NCLT
Finance
Awaited judgment on DHFL promoter will put bankruptcy law to test once again
The top court’s verdict on the first financial services company facing bankruptcy, likely to come in a few days, will ......
Finance
Aditya Birla ARC buys distressed debt of a coal-fired power plant in Chhattisgarh
Aditya Birla Asset Reconstruction Company (ARC) has snapped up debt worth Rs 2,500 crore (about $344 million) of a firm ......
Finance
JM Financial Asset Reconstruction Company to exit another hotel asset
JM Financial Asset Reconstruction Company (ARC) is set to exit another hotel asset as the bankruptcy tribunal has okayed an ......
Finance
Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?
The bankruptcy tribunal’s move last Thursday directing lenders of Dewan Housing Finance Corporation (DHFL) to consider a...
Infrastructure
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 ......
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...
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...
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