bankruptcy
Manufacturing
NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power
An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel,...
General
UK approves fugitive businessman Vijay Mallya's extradition to India
The British government has signed an order to extradite Indian liquor and aviation tycoon Vijay Mallya, the UK’s Home Office...
General
Albéa, Blackstone eye Essel Propack; Baring PE Asia may take control of NIIT Tech
French packaging company Albéa and private equity giant Blackstone Group are in advanced talks to acquire a controlling...
TMT
RCom slumps 54% to all-time low after approaching bankruptcy court
Debt-laden Reliance Communications Ltd (RCom) plunged by more than half to its record low in early trade on Monday, after ......
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
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)...
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 to submit...
Economy
Banks likely to recover bad loans worth $10 bn by March-end: Finance minister
India's Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 700 billion rupees ($9.95 billion)...
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