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National Company Law Tribunal

Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid

Manufacturing

26 October, 2018

Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid

Japan’s Nippon Steel & Sumitomo Metal Corp. and alloy giant ArcelorMittal said on Friday the lenders of Essar Steel India ......

Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal

Manufacturing

25 October, 2018

Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal

Essar Steel India Ltd has offered to pay Rs 54,389 crore ($7.4 billion) to its creditors to come out of ......

KKR starts bankruptcy proceedings against dairy company Kwality

Consumer

17 October, 2018

KKR starts bankruptcy proceedings against dairy company Kwality

A non-banking finance unit of global private equity giant KKR & Co. has dragged Kwality Ltd to the bankruptcy court, ......

ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up

Manufacturing

10 September, 2018

ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up

Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta ......

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Manufacturing

24 August, 2018

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become ......

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Can power producers attract enough buyers to revive stressed projects

Infrastructure

13 August, 2018

Can power producers attract enough buyers to revive stressed projects

Last week, the Supreme Court provided some respite to debt-laden power companies when it refused to stop a lower court ......

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How PE funds, foreign banks are changing tack in battle for stressed assets

Finance

03 August, 2018

How PE funds, foreign banks are changing tack in battle for stressed assets

When Indian authorities started cracking down on banks’ bad loans two years ago, several private equity firms and stressed assets ......

Blackstone eyes realty assets of Singh brothers; ARCs circle Reid & Taylor

General

31 July, 2018

Blackstone eyes realty assets of Singh brothers; ARCs circle Reid & Taylor

Private equity giant Blackstone Group is in advanced negotiations with Fortis Healthcare’s former promoters Malvinder and Shivinder Singh and Dhillon ......

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Two years on, how effective has the bankruptcy law really been?

General

24 July, 2018

Two years on, how effective has the bankruptcy law really been?

On Monday, nearly two dozen Indian lenders inked a pact that may help expedite the resolution of bad loans. Meanwhile, the ......

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

Manufacturing

19 July, 2018

JSW-AION consortium gets NCLT nod to acquire Monnet Ispat

The National Company Law Tribunal on Thursday approved the sale of bankrupt metals firm Monnet Ispat & Energy Ltd to ......