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