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

Infrastructure

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 ...

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

Finance

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 ...

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

Consumer

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 ...

Nirav Modi's second firm set for liquidation

Consumer

Nirav Modi's second firm set for liquidation

Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for ...

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

Finance

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

The sluggish pace of bankruptcy resolution seen in May and June worsened in July even as several ...

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Lenders take steep haircut on another steel asset under liquidation process

Manufacturing

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 ...

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Lanco Group's third arm to be dissolved through liquidation

Infrastructure

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 ...

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

Infrastructure

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 ...

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Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Manufacturing

Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based...

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After five years, why are bankruptcy resolutions still a fraction of filings?

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 ...