bankruptcy
Manufacturing
Debt-laden Garden Silk may draw interest from asset reconstruction firm
Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......
Finance
Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi
India’s new bankruptcy law has been considered a game-changer meant to address non-performing assets, but it has also suffered from ......
Manufacturing
Another PE-backed stressed firm set to change hands under bankruptcy law
JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......
Finance
Indian firms wait too long to file for bankruptcy: Edward Altman
Edward Altman developed the Altman-Z score to predict bankruptcies 50 years ago. Now a professor emeritus of finance at New ......
Consumer
GIC to end up with a lemon as rare sovereign fund bet goes bust in India
Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see ......
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 ......
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...
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 ......
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 ......
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