stressed assets
Infrastructure
Dighi Port promoter to move SC as appeals tribunal okays Adani takeover plan
Adani group firm has received clearance from a bankruptcy appeals tribunal to acquire Dighi Port Ltd, whose promoter now plans ......
Finance
Banks' bad debt to jump amid COVID-19 pandemic: RBI report
Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the ......
Finance
Areion Asset Management gets early commitment for $64 mn stressed assets fund
Areion Asset Management Pvt. Ltd has received investor commitments for a fifth of its distressed assets vehicle’s second scheme but ......
Infrastructure
Two consortiums propose to restart Jet Airways, although somewhat differently
Jet Airways has attracted bids, finally, after spending more than a year in the insolvency resolution process. Two of the four ......
Finance
Fair-practice norms may prompt ARCs to cherry-pick deals, improve transparency
While the Indian stressed asset market is often seen as dismal, the global slowbalisation has tightened the screws on the ......
Infrastructure
Jaypee Infratech's Yamuna Expressway draws investor interest
A marquee infrastructure investment firm has approached the lenders of debt-laden township developer Jaypee Infratech Ltd to acquire the Yamuna ......
Finance
Banks scramble to beef up defences as coronavirus threatens to sour loan books
Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry ......
Manufacturing
Once-iconic textile firm enters bankruptcy to weave its way out of crisis
A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset ......
Finance
Virus would have pushed viable firms towards premature death under IBC: IBBI chief
Last month, the government suspended triggering of insolvency cases against companies for any default for six months starting March 25, ......
Manufacturing
US hedge fund gets court approval to buy bankrupt Amtek Auto
US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd ......
