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Times Group-backed innerwear maker heads for liquidation

Consumer

12 October, 2020

Times Group-backed innerwear maker heads for liquidation

A Mumbai-based innerwear firm backed by Times Group, which publishes The Times of India newspaper and owns news channels and ......

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New insolvency cases touch over 3-year low in pandemic-hit June quarter

Finance

17 September, 2020

New insolvency cases touch over 3-year low in pandemic-hit June quarter

New insolvency cases dropped during pandemic-stricken April-June to the lowest in 13 quarters, showed the latest data by the Insolvency ......

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Omkara ARC seals another stressed assets deal

Consumer

30 July, 2020

Omkara ARC seals another stressed assets deal

Omkara Assets Reconstruction Pvt. Ltd has closed a debt deal down south in another stressed assets transaction signed in the ......

US hedge fund gets court approval to buy bankrupt Amtek Auto

Manufacturing

11 July, 2020

US hedge fund gets court approval to buy bankrupt Amtek Auto

US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd ......

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As companies hit the rocks and sink, lenders scour the wreck and get zilch

Finance

27 May, 2020

As companies hit the rocks and sink, lenders scour the wreck and get zilch

The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......

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Madhusudan dairy group unit snaps up steel plant from bankrupt firm

Manufacturing

18 March, 2020

Madhusudan dairy group unit snaps up steel plant from bankrupt firm

A company that’s part of the group best known for its Madhusudan brand of dairy products has acquired a steel ......

Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm

Finance

04 March, 2020

Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm

Fugitive diamantaire Nirav Modi's firm Firestar Diamond International Pvt. Ltd is set to be liquidated after the Mumbai bench of ......

IVRCL gets bid for sale of company as going concern under liquidation

Infrastructure

04 March, 2020

IVRCL gets bid for sale of company as going concern under liquidation

Hyderabad-based construction firm IVRCL Ltd is set to become the first company under liquidation to be sold as a going ......

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These three sectors account for nearly three-fourths of bankruptcy cases

Finance

19 February, 2020

These three sectors account for nearly three-fourths of bankruptcy cases

Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......

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An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

Finance

13 February, 2020

An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......