IBC
Manufacturing
JSW Steel yanks Bhushan Power out of long-drawn bankruptcy
After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 billion (Rs ......
Infrastructure
Sintex-BAPL promoter dangles Arpwood-funded offer; insolvency relief for SMEs likely
A KKR-led group of creditors is considering settling up with the Sintex-BAPL promoter out of court, people told The Economic ......
Infrastructure
Lenders clear JSW Steel bid for bankrupt Bhushan Power
After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s ......
Finance
Central bank okays Piramal takeover of DHFL
The Piramal Group has received the greenlight from the Reserve Bank of India to acquire Dewan Housing Finance Corporation Ltd ......
Finance
Piramal Group beats Oaktree to emerge as preferred bidder for DHFL
Billionaire Ajay Piramal led Piramal Group has emerged as the preferred bidder to acquire bankrupt mortgage lender Dewan Housing Finance ......
Finance
Flashback 2020: Virus manages to shoo away almost everyone from stressed assets
The distressed assets market was still going through teething problems from the four-year bankruptcy law when the Covid-19 pandemic struck ......
Manufacturing
Vedanta Group gets bankers' nod to buy 13 Videocon companies
Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent consumer appliances maker ......
Infrastructure
PE-backed ReGen Powertech unit attempts to woo buyers
An insolvent subsidiary of ReGen Powertech Pvt Ltd has initiated the process to find buyers under the bankruptcy law even ......
Consumer
Times Group-backed innerwear maker heads for liquidation
A Mumbai-based innerwear firm backed by Times Group, which publishes The Times of India newspaper and owns news channels and ......
Infrastructure
Two Lanco Infratech arms set to get new owners under IBC
Resolution plans for two subsidiary companies of Lanco Infratech are set to get approval from the bankruptcy tribunal. Lanco Thermal Power ......
