Infrastructure
Varde Partners-backed Aditya Birla ARC inks first stressed assets deal
Aditya Birla ARC Ltd has agreed to acquire part of the debt that RattanIndia Power Ltd owes its lenders for ......
Finance
Dewan Housing to bring in investor, sell stake in units
Dewan Housing Finance Corporation Ltd said on Monday it will sell a stake in the company and some units to ......
People
AION Capital hires JPMorgan exec for ARC biz
AION Capital Partners has hired a senior executive for Arcion Revitalisation Pvt. Ltd as the special situations private equity...
Infrastructure
IL&FS seeks bids to sell Tamil Nadu power plant, Indonesian coal mines
Infrastructure Leasing & Financial Services (IL&FS) has invited expressions of interest by 11 February for its Tamil Nadu...
Finance
Delays, poor data have pushed settlements outside IBC: Panellists at VCCircle event
The Insolvency Bankruptcy Code, 2016 (IBC) has helped improve processes but delays in resolution and less access to quality data...
Finance
Focusing on sale of NPAs rather than insolvency process: Dena Bank CEO
Dena Bank, one of the weakest public-sector lenders, has posted losses for three financial years in a row, and is ......
Manufacturing
NCLT rejects Ruias' loan settlement offer for Essar Steel
The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......
Finance
Bank of India expects $360 mn from bankruptcy resolution in March quarter
Central government-owned Bank of India expects to recover around Rs 2,600 crore ($365.6 million) in the quarter ending March 2019...
Finance
Running out of patience, more banks are putting bad loans on the block
Lenders including India’s largest bank are opting to sell their loan exposures to companies facing insolvency even as the...
Manufacturing
Adhunik Metaliks' lenders seek new buyer as Maharashtra Seamless renews interest
Lenders to bankrupt steelmaker Adhunik Metaliks have requested an additional 12 weeks from the National Company Law Tribunal (NCLT)...
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