stressed assets
Manufacturing
Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders
Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based firm which owns a manufacturing...
TMT
Mumbai IT firm pushed into bankruptcy again, this time by disgruntled ex-employee
A Mumbai-based information technology firm, which has flitted in and out of bankruptcy a couple of times in the past, ......
Finance
Hindustan Construction Company board okays resolution plan to reduce debt
The board of Hindustan Construction Company Ltd (HCC) has approved a debt resolution plan of the firm in a bid ......
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 ......
Infrastructure
Lenders defer vote on Jaypee Infratech winner as suitors allowed two more days to revise bids
Lenders of bankrupt Jaypee Infratech today decided to defer vote on the winning resolution plan, giving two more days to ......
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 ......
Infrastructure
Kotak Special Situations Fund acquires 74% of stressed HKR Roadways
Kotak Special Situations Fund today announced its eighth deal to acquire 74% stake in stressed HKR Roadways owned by a ......
Finance
Tribunal asks DHFL administrator to table ex-promoter's offer before lenders
The bankruptcy tribunal today asked the administrator of Dewan Housing Finance Corporation Ltd (DHFL) to table a settlement offer...
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...
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