bankruptcy
Healthcare
SBI-led lenders to Calyx Chemicals agree for 95% haircut in takeover bid
State Bank of India and other creditors to Calyx Chemicals & Pharmaceuticals Ltd will get less than 5% of their ......
Healthcare
Two drugmakers in race for Orchid Pharma as revival hopes brighten
Orchid Pharma Ltd has attracted takeover interest from three suitors, including two drugmakers, re-igniting hopes for a revival of the ......
TMT
Aircel lenders approve UV ARC's bid, to get less than 1% of dues
UV Asset Reconstruction Company Ltd has received approval of the lenders to Aircel Ltd to buy the debt-laden telecom company ......
Infrastructure
Tribunal annuls voting by Jaypee Infratech creditors on NBCC's takeover bid
The National Company Law Appellate Tribunal (NCLAT) on Friday annulled voting by Jaypee Infratech Ltd' committee of creditors on state-owned ......
Finance
Bank of India to sell stressed assets worth $4.3 bn to ARCs
Indian government-owned Bank of India plans to put stressed assets worth Rs 30,000 crore (around $4,280 million at current exchange ......
Consumer
Sadananda Maiya-backed firm set to take over Maiyas Beverages
A company backed by food entrepreneur Sadananda Maiya is set to take over Maiyas Beverages & Foods Pvt. Ltd, which ......
Infrastructure
NCLT clears JNPT's plan to acquire Dighi Port, rejects Adani plea
A bankruptcy court has approved a resolution plan by government-owned Jawaharlal Nehru Port Trust (JNPT) to buy debt-laden Dighi Port ......
TMT
NCLT starts bankruptcy process for Reliance Communications
The National Company Law Tribunal (NCLT) on Thursday admitted Reliance Communications Ltd (RCom) for insolvency and allowed it to exclude ......
Infrastructure
India govt sees little scope for Jet Airways revival
India’s government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, two senior finance ministry officials said, ......
Infrastructure
NBCC gets govt backing for revised offer to take over Jaypee Infratech
State-owned NBCC (India) Ltd said on Wednesday it has received the government's approval for its revised offer to take over ......
