bankruptcy
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) to ......
Infrastructure
Jaypee Infra's lender panel okays deadline extension for filing resolution plan
The lenders’ panel of Jaypee Infratech has okayed the shortlisted bidders’ request to extend the deadline for filing bankruptcy resolution ......
Economy
Banks likely to recover bad loans worth $10 bn by March-end: Finance minister
Indian banks are likely to recover Rs 70,000 crore ($9.95 billion) of bad loans by the end of March, helped ......
Finance
Flashback 2018: Stressed assets pain eases as bad loan clean-up gains momentum
Two years ago, in December 2016, the Insolvency and Bankruptcy Code (IBC) came into effect. While the new bankruptcy law ......
Manufacturing
NCLAT clears UltraTech's bid for Binani Cement
An Indian tribunal has ruled that UltraTech Cement Ltd’s more than $1 billion bid for the cement unit of Binani ......
Manufacturing
Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid
Japan’s Nippon Steel & Sumitomo Metal Corp. and alloy giant ArcelorMittal said on Friday the lenders of Essar Steel India ......
Manufacturing
Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal
Essar Steel India Ltd has offered to pay Rs 54,389 crore ($7.4 billion) to its creditors to come out of ......
Manufacturing
Tata Steel to acquire Usha Martin's steel business for up to $650 mn
Tata Steel Ltd has agreed to buy the steel business of Usha Martin Ltd, its second acquisition of a stressed ......
Manufacturing
ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up
Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta ......
Infrastructure
As PE-backed power firms stare at bankruptcy, deal activity may pick up pace
Between 2009 and 2011, many private equity firms invested in Indian power companies as they hoped to benefit from rising ......
