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Go First lenders approve $55 mn fund infusion to revive bankrupt airline

Go First lenders approve $55 mn fund infusion to revive bankrupt airline

Lenders to India's Go First, which is under bankruptcy protection, have approved interim funding of 4.50 billion rupees ($54.9 million) ......

NCLT admits Go First into insolvency, places moratorium on aircraft leases

NCLT admits Go First into insolvency, places moratorium on aircraft leases

An Indian tribunal on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country's ......

Go First asks NCLT to urgently pass order on insolvency plea

Go First asks NCLT to urgently pass order on insolvency plea

Go Airlines (India) on Monday asked the country's company law tribunal to urgently pass an order on its insolvency plea, ......

Go First, lessors lock horns as bankruptcy hearings begin

Go First, lessors lock horns as bankruptcy hearings begin

Indian airline Go First's effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they ......

NCLT approves Suraksha's bid in Jaypee Infra insolvency case

NCLT approves Suraksha's bid in Jaypee Infra insolvency case

The National Company Law Tribunal (NCLT), which was scheduled to govern on the Mumbai-based Suraksha group's bid to acquire Jaypee ......

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Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Finance

03 February

Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Liquidators in India, who are entrusted with winding up bankrupt companies, will no longer be prosecuted for failing to comply ......

Varde-Arena consortium bid for Srei group

Finance

05 December

Varde-Arena consortium bid for Srei group

A consortium of Arena Investors LP and Varde Partners, National Asset Reconstruction Co. Ltd (NARCL) and Mumbai-based Authum Investments have ......

US firm Perfect Day to invest in Sterling Biotech under bankruptcy; to invest 1.5x more

Consumer

01 December

US firm Perfect Day to invest in Sterling Biotech under bankruptcy; to invest 1.5x more

Perfect Day, a US-based food technology startup that acquired Gujarat-based Sterling Biotech through the liquidation process under the bankruptcy process, ......

Oaktree, Hinduja and others bid for Reliance Cap; Advent stays away

Finance

29 November

Oaktree, Hinduja and others bid for Reliance Cap; Advent stays away

US private equity major Oaktree Capital, Hinduja Group and Ahmedabad-based Torrent - a consortium of Piramal and Cosmea Financial - ......

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Värde Partners draws up $1 bn India investment plan

Infrastructure

07 November

Värde Partners draws up $1 bn India investment plan

US alternative investment firm Värde Partners plans to invest as much as $1 billion to grow its portfolio in India ......