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

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 ...

NCLT admits petition to initiate resolution against Future Retail

Consumer

NCLT admits petition to initiate resolution against Future Retail

The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s...

9Unicorns -backed Legalpay marks first exit from insolvency financing

Finance

9Unicorns -backed Legalpay marks first exit from insolvency financing

Venture capital-backed litigation financing startup, Legalpay has made its first successful exit in ...

Naples Global, LegalPay float $5 mn fund for founders to settle board disputes

Finance

Naples Global, LegalPay float $5 mn fund for founders to settle board disputes

Florida-based hedge fund Naples Global has partnered with litigation financing platform LegalPay to ...

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

Manufacturing

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care...

Over 18,600 stressed assets worth Rs 5.9 lakh cr resolved before bankruptcy admission: Economic Survey

Finance

Over 18,600 stressed assets worth Rs 5.9 lakh cr resolved before bankruptcy admission: Economic Survey

At least 18,629 applications of distressed companies with debt worth over Rs 5.89 lakh crore (...

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

Consumer

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (...

9Unicorns-backed LegalPay launches healthcare-focused fund for retail investors

Finance

9Unicorns-backed LegalPay launches healthcare-focused fund for retail investors

9Unicorns-backed tech-based litigation financing start-up LegalPay has launched a Special Purpose ...

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

Consumer

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on ...

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Manufacturing

Ares SSG arm-Reliance and Welspun among 4 bidders to acquire stressed Sintex Industries

Billionaire Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-...