stressed assets
Manufacturing
Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant
A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......
Manufacturing
Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging
Auto components major Bharat Forge Ltd has fully acquired a group company which will buy stressed Sanghvi Forging & Engineering ......
Infrastructure
Kotak Special Situations Fund approaching halfway point in deployment
The alternative investment arm of Kotak Investment Advisors Ltd will soon have deployed half its $1 billion fund as it ......
Manufacturing
KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea
A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company ......
Finance
Oaktree Capital raises money for global credit feeder fund
Global alternative investment firm Oaktree Capital has scooped up capital for its latest credit fund from 16 investors or limited ......
Finance
After five years, why are bankruptcy resolutions still a fraction of filings?
Less than eight per cent of the bankruptcy filings have been resolved with over three times as many cases ending ......
Finance
NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy
The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd (ARC) ......
Finance
Central bank sets up committee to review ARCs' role
The central bank has set up a six-member committee to review the working and business models of asset reconstruction companies ......
Manufacturing
Lenders take nearly 61% haircut in stressed MSP Sponge Iron OTS scheme
The promoters of Kolkata based MSP Sponge Iron Ltd have completed a one-time settlement (OTS) scheme with its consortium of ......
Consumer
Fraud-hit sugar maker faces the crusher as company ordered for liquidation
Tamil Nadu’s fraud-hit Thiru Arooran Sugars Ltd is headed for liquidation after lenders failed to receive any viable revival plan ......
