment of the coupon is an absolute obligation on the corporate debtor (Tikona Infinet)," added the tribunal in its order of May 1, which was made available recently. Before the tribunal's order, senior counsel Mustafa Doctor, along with Murtaza Kachwalla of Argus Partners, appeared for L&T Finance and argued that the company failed to honour the coupon payments on Series 'E' CCDs held by the petitioner. The parties entered into a share subscription agreement (SSA) in August 2017, which was subsequently revised in 2018. The lender argued that the broadband internet provider defaulted on its dues in August 2024. Countering this, advocate Shyam Kapadia and Munaf Virjee of law firm AMR Law appeared for Tikona Infinet and argued that the Series E Convertibles have been classified as equity instruments in the balance sheet of the company and not as financial liabilities. "The Transaction documents impose no obligation on the corporate debtor (Tikona) to redeem or repay the principal amount of the Series 'E' CCDs," argued Tikona Infinet. "Accordingly, the claim for coupon payments cannot qualify as financial debt, and in the absence of financial debt, the present application under Section 7 of the Code is legally untenable," it further added. Nipun Singhvi, founding partner of NSA Legal, said It's an interesting and important judgement as the irrespective of conversion, CCD have been held to be financial debt. "This gives hope to several investors who have invested in hybrid instruments and can now trigger insolvency proceedings. Further, it also puts to rest arguments of alternative remedies upholding financial creditor initiation," said Singhvi.
