NCLT
Manufacturing
Nithia Capital acquires stressed steel firm for $80 mn
UK-based advisor and distressed steel investor Nithia Capital announced it has completed the acquisition of Crest Steel and Power Pvt ......
Infrastructure
Realty player Supertech hits bankruptcy route on NCLT order
Another realty player Supertech Ltd, one of Delhi-NCR’s largest developers, has hit the insolvency route on Friday after the Delhi ......
Consumer
NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process
A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on Videocon Industries Ltd, allowing ......
Finance
SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale
State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......
Finance
RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency
The Reserve Bank of India (RBI) has superseded the Board of businessman Anil Ambani-owned Reliance Capital Ltd, and will soon ......
TMT
Mumbai-based mobile wallet firm becomes second fintech to go insolvent
At a time when the fintech sector is flush with funds, and firms like Paytm, PhonePe and Mobikwik are in ......
TMT
Zee has two weeks to reply to shareholder lawsuit: court
India's companies court on Friday gave Zee Entertainment two weeks to file its reply to a case brought by two ......
Manufacturing
PE-backed personal care and speciality chemical maker enters bankruptcy
Fairwinds Private Equity-backed personal care products and speciality chemicals manufacturer has entered bankruptcy as a National Company Law Tribunal (NCLT) ......
Finance
Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug
Three large deals stole the news, with one Jayaswal Neco Industries witnessing closure while two big resolution plans – Jet ......
Consumer
Nirav Modi's second firm set for liquidation
Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for liquidation by the Mumbai bench of the bankruptcy ......
