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Insolvency and Bankruptcy Code

Brookfield inks pact to acquire Leela hotels for $576 mn

Consumer

18 March, 2019

Brookfield inks pact to acquire Leela hotels for $576 mn

Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire its luxury ......

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Putting onus on borrower is bankruptcy law's biggest plus point: PNB's Sunil Mehta

Finance

04 March, 2019

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 ......

Which distressed sectors offer the best opportunities for dealmaking?

Finance

27 February, 2019

Which distressed sectors offer the best opportunities for dealmaking?

A number of debt-laden companies across sectors have been undergoing bankruptcy resolution proceedings. These include companies in the steel, power, consumer ......

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Brookfield's plan for big-ticket Indian hospitality deal hits rough weather

Consumer

27 February, 2019

Brookfield's plan for big-ticket Indian hospitality deal hits rough weather

Canadian investment firm Brookfield Asset Management Inc.'s attempt to seal a big-ticket deal in India’s hospitality sector has hit a ......

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HDFC puts plan for stressed assets fund on the back burner

Finance

21 February, 2019

HDFC puts plan for stressed assets fund on the back burner

Housing Development Finance Corp has put on hold a plan to set up a fund to invest in stressed real ......

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Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi

Finance

18 February, 2019

Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi

India’s new bankruptcy law has been considered a game-changer meant to address non-performing assets, but it has also suffered from ......

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Another PE-backed stressed firm set to change hands under bankruptcy law

Manufacturing

13 February, 2019

Another PE-backed stressed firm set to change hands under bankruptcy law

JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......

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Indian firms wait too long to file for bankruptcy: Edward Altman

Finance

11 February, 2019

Indian firms wait too long to file for bankruptcy: Edward Altman

Edward Altman developed the Altman-Z score to predict bankruptcies 50 years ago. Now a professor emeritus of finance at New ......

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GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Consumer

06 February, 2019

GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see ......

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

Manufacturing

05 February, 2019

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, ......