stressed assets
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
Manufacturing
Adhunik Metaliks goes into liquidation as Liberty House fails to pay up
The National Company Law Tribunal (NCLT) has ordered the liquidation of Adhunik Metaliks Ltd and unit Zion Steel after the ......
Finance
Why a large number of firms are collapsing in insolvency tribunals
A little more than two months ago, a bankruptcy court ordered the liquidation of ABG Shipyard Ltd—one of India’s biggest ......
Infrastructure
Govt to investigate Jet Airways over alleged funds mismanagement
India ordered an investigation on Thursday into alleged mismanagement of funds at Jet Airways, which halted operations in April after ......
Infrastructure
Adani to get another chance for Dighi Port as JNPT withdraws bid
State-owned Jawaharlal Nehru Port Trust (JNPT) has withdrawn its bid to buy debt-laden Dighi Port Ltd after an insolvency court ......
Manufacturing
NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover
An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in ......
Finance
Cross-border insolvency law, steps for individual bankruptcy on cards: Economic Survey
India plans to enact a cross-border insolvency law and take steps to make bankruptcies of individuals easier as part of ......
Finance
Wilful defaults in India cross $21 bn in 2018-19
India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the ......
Manufacturing
Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel
Lenders to Asian Colour Coated Ispat Ltd have approved an offer from Sajjan Jindal-led JSW Steel Ltd to acquire the ......
Manufacturing
UV ARC acquires cement maker's debt to expand mid-market operations
UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it ......
