insolvency
Infrastructure
Why Jet bidders can't pin hopes on loyalty scheme alone to fly carrier again
Jet Airways (India) Ltd’s creditors have dangled the airline’s lucrative loyalty programme to attract buyers, but...
Finance
Why a large number of firms are collapsing in insolvency tribunals
A little more than two months ago, a bankruptcy court ordered the liquidation of ABG Shipyard Ltd—one of India’s biggest...
Manufacturing
NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover
An Indian court on Thursday rejected a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel,...
Manufacturing
UV ARC acquires cement maker's debt to expand mid-market operations
UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it...
Infrastructure
NCLT admits SBI's insolvency plea against Jet Airways
The National Company Law Tribunal (NCLT) on Thursday admitted an insolvency plea filed by State Bank of India (SBI) against ......
Finance
Alvarez & Marsal's Nikhil Shah on rising dealmaking activity in stressed assets
Turnaround and restructuring specialist Alvarez and Marsal has been in the thick of the resolution proceedings initiated under India’s Insolvency ......
Manufacturing
After Bhushan Steel, Tatas to acquire Bhushan Energy via insolvency route
Tata Steel won yet another insolvent company Bhushan Energy Ltd promoted by Neeraj Singal, with the National Company Law Tribunal...
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...
Manufacturing
Essar Steel lenders dig in their heels against StanChart, operational creditors
Essar Steel India Ltd’s Committee of Creditors (CoC) is sticking to its stand on how to distribute the capital ArcelorMittal...
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