bankruptcy
Manufacturing
AION Capital, JSW Steel seek antitrust nod for Monnet Ispat deal
Distressed assets player AION Capital Partners Ltd and steelmaker JSW Steel Ltd have sought antitrust nod for their joint plan ......
Manufacturing
Tata Steel emerges as top bidder for Bhushan Steel
India's Tata Steel Ltd said on Wednesday it was selected as the highest bidder to buy a controlling stake in ......
Manufacturing
ArcelorMittal, VTB-led Numetal bid for Essar Steel
ArcelorMittal SA and a group led by Russia’s VTB have made separate bids for India’s Essar Steel, which is undergoing ......
Finance
Why bankruptcy ordinance may need more fine-tuning
Last week, the government promulgated an ordinance to amend the Insolvency and Bankruptcy Code, 2016, which effectively tightens the screws ......
Finance
PE/VC firms expand indemnity clause in investment pacts to skirt bankruptcy risks
A few months ago, a Hong Kong-based private equity firm hit a roadblock while seeking to sell its stake in ......
Finance
RBI pushing more loan defaulters towards bankruptcy court
The Reserve Bank of India (RBI) has asked banks to send at least 20 companies that defaulted on their debts ......
Consumer
Srei Infra starts bankruptcy proceedings against Baring- and NSR-backed firm
Kolkata-based Srei Infrastructure Finance Ltd has approached the National Company Law Tribunal to start bankruptcy proceedings against an edible oil ......
Finance
Why buyers of stressed assets must brace for a long-drawn-out process
In early May, the government empowered the Reserve Bank of India to direct lenders to start bankruptcy proceedings against large ......
Others
Expect deal volume, ticket size to grow this year: Phoenix Legal's Manjula Chawla
Merger and acquisition activity stayed strong in 2016, and this year is poised to be even better considering the government’s ......
Manufacturing
Tribunal rejects Macquarie Bank's suit against Uttam Galva unit
The National Company Law Tribunal has dismissed a money recovery suit filed by Australian lender Macquarie Bank Ltd against a ......
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