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stressed assets

Can lenders pull back Jet Airways from the brink of collapse?

Infrastructure

18 April, 2019

Can lenders pull back Jet Airways from the brink of collapse?

Once India's biggest private air carrier, Jet Airways, which grounded operations on Wednesday, can now only depend on investors to ......

Jet Airways timeline: How the airline that once dominated Indian skies collapsed

Infrastructure

18 April, 2019

Jet Airways timeline: How the airline that once dominated Indian skies collapsed

Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the ......

Ballarpur Industries unit dragged to bankruptcy court for second time

Manufacturing

17 April, 2019

Ballarpur Industries unit dragged to bankruptcy court for second time

Kotak Mahindra Bank has dragged BILT Graphic Paper Products Ltd to the bankruptcy court after the unit of Avantha group-promoted ......

Jet Airways suspends operations as lenders reject funding request

Finance

17 April, 2019

Jet Airways suspends operations as lenders reject funding request

Jet Airways (India) Ltd said on Wednesday it will suspend operations after lenders rejected its request to grant emergency funding ......

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UV ARC set to float maiden distressed assets fund

Finance

16 April, 2019

UV ARC set to float maiden distressed assets fund

UV Asset Reconstruction Company Ltd (UV ARC) is planning to float its debut fund for buying distressed assets, a person ......

Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation

Consumer

16 April, 2019

Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation

Absconding diamantaire Mehul Choksi-promoted Gitanjali Gems Ltd is headed for liquidation after a majority of its lenders decided not to ......

Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus

General

12 April, 2019

Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus

The Insolvency and Bankruptcy Code, instituted in 2016 to tackle the bad loans weighing down on India’s banking system, has ......

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Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs

Healthcare

11 April, 2019

Exclusive: Sole bidder emerges for bankrupt pharma firm Parabolic Drugs

Parabolic Drugs Ltd, a listed bulk drugs manufacturer which is currently undergoing insolvency proceedings, has received a takeover offer from ......

Jet Airways downfall: How one of India's most well-known brands collapsed

Infrastructure

10 April, 2019

Jet Airways downfall: How one of India's most well-known brands collapsed

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them ......

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 Adani seals buyout of stressed thermal power asset in big-ticket deal

Infrastructure

08 April, 2019

Adani seals buyout of stressed thermal power asset in big-ticket deal

Adani Power Ltd has sealed the buyout of a thermal power producer more than four years after first announcing an ......