insolvency
Manufacturing
Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight
The bankruptcy tribunal has okayed Omkara Assets Reconstruction Pvt Ltd’s bid to acquire Jagannath Sponge Private Ltd in...
Finance
Incentivise local capital to take risks in stressed space: Brescon managing partner
Mumbai-based Brescon & Allied Partners LLP, which had aborted renewed efforts to start a fund, aims to facilitate distressed deals ......
TMT
Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom's telecom biz
Lenders to Reliance Communications Ltd (RCom) are considering restarting the bidding process for the company's telecom business,...
Finance
Piramal to get funding from StanChart, Barclays Bank for DHFL buyout
Piramal Group is set to receive Rs 13,500 crore ($1.8 billion) in loans from two foreign lenders Barclays Bank and ......
Finance
Lenders eye large accounts this year to arrest declining trend in recoveries
Recoveries made by financial creditors through the Insolvency and the Bankruptcy Code declined to a fourth this financial year...
Finance
Awaited judgment on DHFL promoter will put bankruptcy law to test once again
The top court’s verdict on the first financial services company facing bankruptcy, likely to come in a few days, will ......
Manufacturing
KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea
A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company...
Finance
After five years, why are bankruptcy resolutions still a fraction of filings?
Less than eight per cent of the bankruptcy filings have been resolved with over three times as many cases ending ......
Finance
NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy
The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd...
Consumer
Kotak group ARC to walk away from bankrupt textile firm
Kotak group ARC to walk away from bankrupt textile firm with 'good returns' Kotak Mahindra Group’s...
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