NCLT
Finance
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...
Finance
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...
Manufacturing
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...
Infrastructure
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...
Manufacturing
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...
TMT
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...
Healthcare
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...
Finance
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 ......
Manufacturing
Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount
A fraud-hit, bankrupt readymade garments maker is being acquired by a consortium of buyers from India and the Middle East, ......
Finance
Central bank okays Piramal takeover of DHFL
The Piramal Group has received the greenlight from the Reserve Bank of India to acquire Dewan Housing Finance Corporation Ltd...
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