IBC
Finance
Bank of India to sell stressed assets worth $4.3 bn to ARCs
Indian government-owned Bank of India plans to put stressed assets worth Rs 30,000 crore (around $4,280 million at current exchange...
Finance
RCom opts to resume insolvency process, withdraws plea against NCLT order
Anil Ambani-led Reliance Communications Ltd (RCom) on Tuesday withdrew its petition challenging an order of the National Company...
General
Stressed assets this week: Spotlight turns on Jet Airways, Gitanjali Gems
Since the Insolvency and Bankruptcy Code (IBC) was passed in 2016, a little over Rs 1.42 lakh crore of claims ......
General
Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus
The Insolvency and Bankruptcy Code, instituted in 2016 to tackle the bad loans weighing down on India’s banking system,...
Healthcare
Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs
Parabolic Drugs Ltd, a listed bulk drugs manufacturer which is currently undergoing insolvency proceedings, has received a takeover...
Finance
Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta
It has been a year since Punjab National Bank (PNB) revealed that two jewellery groups had swindled the state-run lender ......
Infrastructure
Bengaluru developer India Builders Corp looks to sell commercial asset
India Builders Corp. is scouting for a buyer for its key commercial property in its home market Bengaluru, two people ......
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...
Infrastructure
Fundraising may suffer as more homebuyers drag developers to insolvency courts
The real estate industry’s fundraising prospects may take a hit as freshly empowered homebuyers increasingly drag developers...
Finance
Multiples PE scraps stressed assets investment programme
Renuka Ramnath-led private equity firm Multiples Alternate Asset Management has shut down its stressed assets investment division...
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