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Jet Airways' lenders to take grounded carrier to bankruptcy court

Infrastructure

17 June, 2019

Jet Airways' lenders to take grounded carrier to bankruptcy court

Lenders to India's Jet Airways plan to begin insolvency proceedings against the debt-laden carrier, a consortium of the airline's...

PE-backed Adlabs Entertainment dragged to bankruptcy court

Consumer

07 June, 2019

PE-backed Adlabs Entertainment dragged to bankruptcy court

Weeks after private equity firm ICICI Venture exited Adlabs Entertainment Ltd with a huge haircut, a lender to the theme ......

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

Finance

07 June, 2019

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

There was plenty of action at the bankruptcy courts this week, with breakthroughs achieved in a couple of cases that ......

NCLAT stays liquidation of Sterling Biotech

Healthcare

04 June, 2019

NCLAT stays liquidation of Sterling Biotech

The National Company Law Appellate Tribunal (NCLAT) has stayed the order of a lower bankruptcy court which had referred debt-laden...

NCLAT okays Maruti Ferrous' modified plan for buying Sunil Ispat

Manufacturing

04 June, 2019

NCLAT okays Maruti Ferrous' modified plan for buying Sunil Ispat

Maruti Ferrous Pvt. Ltd’s plan to acquire bankrupt Sunil Ispat and Power has been okayed by the National Company Law ......

Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus

General

31 May, 2019

Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus

The total number of cases that have ended with the order of liquidation stand at 378 as on 31 March, ......

After Bhushan Steel, Tatas to acquire Bhushan Energy via insolvency route

Manufacturing

31 May, 2019

After Bhushan Steel, Tatas to acquire Bhushan Energy via insolvency route

Tata Steel won yet another insolvent company Bhushan Energy Ltd promoted by Neeraj Singal, with the National Company Law Tribunal...

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

Healthcare

24 May, 2019

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

With the insolvency courts in recess, activity in the stressed assets segment was slightly subdued in the week gone by. ......

Bank of India to sell stressed assets worth $4.3 bn to ARCs

Finance

16 May, 2019

Bank of India to sell stressed assets worth $4.3 bn to ARCs

Indian government-owned Bank of India plans to put stressed assets worth Rs 30,000 crore (around $4,280 million at current exchange...

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

General

10 May, 2019

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

Large insolvency cases saw several twists and turns over the past week as lenders struggled to find investors for resolution ......

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