bankruptcy
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
The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel &...
Manufacturing
Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal
Essar Steel Ltd’s promoter Ruia family has offered to pay Rs 54,389 crore ($7.4 billion) to the company's creditors...
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...
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 ......
Infrastructure
Can power producers attract enough buyers to revive stressed projects
Last week, the Supreme Court provided some respite to debt-laden power companies when it refused to stop a lower court ......
General
More pros than cons of barring promoters from IBC: Panellists at VCCircle event
Keeping the promoter out of the bankruptcy-resolution process will have short-term negatives but long-term benefits will......
General
Bankruptcy resolution or liquidation: How companies admitted to NCLT are faring
The National Company Law Tribunal (NCLT) is grappling with hundreds of cases of debt-laden companies pushed into insolvency proceedings by ......
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