stressed assets
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 from ......
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 under the Insolvency ......
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 GVK ......
Finance
SBI stressed assets specialist set to become first CEO of proposed bad bank
State Bank of India’s (SBI) Padmakumar Madhavan Nair has been appointed as chief executive officer of a bad bank or ......
Finance
NCLT initiates bankruptcy proceedings against financial unit of fraud-hit Cox & Kings
The National Company Law Tribunal (NCLT) has admitted the financial unit of debt-laden travel firm Cox & Kings to insolvency ......
Infrastructure
Nalanda-backed Ahluwalia Contracts settles up with creditor, to exit bankruptcy
Ahluwalia Contracts (India) Ltd is all set to exit bankruptcy as the Delhi-based construction firm has settled up with an ......
