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PE-backed ReGen Powertech unit attempts to woo buyers

Infrastructure

22 October, 2020

PE-backed ReGen Powertech unit attempts to woo buyers

An insolvent subsidiary of ReGen Powertech Pvt Ltd has initiated the process to find buyers under the bankruptcy law even ......

Dewan Housing administrator files $1.7 bn fraud case against Kapil Wadhawan, others

Finance

28 September, 2020

Dewan Housing administrator files $1.7 bn fraud case against Kapil Wadhawan, others

The administrator of troubled Dewan Housing Finance Corporation Ltd (DHFL) has filed a case of fraud worth Rs 12,705 crore ......

Grapevine: Carlyle may invest in Reliance Retail; JSW Steel eyes insolvent firm

General

14 September, 2020

Grapevine: Carlyle may invest in Reliance Retail; JSW Steel eyes insolvent firm

Private equity firm Carlyle Group is looking to invest up to $2 billion (Rs 14,663 crore) in Reliance Retail Ventures ......

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Ansal Properties wins court battle to avoid bankruptcy

Infrastructure

14 August, 2020

Ansal Properties wins court battle to avoid bankruptcy

Delhi-based realty firm Ansal Properties and Infrastructure Ltd has received a favourable verdict that will help it skirt insolvency proceedings. National ......

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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 ......

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

Finance

12 June, 2020

SBI puts Anil Ambani in dock for guarantee given on loans to his firms

The country’s largest lender State Bank of India (SBI) has taken Anil Ambani to the bankruptcy tribunal for a personal ......

Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks

TMT

10 June, 2020

Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks

The National Company Law Tribunal (NCLT) has approved the insolvency resolution plan of UV Asset Reconstruction Company Ltd to acquire ......

NCLT approves CarVal's bid for Uttam Value Steels

Manufacturing

04 May, 2020

NCLT approves CarVal's bid for Uttam Value Steels

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by a consortium of CarVal Investors and UK-based ......

Ansal Properties asks appeals tribunal to reverse insolvency proceedings verdict

Infrastructure

20 March, 2020

Ansal Properties asks appeals tribunal to reverse insolvency proceedings verdict

Ansal Properties and Infrastructure Ltd has said it has challenged the initiation of insolvency proceedings in an appeals tribunal. The move ......

Jet Airways lenders seek two more months for insolvency resolution

Infrastructure

13 March, 2020

Jet Airways lenders seek two more months for insolvency resolution

With investors not showing up amid global coronavirus outbreak, lenders to Jet Airways will seek another extension of around two ......