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Supreme Court stays Amtek Auto's liquidation

Manufacturing

09 September, 2019

Supreme Court stays Amtek Auto's liquidation

The Supreme Court has stayed a tribunal’s order to liquidate Amtek Auto Ltd on a plea moved by lenders of ......

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NCLAT sets aside Sterling Biotech liquidation, allows lenders to drop insolvency case

Healthcare

29 August, 2019

NCLAT sets aside Sterling Biotech liquidation, allows lenders to drop insolvency case

The National Company Law Appellate Tribunal (NCLAT) has set aside a lower court’s order to liquidate Sterling Biotech Ltd and ......

Khaitan's whirring blades to go quiet as fan maker handed over to liquidator

Manufacturing

27 August, 2019

Khaitan's whirring blades to go quiet as fan maker handed over to liquidator

The bankruptcy tribunal has ordered the liquidation of Khaitan Electricals Ltd, a household name for fans, air coolers and other ......

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Why liquidation framework remains inadequate despite policy push?

Finance

23 August, 2019

Why liquidation framework remains inadequate despite policy push?

Despite recent changes aimed at improving the liquidation process for bankrupt firms, the dissolution framework does not squeeze optimum value ......

Live blog: VCCircle Stressed Assets Investment Summit

General

08 August, 2019

Live blog: VCCircle Stressed Assets Investment Summit

Stressed assets have dominated headlines for the past couple of years, as banks struggle with $150 billion of bad loans. ......

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SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more

Finance

29 July, 2019

SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more

State Bank of India (SBI) is leading many fights against top corporate defaulters, including Essar Steel, under the Insolvency and ......

Adhunik Metaliks goes into liquidation as Liberty House fails to pay up

Manufacturing

09 July, 2019

Adhunik Metaliks goes into liquidation as Liberty House fails to pay up

The National Company Law Tribunal (NCLT) has ordered the liquidation of Adhunik Metaliks Ltd and unit Zion Steel after the ......

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Why a large number of firms are collapsing in insolvency tribunals

Finance

08 July, 2019

Why a large number of firms are collapsing in insolvency tribunals

A little more than two months ago, a bankruptcy court ordered the liquidation of ABG Shipyard Ltd—one of India’s biggest ......

Stressed assets: NCLT gets more judges; Jet Airways finally lands into bankruptcy court

General

21 June, 2019

Stressed assets: NCLT gets more judges; Jet Airways finally lands into bankruptcy court

In a development that will help ease the burden of bankruptcy courts and expedite the resolution of distressed assets, the ......

Moser Baer Solar heads for liquidation after failing to find buyer

Manufacturing

20 June, 2019

Moser Baer Solar heads for liquidation after failing to find buyer

Moser Baer Solar Ltd is heading for liquidation after the debt-laden company failed to get any insolvency resolution plan from ......