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National Company Law Tribunal

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Dighi Port promoter to move SC as appeals tribunal okays Adani takeover plan

Infrastructure

29 July, 2020

Dighi Port promoter to move SC as appeals tribunal okays Adani takeover plan

Adani group firm has received clearance from a bankruptcy appeals tribunal to acquire Dighi Port Ltd, whose promoter now plans ......

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Jaypee Infratech's Yamuna Expressway draws investor interest

Infrastructure

16 July, 2020

Jaypee Infratech's Yamuna Expressway draws investor interest

A marquee infrastructure investment firm has approached the lenders of debt-laden township developer Jaypee Infratech Ltd to acquire the Yamuna ......

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Once-iconic textile firm enters bankruptcy to weave its way out of crisis

Manufacturing

14 July, 2020

Once-iconic textile firm enters bankruptcy to weave its way out of crisis

A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset ......

US hedge fund gets court approval to buy bankrupt Amtek Auto

Manufacturing

11 July, 2020

US hedge fund gets court approval to buy bankrupt Amtek Auto

US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd ......

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Adanis strike second deal for bankrupt firm amid allegations over impropriety

Manufacturing

01 July, 2020

Adanis strike second deal for bankrupt firm amid allegations over impropriety

The real estate arm of billionaire Gautam Adani-led Adani Enterprises Ltd is set to acquire a distressed textile company, two ......

Jet Airways shortlists four potential suitors for sale

Infrastructure

26 June, 2020

Jet Airways shortlists four potential suitors for sale

The resolution professional of bankrupt Jet Airways Ltd has shortlisted four potential bidders who may submit a bid proposal to ......

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Suraksha ARC set to lose race for distressed textile firm

Manufacturing

18 June, 2020

Suraksha ARC set to lose race for distressed textile firm

Suraksha Asset Reconstruction Ltd is likely to have lost a bid to acquire a Maharashtra-based distressed textile company that was ......

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TV and movie production house broadcasts SOS to resolve its debt under bankruptcy law

TMT

09 June, 2020

TV and movie production house broadcasts SOS to resolve its debt under bankruptcy law

A Mumbai-based media production house has invited bids to resolve its debt worth Rs 525 crore (about $70 million at ......

Jet Airways racks up long queue of suitors; 3 even come back to propose

Infrastructure

29 May, 2020

Jet Airways racks up long queue of suitors; 3 even come back to propose

Bankrupt Jet Airways (India) Ltd has received expressions of interest from at least eight entities including two financial services firms ......

IL&FS gets court nod to sell GIFT City stake to Gujarat govt

Infrastructure

27 May, 2020

IL&FS gets court nod to sell GIFT City stake to Gujarat govt

Infrastructure Leasing & Financial Services Ltd (IL&FS) has received an insolvency court’s approval to sell its 50% stake in Gujarat ......