stressed assets
Infrastructure
Suzlon Energy defaults again, says working on debt resolution
Wind-turbine maker Suzlon Energy Ltd has defaulted on the payment of foreign currency convertible bonds (FCCBs) worth $172 million...
Infrastructure
Jet Airways lenders attempt to sell bankrupt carrier again
Lenders to Jet Airways will open bids to sell the bankrupt airline on July 20, as they look to recover ......
Manufacturing
Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel
A recent order of an appeals tribunal in a case involving the bankruptcy resolution of Essar Steel India Ltd has ......
Finance
Dewan Housing lenders may accept limited haircuts to finalise rescue package
Lenders to India’s Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring...
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...
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State-owned Jawaharlal Nehru Port Trust (JNPT) has withdrawn its bid to buy debt-laden Dighi Port Ltd after an insolvency court...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 on Thursday rejected a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel,...
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