stressed assets
TMT
UV ARC to sell Aircel assets, start low-cost businesses in bid to repay lenders
UV Asset Reconstruction Company Ltd plans to resume certain operations of Aircel Ltd and sell several assets, as it aims ......
Manufacturing
Suraksha ARC set to lose race for distressed textile firm
Suraksha Asset Reconstruction Ltd is likely to have lost a bid to acquire a Maharashtra-based distressed textile company that...
TMT
Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks
The National Company Law Tribunal (NCLT) has approved the insolvency resolution plan of UV Asset Reconstruction Company Ltd to...
TMT
TV and movie production house broadcasts SOS to resolve its debt under bankruptcy law
A Mumbai-based media production house has invited bids to resolve its debt worth Rs 525 crore (about $70 million at ......
Finance
In Charts: How Asian companies are at higher risk of default this year
Asian companies are at a higher risk of default in the coming quarters than last year, a Reuters analysis of ......
Finance
JM Financial arm marks first close of debut stressed assets fund
The credit alternatives arm of the JM Financial Group has marked the first close of its debut distressed assets fund...
Finance
Lenders seek RBI nod to recast over $40 bn potential NPAs
Lenders have sought permission from the Reserve Bank of India (RBI) to restructure loans worth Rs 3 trillion ($40 billion) ......
Finance
Coronavirus, IBC suspension to drag down realisations for creditors: ICRA
The coronavirus pandemic and the suspension of new proceedings under the Insolvency and Bankruptcy Code (IBC) will likely drag...
Finance
How insolvencies climbed across sectors before India locked down to fight virus
The manufacturing and real estate sectors accounted for three-fifths of new insolvencies in the three months through March even...
Infrastructure
Jet Airways racks up long queue of suitors; 3 even come back to propose
Bankrupt Jet Airways (India) Ltd has received expressions of interest from at least eight entities including two financial services...
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