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Bankruptcy resolutions expected to soar after Budget spells relief for RPs

Finance

03 February, 2023

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

Infrastructure

01 June, 2022

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, 2021

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 ......

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

Finance

30 July, 2021

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

Manufacturing

26 July, 2021

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

Infrastructure

13 July, 2021

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 ......

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

Manufacturing

01 June, 2021

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 firm which owns a manufacturing unit ......

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

Finance

22 April, 2021

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 ......

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Bhushan Power, NOCL lead March stressed assets resolutions; Upsurge in new cases under IBC

Finance

31 March, 2021

Bhushan Power, NOCL lead March stressed assets resolutions; Upsurge in new cases under IBC

India’s stressed assets market saw the resolution of several pending cases in bankruptcy court in March, including big-ticket ones involving Bhushan Power & Steel (BPSL), Nagarjuna Oil Corporation ......

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Infra solutions provider, once backed by Sequoia, ordered for liquidation

Infrastructure

18 March, 2021

Infra solutions provider, once backed by Sequoia, ordered for liquidation

An infrastructure solutions provider, once funded by Sequoia and ChrysCapital, has been ordered for liquidation by the bankruptcy tribunal. “Considering the ......