stressed assets
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...
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 ......
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...
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 ......
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