bankruptcy
Finance
Flashback 2019: Stressed assets remain in focus on rising bankruptcies, new challenges
When everything else fails, pray. At least that’s what State Bank of India chairman Rajnish Kumar seems to believe. “Every...
TMT
Media company Sri Adhikari Brothers dragged into bankruptcy
Sri Adhikari Brothers Television Network Ltd has been admitted into bankruptcy after defaulting on a bank loan. The Mumbai...
Infrastructure
Jaypee Infratech creditors approve NBCC's revised takeover offer
State-run NBCC (India) Ltd said on Tuesday its revised takeover offer for township developer Jaypee Infratech Ltd has been approved...
Manufacturing
ArcelorMittal forms JV with Nippon Steel to run Essar Steel
ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the ......
Finance
Cabinet clears changes in bankruptcy law to protect new owners
The Union Cabinet approved on Wednesday a number of changes in the Insolvency and Bankruptcy Code to protect new owners ......
Finance
Bankruptcy law set to face huge test in Dewan Housing case
India’s bankruptcy-resolution process has just begun to find its feet with recent precedent-setting court rulings, but bankers,...
Finance
RBI to begin bankruptcy proceedings against Dewan Housing Finance
The Reserve Bank of India on Wednesday said it will initiate bankruptcy proceedings against shadow lender Dewan Housing Finance...
Manufacturing
Supreme Court clears decks for ArcelorMittal to buy Essar Steel
The Supreme Court has cleared the decks for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......
Consumer
NCLT allows insolvency plea against Typhoo tea maker Apeejay Tea
The National Company Law Tribunal (NCLT) has ordered to start insolvency proceedings against Apeejay Tea Ltd, one of India’s...
Consumer
Why Haldiram is keen to acquire bankrupt dairy firm Kwality
In its decades-long history, Haldiram Snacks Pvt. Ltd has acquired just three companies—all in the past four years—as...
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