stressed assets
Infrastructure
Chennai consultancy gets greenlight to rescue power plant in Rajasthan
The bankruptcy tribunal has okayed a Chennai consultancy’s plan to rescue a power plant based in the Bikaner district. Refex Industries’ ......
Consumer
Yarn maker Sintex Industries enters bankruptcy on creditor plea
An insolvency tribunal has admitted fraud-hit textile and yarn manufacturer Sintex Industries on a plea by Invesco Asset Management (India) ......
Manufacturing
JC Flowers ARC emerges top bidder for Sathavahana Ispat but lenders seek better offer
Eight Capital-backed JC Flowers Asset Reconstruction Company has emerged as the highest bidder for stressed maker of pig iron and ......
Infrastructure
Blackstone-backed IARC aims to yank a road out of bankruptcy
International Asset Reconstruction Company (IARC), backed by Blackstone, is set to acquire a southern toll road asset under the bankruptcy ......
Finance
Essar Shipping sails away from bankruptcy after settling up with L&T Finance
Essar Shipping, the group’s second firm to fall into bankruptcy, has exited insolvency after settling up with creditor L&T Finance. In ......
Infrastructure
Green Growth Equity Fund's unit buys waste manager IL&FS Environmental
Debt-laden Infrastructure Leasing and Financial Services has sold stake in waste manager IL&FS Environmental Infrastructure & Services and its five ......
Consumer
Kotak group ARC to walk away from bankrupt textile firm
Kotak Mahindra Group’s asset reconstruction arm is set to exit a Mumbai-based bankrupt textile firm, a person told VCCircle. Phoenix ARC's ......
Finance
Bhushan Power, NOCL lead March stressed assets resolutions; Upsurge in new cases under IBC
India’s stressed assets market saw the resolution of several pending cases in bankruptcy court in March, including big-ticket ones involving Bhushan Power & Steel (BPSL), Nagarjuna Oil Corporation ......
Manufacturing
JSW Steel yanks Bhushan Power out of long-drawn bankruptcy
After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 billion (Rs ......
Finance
Eight Capital's Ravi Chachra on the new distressed fund, bad bank and opportunities ahead
Distressed assets investor Eight Capital Management, which announced a new $500 million fund in January in a joint venture with ......
