bankruptcy
Finance
Lenders eye large accounts this year to arrest declining trend in recoveries
Recoveries made by financial creditors through the Insolvency and the Bankruptcy Code declined to a fourth this financial year...
Consumer
NCLT approves Vedanta arm's bid to acquire bankrupt Videocon Industries
In an over 95% haircut to bankers, the Mumbai bench of insolvency tribunal has cleared Vedanta Group arm’s resolution plan...
Manufacturing
Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders
Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based firm which owns a manufacturing...
Finance
Tribunal asks DHFL administrator to table ex-promoter's offer before lenders
The bankruptcy tribunal today asked the administrator of Dewan Housing Finance Corporation Ltd (DHFL) to table a settlement offer...
Finance
NCLT initiates bankruptcy proceedings against financial unit of fraud-hit Cox & Kings
The National Company Law Tribunal (NCLT) has admitted the financial unit of debt-laden travel firm Cox & Kings to insolvency...
Infrastructure
Nalanda-backed Ahluwalia Contracts settles up with creditor, to exit bankruptcy
Ahluwalia Contracts (India) Ltd is all set to exit bankruptcy as the Delhi-based construction firm has settled up with an ......
Manufacturing
KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea
A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company...
Finance
After five years, why are bankruptcy resolutions still a fraction of filings?
Less than eight per cent of the bankruptcy filings have been resolved with over three times as many cases ending ......
Finance
NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy
The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd...
Manufacturing
Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme
The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......
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