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ActiveAhmedabad, GujaratSince 1996

Adani Power Limited

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Set up in 1996 in Ahmedabad. It has pledged its assets against loans of up to ₹1,30,319.35 crore from 9 lenders.

CINL40100GJ1996PLC030533
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30 years at a glance

Loans against its assets, and when today's people joined

19821984198619881990199219941996199820002002200420062008201020122014201620182020202220242026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegistered as a companyThe Saraswat Co-Op. Bank Ltd., up to ₹10 lakh, 5 Jan 1980 to still openSyndicate Bank, up to ₹20 lakh, 6 May 1982 to still openThe Saraswat Corporative Bank LTD, up to ₹15 lakh, 6 Sept 1982 to still openBatliboi & Co. Ltd., up to ₹3.5 crore, 22 Jun 1987 to still openSyndicate Bank, up to ₹7.5 lakh, 16 May 1989 to still openBank of Maharashtra, up to ₹24.7 crore, 14 Jun 2004 to still openIDBI Trusteeship Services Limited, up to ₹94 crore, 28 Sept 2006 to 7 May 2024IDBI Trusteeship Services Limited, up to ₹550 crore, 11 Aug 2007 to 25 Jun 2024IDBI Trusteeship Services Limited, up to ₹465 crore, 11 Aug 2007 to 28 Feb 2011UCO Bank, up to ₹550 crore, 9 Feb 2009 to 31 Dec 2009IDBI Trusteeship Services Limited, up to ₹5,629 crore, 29 Sept 2009 to 22 Jan 2025Axis Bank Limited, up to ₹1,000 crore, 10 Feb 2010 to 5 Feb 2011Axis Bank Limited, up to ₹2,200 crore, 22 Oct 2010 to 4 Sept 2012Axis Trustee Services Limited, up to ₹2,700 crore, 10 Dec 2010 to 20 Feb 2025State Bank of India, up to ₹300 crore, 6 Jan 2011 to 17 Jan 2015State Bank of India, up to ₹500 crore, 6 Jan 2011 to 17 Jan 2015IDBI Trusteeship Services Limited, up to ₹5,233 crore, 31 Jan 2011 to 24 Jan 2025IDBI Trusteeship Services Limited, up to ₹2,250 crore, 16 Jun 2011 to 1 Jan 2025IDBI Trusteeship Services Limited, up to ₹286 crore, 16 Sept 2011 to 19 Apr 2024State Bank of India, up to ₹850 crore, 19 Oct 2011 to 17 Jan 2015State Bank of Hyderabad, up to ₹300 crore, 21 Oct 2011 to 9 Apr 2012State Bank of Patiala, up to ₹200 crore, 21 Oct 2011 to 10 Apr 2012Sbicap Trustee Company Limited, up to ₹900 crore, 8 Dec 2011 to still openSbicap Trustee Company Limited, up to ₹1,008 crore, 22 Dec 2011 to 6 Jan 2025Bank of Baroda, up to ₹25 crore, 22 Dec 2011 to still openIDBI Trusteeship Services Limited, up to ₹2,676 crore, 19 Mar 2012 to 3 Dec 2024IDBI Bank Limited, up to ₹750 crore, 29 Jun 2012 to 1 Sept 2014IDBI Trusteeship Services Limited, up to ₹300 crore, 8 Sept 2012 to 5 Dec 2024Sbicap Trustee Company Limited, up to ₹293.47 crore, 16 Oct 2012 to 23 Apr 2024IDBI Bank Limited, up to ₹200 crore, 3 Apr 2013 to 6 May 2024Yes Bank Limited, up to ₹240.5 crore, 30 Sept 2013 to 22 Apr 2024Sbicap Trustee Company Limited, up to ₹447 crore, 17 Dec 2013 to 6 Dec 2024Sbicap Trustee Company Limited, up to ₹570 crore, 12 Mar 2014 to still openSbicap Trustee Company Limited, up to ₹300 crore, 12 Mar 2014 to 7 Dec 2023Sbicap Trustee Company Limited, up to ₹100 crore, 26 Mar 2014 to still openICICI Bank Limited, up to ₹300 crore, 29 Mar 2014 to 4 May 2015Sbicap Trustee Company Limited, up to ₹550 crore, 12 Aug 2014 to 6 Dec 2024IDBI Bank Limited, up to ₹200 crore, 3 Sept 2014 to 3 Dec 2024Sbicap Trustee Company Limited, up to ₹6,361 crore, 8 Sept 2014 to 12 Dec 2023IDBI Trusteeship Services Limited, up to ₹550 crore, 19 Sept 2014 to 7 May 2015Sbicap Trustee Company Limited, up to ₹14,649 crore, 24 Sept 2014 to 12 Dec 2023IDBI Trusteeship Services Limited, up to ₹550 crore, 19 Dec 2014 to 3 Dec 2024Allahabad Bank, up to ₹115 crore, 23 Jan 2015 to 26 Jun 2024IDBI Trusteeship Services Limited, up to ₹650 crore, 27 Jan 2015 to 3 Dec 2024Bank of India, up to ₹220 crore, 10 Feb 2015 to 5 Dec 2024Union Bank of India, up to ₹185 crore, 23 Feb 2015 to 9 Dec 2024IDBI Bank Limited, up to ₹115 crore, 26 Feb 2015 to 9 May 2024IDBI Trusteeship Services Limited, up to ₹500 crore, 26 Feb 2015 to 28 Apr 2017IDBI Trusteeship Services Limited, up to ₹500 crore, 9 Mar 2015 to 28 Apr 2017UCO Bank, up to ₹145 crore, 10 Mar 2015 to 14 May 2024Axis Trustee Services Limited, up to ₹1,490.93 crore, 26 Mar 2015 to 20 Feb 2025Canara Bank, up to ₹100 crore, 9 Apr 2015 to 12 Dec 2023Sbicap Trustee Company Limited, up to ₹149 crore, 23 Apr 2015 to 16 Dec 2024IDBI Trusteeship Services Limited, up to ₹1,000 crore, 12 May 2015 to 29 Feb 2016IDBI Trusteeship Services Limited, up to ₹328 crore, 26 May 2015 to 1 Jan 2025IDBI Trusteeship Services Limited, up to ₹1,330 crore, 11 Jun 2015 to 3 Jan 2025Sbicap Trustee Company Limited, up to ₹1,400 crore, 6 Aug 2015 to 12 Dec 2023Sbicap Trustee Company Limited, up to ₹9,239 crore, 28 Aug 2015 to 12 Dec 2023Sbicap Trustee Company Limited, up to ₹4,324 crore, 11 Sept 2015 to still openSbicap Trustee Company Limited, up to ₹4,194.89 crore, 11 Sept 2015 to still openIDBI Trusteeship Services Limited, up to ₹200 crore, 6 Oct 2015 to 3 Jan 2025IDBI Trusteeship Services Limited, up to ₹100 crore, 6 Oct 2015 to 5 Dec 2024IDBI Trusteeship Services Limited, up to ₹100 crore, 6 Oct 2015 to 5 Dec 2024Sbicap Trustee Company Limited, up to ₹739 crore, 4 Jan 2016 to still openSbicap Trustee Company Limited, up to ₹4,358.39 crore, 22 Mar 2016 to 16 Dec 2024Canara Bank, up to ₹36.2 crore, 30 Mar 2016 to 12 Dec 2023Canara Bank, up to ₹120.7 crore, 30 Mar 2016 to 12 Dec 2023Sbicap Trustee Company Limited, up to ₹100 crore, 16 Jun 2016 to 12 Dec 2023Sbicap Trustee Company Limited, up to ₹1,168.84 crore, 29 Jun 2016 to 16 Dec 2024Axis Trustee Services Limited, up to ₹420 crore, 4 Jul 2016 to 17 Jul 2023Sbicap Trustee Company Limited, up to ₹100 crore, 20 Jul 2016 to 6 May 2024IDBI Trusteeship Services Limited, up to ₹1,000 crore, 29 Jul 2016 to 3 Dec 2024Axis Trustee Services Limited, up to ₹350 crore, 9 Sept 2016 to 17 Aug 2018Axis Trustee Services Limited, up to ₹400 crore, 9 Sept 2016 to 30 Jul 2018IDBI Trusteeship Services Limited, up to ₹500 crore, 23 Sept 2016 to 3 Oct 2023Axis Trustee Services Limited, up to ₹455.7 crore, 23 Sept 2016 to 20 Feb 2025Axis Trustee Services Limited, up to ₹1,750.48 crore, 23 Sept 2016 to 20 Feb 2025Axis Trustee Services Limited, up to ₹223.13 crore, 23 Sept 2016 to 20 Feb 2025IDBI Trusteeship Services Limited, up to ₹500 crore, 24 Nov 2016 to 5 Dec 2024Sbicap Trustee Company Limited, up to ₹5,389.23 crore, 26 Dec 2016 to 12 Dec 2023IDBI Trusteeship Services Limited, up to ₹1,050 crore, 31 Dec 2016 to 16 Dec 2024Sbicap Trustee Company Limited, up to ₹383 crore, 31 Dec 2016 to 12 Dec 2023IDBI Trusteeship Services Limited, up to ₹348 crore, 9 Jan 2017 to 26 Apr 2024Sbicap Trustee Company Limited, up to ₹315 crore, 11 Jan 2017 to still openIDBI Trusteeship Services Limited, up to ₹743.44 crore, 3 Feb 2017 to 1 Sept 2023Vistra Itcl (India) Limited, up to ₹270 crore, 4 Feb 2017 to 9 May 2017IDBI Trusteeship Services Limited, up to ₹1,000 crore, 13 Feb 2017 to 3 Dec 2024IDBI Trusteeship Services Limited, up to ₹300 crore, 20 Feb 2017 to 3 Dec 2024Vistra Itcl (India) Limited, up to ₹275 crore, 9 Mar 2017 to 21 Mar 2018Vistra Itcl (India) Limited, up to ₹300 crore, 9 Mar 2017 to 17 Aug 2017IDBI Trusteeship Services Limited, up to ₹21,928 crore, 10 Jul 2018 to 13 Dec 2023Vistra Itcl (India) Limited, up to ₹200 crore, 25 Jan 2019 to 25 Feb 2021Vistra Itcl (India) Limited, up to ₹300 crore, 25 Jan 2019 to 25 Feb 2021Vistra Itcl ( India) Limited, up to ₹600 crore, 25 Mar 2019 to 25 Feb 2021Sbicap Trustee Company Limited, up to ₹250 crore, 29 Mar 2019 to still openSbicap Trustee Company Limited, up to ₹150 crore, 6 May 2019 to still openAxis Trustee Services Limited, up to ₹4,450.48 crore, 2 Aug 2019 to 11 Dec 2023Axis Trustee Services Limited, up to ₹1,025.93 crore, 19 Aug 2019 to 11 Dec 2023Axis Trustee Services Limited, up to ₹753.18 crore, 19 Aug 2019 to 20 Feb 2025IDBI Trusteeship Services Limited, up to ₹13,897.82 crore, 24 Oct 2019 to still openIDBI Trusteeship Services Limited, up to ₹10,075.42 crore, 31 Oct 2019 to still openSbicap Trustee Company Limited, up to ₹62 crore, 4 Nov 2019 to 6 Dec 2024Sbicap Trustee Company Limited, up to ₹200 crore, 19 Jun 2020 to still openSbicap Trustee Company Limited, up to ₹42 crore, 27 Aug 2020 to 19 May 2021Yes Bank Limited, up to ₹300 crore, 16 Dec 2020 to 21 Jul 2023Sbicap Trustee Company Limited, up to ₹200 crore, 19 Jul 2021 to 6 Dec 2024Bank of Baroda, up to ₹20 crore, 29 Oct 2021 to still openIDBI Trusteeship Services Limited, up to ₹1,900 crore, 16 Mar 2022 to 26 Feb 2024Sbicap Trustee Company Limited, up to ₹720 crore, 26 Sept 2022 to still openSbicap Trustee Company Limited, up to ₹88 crore, 26 Sept 2022 to still openSbicap Trustee Company Limited, up to ₹2,000 crore, 14 Oct 2022 to still openIDBI Trusteeship Services Limited, up to ₹8,707.6 crore, 20 Jun 2023 to 12 Jun 2026Punjab National Bank, up to ₹1 lakh, 18 Aug 2023 to still openSbicap Trustee Company Limited, up to ₹29,648.62 crore, 21 Nov 2023 to 8 Jan 2025IDBI Trusteeship Services Limited, up to ₹3,268 crore, 23 Feb 2024 to still openSbicap Trustee Company Limited, up to ₹42,218 crore, 13 Jun 2024 to still openSbicap Trustee Company Limited, up to ₹1,800 crore, 20 Jan 2025 to still openSbicap Trustee Company Limited, up to ₹1,800 crore, 4 Mar 2025 to still openSbicap Trustee Company Limited, up to ₹3,000 crore, 25 Jun 2025 to still openSbicap Trustee Company Limited, up to ₹4,000 crore, 24 Jul 2025 to still openSbicap Trustee Company Limited, up to ₹5,000 crore, 30 Sept 2025 to still openSbicap Trustee Company Limited, up to ₹7,500 crore, 27 Jan 2026 to still openSbicap Trustee Company Limited, up to ₹8,199.43 crore, 13 May 2026 to still openIDBI Trusteeship Services Limited, up to ₹2,555 crore, 20 May 2026 to still openIDBI Trusteeship Services Limited, up to ₹1,200 crore, 20 May 2026 to still openIDBI Trusteeship Services Limited, up to ₹4,581.05 crore, 20 May 2026 to still openIDBI Trusteeship Services Limited, up to ₹150 crore, 20 May 2026 to still openSbicap Trustee Company Limited, up to ₹3,000 crore, 26 May 2026 to still openSbicap Trustee Company Limited, up to ₹1,000 crore, 10 Jun 2026 to still openSbicap Trustee Company Limited, up to ₹950 crore, 10 Jun 2026 to still openSbicap Trustee Company Limited, up to ₹1,500 crore, 11 Sept 2026 to still open
Loan still openLoan paid offSomeone joined, and is still there
  • 1996Registered as a company on 22 Aug 1996.
  • 2024Its biggest loan against assets, ₹42,218 crore with Sbicap Trustee Company Limited, is still open.

Who runs it

This page does not list its directors yet. Open the company in Entiva to see who runs it on MCA's register today.

Who has lent to it

₹1,30,319.35 crorein loans backed by its assets, from 9 lenders

  • Sbicap Trustee Company Limited₹94,518.32 crore

    25 open loans, taken out 2011 to 2026

  • IDBI Trusteeship Services Limited₹35,727.29 crore

    7 open loans, taken out 2019 to 2026

  • Bank of Baroda₹45 crore

    2 open loans, taken out 2011 to 2021

  • Bank of Maharashtra₹24.7 crore

    Open, taken out 14 Jun 2004

  • Batliboi & Co. Ltd.₹3.5 crore

    Open, taken out 22 Jun 1987

  • Syndicate Bank₹27.5 lakh

    2 open loans, taken out 1982 to 1989

  • The Saraswat Corporative Bank LTD₹15 lakh

    Open, taken out 6 Sept 1982

  • The Saraswat Co-Op. Bank Ltd.₹10 lakh

    Open, taken out 5 Jan 1980

  • Punjab National Bank₹1 lakh

    Open, taken out 18 Aug 2023

90 earlier loans, now paid off
  • Sbicap Trustee Company Limited21 Nov 2023 to 8 Jan 2025₹29,648.62 crore
  • IDBI Trusteeship Services Limited20 Jun 2023 to 12 Jun 2026₹8,707.6 crore
  • IDBI Trusteeship Services Limited16 Mar 2022 to 26 Feb 2024₹1,900 crore
  • Sbicap Trustee Company Limited19 Jul 2021 to 6 Dec 2024₹200 crore
  • Yes Bank Limited16 Dec 2020 to 21 Jul 2023₹300 crore
  • Sbicap Trustee Company Limited27 Aug 2020 to 19 May 2021₹42 crore
  • Sbicap Trustee Company Limited4 Nov 2019 to 6 Dec 2024₹62 crore
  • Axis Trustee Services Limited19 Aug 2019 to 11 Dec 2023₹1,025.93 crore
  • Axis Trustee Services Limited19 Aug 2019 to 20 Feb 2025₹753.18 crore
  • Axis Trustee Services Limited2 Aug 2019 to 11 Dec 2023₹4,450.48 crore
  • Vistra Itcl ( India) Limited25 Mar 2019 to 25 Feb 2021₹600 crore
  • Vistra Itcl (India) Limited25 Jan 2019 to 25 Feb 2021₹200 crore
  • Vistra Itcl (India) Limited25 Jan 2019 to 25 Feb 2021₹300 crore
  • IDBI Trusteeship Services Limited10 Jul 2018 to 13 Dec 2023₹21,928 crore
  • Vistra Itcl (India) Limited9 Mar 2017 to 21 Mar 2018₹275 crore
  • Vistra Itcl (India) Limited9 Mar 2017 to 17 Aug 2017₹300 crore
  • IDBI Trusteeship Services Limited20 Feb 2017 to 3 Dec 2024₹300 crore
  • IDBI Trusteeship Services Limited13 Feb 2017 to 3 Dec 2024₹1,000 crore
  • Vistra Itcl (India) Limited4 Feb 2017 to 9 May 2017₹270 crore
  • IDBI Trusteeship Services Limited3 Feb 2017 to 1 Sept 2023₹743.44 crore
  • IDBI Trusteeship Services Limited9 Jan 2017 to 26 Apr 2024₹348 crore
  • IDBI Trusteeship Services Limited31 Dec 2016 to 16 Dec 2024₹1,050 crore
  • Sbicap Trustee Company Limited31 Dec 2016 to 12 Dec 2023₹383 crore
  • Sbicap Trustee Company Limited26 Dec 2016 to 12 Dec 2023₹5,389.23 crore
  • IDBI Trusteeship Services Limited24 Nov 2016 to 5 Dec 2024₹500 crore
  • IDBI Trusteeship Services Limited23 Sept 2016 to 3 Oct 2023₹500 crore
  • Axis Trustee Services Limited23 Sept 2016 to 20 Feb 2025₹455.7 crore
  • Axis Trustee Services Limited23 Sept 2016 to 20 Feb 2025₹1,750.48 crore
  • Axis Trustee Services Limited23 Sept 2016 to 20 Feb 2025₹223.13 crore
  • Axis Trustee Services Limited9 Sept 2016 to 17 Aug 2018₹350 crore
  • Axis Trustee Services Limited9 Sept 2016 to 30 Jul 2018₹400 crore
  • IDBI Trusteeship Services Limited29 Jul 2016 to 3 Dec 2024₹1,000 crore
  • Sbicap Trustee Company Limited20 Jul 2016 to 6 May 2024₹100 crore
  • Axis Trustee Services Limited4 Jul 2016 to 17 Jul 2023₹420 crore
  • Sbicap Trustee Company Limited29 Jun 2016 to 16 Dec 2024₹1,168.84 crore
  • Sbicap Trustee Company Limited16 Jun 2016 to 12 Dec 2023₹100 crore
  • Canara Bank30 Mar 2016 to 12 Dec 2023₹36.2 crore
  • Canara Bank30 Mar 2016 to 12 Dec 2023₹120.7 crore
  • Sbicap Trustee Company Limited22 Mar 2016 to 16 Dec 2024₹4,358.39 crore
  • IDBI Trusteeship Services Limited6 Oct 2015 to 3 Jan 2025₹200 crore
  • IDBI Trusteeship Services Limited6 Oct 2015 to 5 Dec 2024₹100 crore
  • IDBI Trusteeship Services Limited6 Oct 2015 to 5 Dec 2024₹100 crore
  • Sbicap Trustee Company Limited28 Aug 2015 to 12 Dec 2023₹9,239 crore
  • Sbicap Trustee Company Limited6 Aug 2015 to 12 Dec 2023₹1,400 crore
  • IDBI Trusteeship Services Limited11 Jun 2015 to 3 Jan 2025₹1,330 crore
  • IDBI Trusteeship Services Limited26 May 2015 to 1 Jan 2025₹328 crore
  • IDBI Trusteeship Services Limited12 May 2015 to 29 Feb 2016₹1,000 crore
  • Sbicap Trustee Company Limited23 Apr 2015 to 16 Dec 2024₹149 crore
  • Canara Bank9 Apr 2015 to 12 Dec 2023₹100 crore
  • Axis Trustee Services Limited26 Mar 2015 to 20 Feb 2025₹1,490.93 crore
  • UCO Bank10 Mar 2015 to 14 May 2024₹145 crore
  • IDBI Trusteeship Services Limited9 Mar 2015 to 28 Apr 2017₹500 crore
  • IDBI Bank Limited26 Feb 2015 to 9 May 2024₹115 crore
  • IDBI Trusteeship Services Limited26 Feb 2015 to 28 Apr 2017₹500 crore
  • Union Bank of India23 Feb 2015 to 9 Dec 2024₹185 crore
  • Bank of India10 Feb 2015 to 5 Dec 2024₹220 crore
  • IDBI Trusteeship Services Limited27 Jan 2015 to 3 Dec 2024₹650 crore
  • Allahabad Bank23 Jan 2015 to 26 Jun 2024₹115 crore
  • IDBI Trusteeship Services Limited19 Dec 2014 to 3 Dec 2024₹550 crore
  • Sbicap Trustee Company Limited24 Sept 2014 to 12 Dec 2023₹14,649 crore
  • IDBI Trusteeship Services Limited19 Sept 2014 to 7 May 2015₹550 crore
  • Sbicap Trustee Company Limited8 Sept 2014 to 12 Dec 2023₹6,361 crore
  • IDBI Bank Limited3 Sept 2014 to 3 Dec 2024₹200 crore
  • Sbicap Trustee Company Limited12 Aug 2014 to 6 Dec 2024₹550 crore
  • ICICI Bank Limited29 Mar 2014 to 4 May 2015₹300 crore
  • Sbicap Trustee Company Limited12 Mar 2014 to 7 Dec 2023₹300 crore
  • Sbicap Trustee Company Limited17 Dec 2013 to 6 Dec 2024₹447 crore
  • Yes Bank Limited30 Sept 2013 to 22 Apr 2024₹240.5 crore
  • IDBI Bank Limited3 Apr 2013 to 6 May 2024₹200 crore
  • Sbicap Trustee Company Limited16 Oct 2012 to 23 Apr 2024₹293.47 crore
  • IDBI Trusteeship Services Limited8 Sept 2012 to 5 Dec 2024₹300 crore
  • IDBI Bank Limited29 Jun 2012 to 1 Sept 2014₹750 crore
  • IDBI Trusteeship Services Limited19 Mar 2012 to 3 Dec 2024₹2,676 crore
  • Sbicap Trustee Company Limited22 Dec 2011 to 6 Jan 2025₹1,008 crore
  • State Bank of Hyderabad21 Oct 2011 to 9 Apr 2012₹300 crore
  • State Bank of Patiala21 Oct 2011 to 10 Apr 2012₹200 crore
  • State Bank of India19 Oct 2011 to 17 Jan 2015₹850 crore
  • IDBI Trusteeship Services Limited16 Sept 2011 to 19 Apr 2024₹286 crore
  • IDBI Trusteeship Services Limited16 Jun 2011 to 1 Jan 2025₹2,250 crore
  • IDBI Trusteeship Services Limited31 Jan 2011 to 24 Jan 2025₹5,233 crore
  • State Bank of India6 Jan 2011 to 17 Jan 2015₹300 crore
  • State Bank of India6 Jan 2011 to 17 Jan 2015₹500 crore
  • Axis Trustee Services Limited10 Dec 2010 to 20 Feb 2025₹2,700 crore
  • Axis Bank Limited22 Oct 2010 to 4 Sept 2012₹2,200 crore
  • Axis Bank Limited10 Feb 2010 to 5 Feb 2011₹1,000 crore
  • IDBI Trusteeship Services Limited29 Sept 2009 to 22 Jan 2025₹5,629 crore
  • UCO Bank9 Feb 2009 to 31 Dec 2009₹550 crore
  • IDBI Trusteeship Services Limited11 Aug 2007 to 25 Jun 2024₹550 crore
  • IDBI Trusteeship Services Limited11 Aug 2007 to 28 Feb 2011₹465 crore
  • IDBI Trusteeship Services Limited28 Sept 2006 to 7 May 2024₹94 crore

What its filings add

Adani Power files these with the registrar. Entiva fetches and reads them for you.

  • Every year · AOC-4

    Revenue, profit and the balance sheet

    Its financial statements, year by year.

  • Every year · MGT-7

    Who owns it

    Its shareholders, and how much each one owns.

  • Each loan · CHG-1

    Each loan in detail

    The terms, and which assets back each loan.

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.