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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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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...

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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...

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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...

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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...

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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 ......

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Infrastructure

17 April, 2020

Jet revival prospects worsen as coronavirus prompts suitor to reconsider boarding carrier

Revival prospects for Jet Airways have worsened exactly a year after the carrier operated its last flight as coronavirus has ......

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Finance

19 February, 2020

These three sectors account for nearly three-fourths of bankruptcy cases

Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......

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Finance

13 February, 2020

An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......

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Consumer

21 January, 2020

Another VC-backed company faces bankruptcy

Venture capital-backed companies rarely get entangled in the crosshairs of bankruptcy courts. As startups generally don’t...

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