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IBC

Religare arm concludes one-time settlement with lenders

Finance

09 March, 2023

Religare arm concludes one-time settlement with lenders

Religare Enterprises Limited (REL) has announced that its owned subsidiary Religare Finvest Limited (RFL), has completed the OneTime-Settlement (OTS) with ......

NCLAT sets aside NCLT order in RCap matter, allows re-bidding of company

Finance

02 March, 2023

NCLAT sets aside NCLT order in RCap matter, allows re-bidding of company

Setting aside an order passed by National Company Law Tribunal (NCLT), a two-member bench of the quasi-judicial National Company Law ......

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Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Finance

03 February, 2023

Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Liquidators in India, who are entrusted with winding up bankrupt companies, will no longer be prosecuted for failing to comply ......

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Värde Partners draws up $1 bn India investment plan

Infrastructure

07 November, 2022

Värde Partners draws up $1 bn India investment plan

US alternative investment firm Värde Partners plans to invest as much as $1 billion to grow its portfolio in India ......

'Bankrupt companies selling in parts better than sale to single bidder'

Finance

27 September, 2022

'Bankrupt companies selling in parts better than sale to single bidder'

A mix of investors buying different parts of a bankrupt company is better than a single investor picking up the ......

NTPC marks first acquisition under IBC

Infrastructure

06 September, 2022

NTPC marks first acquisition under IBC

State-run power major NTPC has acquired Jhabua Power Limited (JPL) through the Insolvency and Bankruptcy Code (IBC) process. It is the ......

Nandan Nilekani-funded ShopX files for bankruptcy

Consumer

22 August, 2022

Nandan Nilekani-funded ShopX files for bankruptcy

Bengaluru-based ShopX has decided to ‘wind down its operations’ and has filed an application for insolvency and bankruptcy under Section ......

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Varde, Arena among 3 in race for stressed Srei group firms

Finance

29 July, 2022

Varde, Arena among 3 in race for stressed Srei group firms

Arena Investors and Varde Partners are among the three resolution applicants shortlisted to buy out stressed Srei Group companies, including ......

9Unicorns -backed Legalpay marks first exit from insolvency financing

Finance

28 June, 2022

9Unicorns -backed Legalpay marks first exit from insolvency financing

Venture capital-backed litigation financing startup, Legalpay has made its first successful exit in less than a year of providing interim ......

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Bain's Special Situations Fund to pivot from distressed to growth

Finance

09 June, 2022

Bain's Special Situations Fund to pivot from distressed to growth

Bain Capital’s $2 billion special situations Asia fund (SSA) II will restratergize India plans moving away from distressed asset investments ......