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National Company Law Tribunal

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Reliance Infratel lenders to take 90% haircut as Jio set to take control

TMT

07 December, 2020

Reliance Infratel lenders to take 90% haircut as Jio set to take control

Reliance Infratel Ltd’s financial creditors will take a haircut of as much as 90% on their loans under a court-approved ......

JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat

Manufacturing

19 October, 2020

JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat

Billionaire Sajjan Jindal-owned JSW Steel Ltd has received court approval to acquire bankrupt steel company Asian Colour Coated Ispat after ......

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JM Financial ARC's wait to recover money from bankrupt textile firm gets longer

Manufacturing

24 September, 2020

JM Financial ARC's wait to recover money from bankrupt textile firm gets longer

JM Financial Asset Reconstruction Company Ltd will have to wait a little longer to recover its money from a bankrupt ......

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IL&FS PE-backed floriculture firm heads for liquidation

General

15 September, 2020

IL&FS PE-backed floriculture firm heads for liquidation

A bankrupt floriculture company that counts IL&FS Private Equity as an investor and was India’s largest producer of cut roses ......

Amtek Auto's three-year-long quest to come out of bankruptcy gets longer

Manufacturing

14 September, 2020

Amtek Auto's three-year-long quest to come out of bankruptcy gets longer

Amtek Auto Ltd’s debt resolution process has hit another hurdle as US hedge fund Deccan Value Investors, which received court ......

Grapevine: Carlyle may invest in Reliance Retail; JSW Steel eyes insolvent firm

General

14 September, 2020

Grapevine: Carlyle may invest in Reliance Retail; JSW Steel eyes insolvent firm

Private equity firm Carlyle Group is looking to invest up to $2 billion (Rs 14,663 crore) in Reliance Retail Ventures ......

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Purnendu Chatterjee's TCG looks to acquire bankrupt textile company

Manufacturing

03 September, 2020

Purnendu Chatterjee's TCG looks to acquire bankrupt textile company

A chemicals manufacturer that’s part of the Purnendu Chatterjee-led The Chatterjee Group (TCG) has made an offer to acquire a ......

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PE funds, electronics companies among bidders for Videocon assets

Manufacturing

02 September, 2020

PE funds, electronics companies among bidders for Videocon assets

Bankrupt consumer appliances maker Videocon Industries Ltd and a dozen of its units have received 11 offers for their assets ......

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Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

Finance

28 August, 2020

Why RBI nixing UV ARC's plan to buy Aircel is bad news for all stressed assets

The resolution of distressed assets under the Insolvency and Bankruptcy Code (IBC) has hit a big stumbling block with the ......

KKR's India NBFC drags Sintex unit to bankruptcy court

Manufacturing

12 August, 2020

KKR's India NBFC drags Sintex unit to bankruptcy court

KKR India Financial Services Ltd, the non-bank lending arm of the global private equity firm, has approached the bankruptcy court ......