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National Company Law Tribunal

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Debt-laden Garden Silk may draw interest from asset reconstruction firm

Manufacturing

12 March, 2019

Debt-laden Garden Silk may draw interest from asset reconstruction firm

Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......

NCLT approves ArcelorMittal's takeover bid for Essar Steel

Manufacturing

08 March, 2019

NCLT approves ArcelorMittal's takeover bid for Essar Steel

India’s bankruptcy court on Friday approved global steel giant ArcelorMittal SA’s bid for debt-ridden Essar Steel, potentially ending months of ......

Orchid Pharma set for fresh bidding after lngen Capital fails to inject funds

Healthcare

04 March, 2019

Orchid Pharma set for fresh bidding after lngen Capital fails to inject funds

The insolvency resolution professional of debt-laden Orchid Pharma Ltd has again invited expressions of interest from potential investors, setting the ......

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Exclusive: ARC emerges as front runner to take over debt-ridden Aircel

TMT

01 March, 2019

Exclusive: ARC emerges as front runner to take over debt-ridden Aircel

An asset reconstruction company is on track to take over debt-laden telecom firm Aircel, a person familiar with the development ......

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Brookfield's plan for big-ticket Indian hospitality deal hits rough weather

Consumer

27 February, 2019

Brookfield's plan for big-ticket Indian hospitality deal hits rough weather

Canadian investment firm Brookfield Asset Management Inc.'s attempt to seal a big-ticket deal in India’s hospitality sector has hit a ......

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Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi

Finance

18 February, 2019

Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi

India’s new bankruptcy law has been considered a game-changer meant to address non-performing assets, but it has also suffered from ......

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Another PE-backed stressed firm set to change hands under bankruptcy law

Manufacturing

13 February, 2019

Another PE-backed stressed firm set to change hands under bankruptcy law

JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......

Premium
GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Consumer

06 February, 2019

GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see ......

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

Manufacturing

05 February, 2019

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, ......

Albéa, Blackstone eye Essel Propack; Baring PE Asia may take control of NIIT Tech

General

04 February, 2019

Albéa, Blackstone eye Essel Propack; Baring PE Asia may take control of NIIT Tech

French packaging company Albéa and private equity giant Blackstone Group are in advanced talks to acquire a controlling stake in ......