NCLT
Finance
Bankruptcy tribunal okays state-owned NBCC's bid for Jaypee Infratech
The National Company Law Tribunal on Tuesday approved the proposal of state-owned construction firm NBCC (India) Ltd to acquire...
Manufacturing
Amtek creditors accept US hedge fund's offer, to take deep haircut
The creditors of automobile component maker Amtek Auto Ltd have okayed a bankruptcy resolution plan proposing around 80% haircut...
General
Grapevine: CPPIB front runner for Ashoka Concessions; Bain may buy Dinshaw's Dairy
Canada Pension Plan Investment Board (CPPIB) has emerged as front runner to acquire toll roads developer Ashoka Concessions at...
Manufacturing
Everstone, TVS Capital-backed wind turbine firm in the NCLT dock
A Chennai-based wind turbine firm backed by Everstone Capital, TVS Capital and MCap Advisors has been admitted to the insolvency...
General
Grapevine: RIL in talks with banks for Alok Industries; Temasek may invest in Licious
Reliance Industries Ltd (RIL) is in negotiations with State Bank of India (SBI), HDFC Bank and ICICI Bank to fund ......
Finance
Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT
The bankruptcy tribunal has ordered proceedings against Aviva Life Insurance in a case by Apeejay Trust for failure to pay ......
Infrastructure
Mumbai developer Lokhandwala goes bust, felling skyscraper plans with Shapoorji
Lokhandwala Infrastructure Pvt. Ltd is the latest to go bust, its bankruptcy spoiling plans to complete the 90-floor iconic Minerva...
Infrastructure
R-Com's undersea cable unit files for bankruptcy in US
Global Cloud Xchange (GCX), an arm of Anil Ambani-owned debt-laden Reliance Communications Ltd, has voluntarily filed for bankruptcy...
Infrastructure
Jet Airways' creditors to recover only $300-400 mn in liquidation scenario
Creditors of India’s bankrupt Jet Airways (JET.NS) are likely to recover less than 10% of the carrier’s total outstanding...
Infrastructure
NCLT admits SBI's insolvency plea against Jet Airways
The National Company Law Tribunal (NCLT) on Thursday admitted an insolvency plea filed by State Bank of India (SBI) against ......
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