insolvency
Finance
SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale
State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......
Finance
RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency
The Reserve Bank of India (RBI) has superseded the Board of businessman Anil Ambani-owned Reliance Capital Ltd, and will soon ......
Finance
Singapore's Broad Peak, Brescon partner for $300 mn special situation investment in India
Singapore-based Broad Peak Investment Advisors Pvt Ltd (Broad Peak) has entered into a strategic partnership with Brescon & Allied Partners ......
Finance
Former SBI chairman, Alchemist ARC promoter booked in loan scam case
Rajasthan’s Jaisalmer police have arrested ex-State Bank of India (SBI) chairman Pratip Chaudhuri in relation to a loan scam case ......
TMT
Mumbai-based mobile wallet firm becomes second fintech to go insolvent
At a time when the fintech sector is flush with funds, and firms like Paytm, PhonePe and Mobikwik are in ......
Finance
9Unicorns-backed LegalPay bails out hospital firm under IBC with interim finance
9Unicorns-backed tech-based litigation financing start-up LegalPay on Thursday said it is offering interim finance toYashomati Hospitals Pvt Ltd under the ......
Finance
After DHFL, central bank set to drag Srei group's two financial arms to bankruptcy
After Dewan Housing Finance Corporation Ltd (DHFL), the Indian banking regulator is set to push two other non-bank lenders - ......
Manufacturing
PE-backed personal care and speciality chemical maker enters bankruptcy
Fairwinds Private Equity-backed personal care products and speciality chemicals manufacturer has entered bankruptcy as a National Company Law Tribunal (NCLT) ......
Finance
Piramal aims to reduce the wholesale loan book of DHFL after merger
After Piramal Capital and Housing Finance Ltd (PCHFL) merges with Dewan Housing Finance Corporation Ltd, the combined entity will aim ......
Finance
Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug
Three large deals stole the news, with one Jayaswal Neco Industries witnessing closure while two big resolution plans – Jet ......
