stressed assets
Finance
Piramal to get funding from StanChart, Barclays Bank for DHFL buyout
Piramal Group is set to receive Rs 13,500 crore ($1.8 billion) in loans from two foreign lenders Barclays Bank and ......
Infrastructure
Bankrupt realty firm Jaypee Infratech's lenders to vote on winner next week
Lenders of bankrupt real estate developer Jaypee Infratech on Thursday decided to vote on the winning resolution plan next week. The...
Finance
Lenders eye large accounts this year to arrest declining trend in recoveries
Recoveries made by financial creditors through the Insolvency and the Bankruptcy Code declined to a fourth this financial year...
Consumer
NCLT approves Vedanta arm's bid to acquire bankrupt Videocon Industries
In an over 95% haircut to bankers, the Mumbai bench of insolvency tribunal has cleared Vedanta Group arm’s resolution plan...
Infrastructure
Jaypee Infratech lenders to consider bids on Thursday; Suraksha revises offer
Bankrupt realty developer Jaypee Infratech's committee of creditors (CoC) will consider bids of both state-owned NBCC (India)...
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
State-owned banks identify $12 bn NPAs to be transferred to bad bank
Public sector banks have identified a total of 22 large bad loan accounts worth Rs 89,000 crore (approximately $12.2 billion)...
Finance
Punjab National Bank to buy stake in bad bank
Government-owned Punjab National Bank (PNB) on Saturday said it will acquire a stake in the soon-to-be-set-up National Asset Reconstruction...
Finance
NCLT approves Piramal offer to acquire DHFL with conditions
An insolvency court today conditionally approved Piramal Group’s overall resolution plan for financially troubled Dewan...
Manufacturing
ArcelorMittal gets creditors' nod for distressed Uttam Galva Steel
ArcelorMittal, one of the world’s largest steelmakers, resolution plan has received approval from the creditors of Uttam...
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