IBC
Finance
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 ......
Finance
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 ......
Finance
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 ......
Infrastructure
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 ......
Finance
'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 ......
Infrastructure
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 ......
Consumer
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 ......
Finance
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 ......
Finance
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 ......
Finance
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 ......