stressed assets
Finance
As companies hit the rocks and sink, lenders scour the wreck and get zilch
The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......
Finance
Recovery under bankruptcy law shows big jump but Jaypee Infratech skews the picture
The amount recovered under the Insolvency and Bankruptcy Code (IBC) jumped 13 times sequentially in the January-March quarter...
General
Why one-year suspension of bankruptcy law has put bankers, investors in tough spot
Creditors, investors and even companies involved in distressed asset resolution will suffer a major setback as the government...
Finance
Govt to privatise state-run firms, halt fresh insolvencies amid pandemic
India said on Sunday it would privatise state-run companies in non-strategic sectors and stop fresh insolvency cases for a year,...
Finance
Why calls for pre-packaged IBC deals, easing ban on promoters are getting louder
A pre-packaged deal mechanism for stressed assets and lifting a ban on promoters from bidding for the companies they once ......
Manufacturing
Sequoia-backed glass maker's quest to rope in new investors hits a wall
Hindusthan National Glass & Industries Ltd’s plan to get new investors on board has hit a hurdle after a distressed...
General
Jet Airways lenders make fourth attempt to sell grounded carrier
Lenders to Jet Airways have decided to invite fresh expressions of interest for selling a stake in the bankrupt airline....
Finance
Banks weigh Sashakt panel-proposed fund to turn around stressed assets
Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs...
Finance
Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare
Coronavirus has set off a flurry of renegotiations for distressed assets falling under the Insolvency and Bankruptcy Code (IBC)...
Manufacturing
NCLT approves CarVal's bid for Uttam Value Steels
The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by a consortium of CarVal Investors and UK-based...
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