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Lenders defer vote on Jaypee Infratech winner as suitors allowed two more days to revise bids

Infrastructure

24 May, 2021

Lenders defer vote on Jaypee Infratech winner as suitors allowed two more days to revise bids

Lenders of bankrupt Jaypee Infratech today decided to defer vote on the winning resolution plan, giving two more days to ......

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Suraksha holds edge over NBCC in upcoming lenders vote on Jaypee Infratech winner

Infrastructure

21 May, 2021

Suraksha holds edge over NBCC in upcoming lenders vote on Jaypee Infratech winner

The long-drawn-out battle for bankrupt real estate developer Jaypee Infratech will likely come to an end next week as the ......

Tribunal asks DHFL administrator to table ex-promoter's offer before lenders

Finance

19 May, 2021

Tribunal asks DHFL administrator to table ex-promoter's offer before lenders

The bankruptcy tribunal today asked the administrator of Dewan Housing Finance Corporation Ltd (DHFL) to table a settlement offer from ......

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Lone Star Funds files case against RattanIndia Finance alleging fraud, irregularities

Finance

17 May, 2021

Lone Star Funds files case against RattanIndia Finance alleging fraud, irregularities

A subsidiary of US-based private equity firm Lone Star Funds has moved the court against RattanIndia Finance Pvt Ltd alleging ......

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Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

Manufacturing

17 May, 2021

Chennai steel maker to buy rival under Insolvency and Bankruptcy Code

A Tamil Nadu-based steel manufacturer is set to acquire bankrupt steelmaker Kamachi Industries beating three other applicants under the Insolvency ......

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Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut

Infrastructure

13 May, 2021

Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut

A Mumbai-based asset reconstruction company (ARC) has acquired some debt of a Punjab-based stressed power project owned by the GVK ......

Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging

Manufacturing

06 May, 2021

Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging

Auto components major Bharat Forge Ltd has fully acquired a group company which will buy stressed Sanghvi Forging & Engineering ......

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Arcil, other creditors approve sale of Aditya Birla Group backed stressed IT solutions firm

TMT

04 March, 2021

Arcil, other creditors approve sale of Aditya Birla Group backed stressed IT solutions firm

Creditors, including Asset Reconstruction Company India Ltd (Arcil), have approved the sale of an Aditya Birla Group entity backed stressed ......

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Gujarat pharma firm to hit the rocks three years after bankruptcy

Healthcare

01 March, 2021

Gujarat pharma firm to hit the rocks three years after bankruptcy

A Vadodara-based pharmaceuticals company, which entered insolvency three years ago, will collapse into liquidation as the apex court has refused ......

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DHFL, Jet Airways lead a busy month for stressed asset deals in February

Finance

01 March, 2021

DHFL, Jet Airways lead a busy month for stressed asset deals in February

February was marked by movement in two large stressed assets deals -- Dewan Housing Finance Corporation Ltd (DHFL) and Jet ......