Sterling Biotech
Consumer
US firm Perfect Day to invest in Sterling Biotech under bankruptcy; to invest 1.5x more
Perfect Day, a US-based food technology startup that acquired Gujarat-based Sterling Biotech through the liquidation process under the bankruptcy process, ......
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 court has refused ......
Finance
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 ......
General
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 ......
Finance
Sterling Biotech faces liquidation; lenders, promoters may challenge NCLT ruling
In a setback for the lenders of Sterling Biotech, the Mumbai bench of the National Company Law Tribunal (NCLT) has ......
General
Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus
The Insolvency and Bankruptcy Code, instituted in 2016 to tackle the bad loans weighing down on India’s banking system, has ......
Finance
NCLT says Sterling Biotech withdrawal a case for re-entry of defaulting promoters
Hearing the Sterling Biotech case, the National Company Law Tribunal (NCLT) said that withdrawal from proceedings can violate the rule ......
General
Stressed assets: Punj Lloyd case begins; NCLT says review bid for Alok Industries
Indian banks are grappling with nearly $150 billion in bad loans and the various branches of the National Company Law ......
