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liquidation

Go First stares at liquidation as Jindal Power decides against bidding

Infrastructure

21 November

Go First stares at liquidation as Jindal Power decides against bidding

India's Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, ......

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Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Finance

03 February

Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Liquidators in India, who are entrusted with winding up bankrupt companies, will no longer be prosecuted for failing to comply ......

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Blackstone ARC defaults on resolution plan for road asset, could face action

Blackstone ARC defaults on resolution plan for road asset, could face action

Blackstone-backed International Asset Reconstruction Company (IARC) has opted out of its resolution plan for a southern stressed toll road asset, ......

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Startups have shelled out $440 mn to buy back employee Esops in 2021 till date

Finance

06 December

Startups have shelled out $440 mn to buy back employee Esops in 2021 till date

Startups are bending backwards to sweeten deals in a bid to hire and retain employees in this competitive market. In ......

Licious rolls out new ESOP plan with anytime liquidation for one-third employees

Consumer

23 November

Licious rolls out new ESOP plan with anytime liquidation for one-third employees

Recently-turned unicorn Licious, operated by Delightful Gourmet Pvt Ltd, has announced a new employee stock ownership plan (ESOP), christened ‘Everyday ......

Nirav Modi's second firm set for liquidation

Consumer

18 August

Nirav Modi's second firm set for liquidation

Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for liquidation by the Mumbai bench of the bankruptcy ......

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Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail's pace in July

Finance

30 July

Stressed Assets Wrap: Bankruptcy resolutions continue to move at snail's pace in July

The sluggish pace of bankruptcy resolutions seen in May and June worsened in July even as several massive haircuts came ......

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Lenders take steep haircut on another steel asset under liquidation process

Lenders take steep haircut on another steel asset under liquidation process

Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......

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Lanco Group's third arm to be dissolved through liquidation

Lanco Group's third arm to be dissolved through liquidation

Hyderabad-based Lanco Group’s third subsidiary which runs a thermal power plant has been ordered for liquidation by the bankruptcy tribunal.  Lanco ......

NCLAT sets aside liquidation order of Three C Homes' Lotus City project

NCLAT sets aside liquidation order of Three C Homes' Lotus City project

A higher appellate tribunal has set aside a liquidation order passed by the National Company Law Tribunal (NCLT) against Lotus ......