stressed assets
General
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,...
Healthcare
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...
Infrastructure
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 ......
Infrastructure
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 ......
Infrastructure
SBI-led lenders start stake sale process in Jet Airways
Prospective bidders of struggling Jet Airways Ltd need to settle the airline’s existing debt obligations as part of any...
Economy
What the SC order on stressed assets means for ARCs, PE funds, strategic buyers
The Supreme Court (SC) order quashing the central bank’s framework on bad loans may give more shopping time to investors,...
Economy
After SC order, RBI to issue fresh circular on bad debt resolution
The Reserve Bank of India (RBI) said on Thursday it would issue a revised circular on the resolution of stressed ......
Finance
Govt may direct state-run banks on bad debt after court's rejection of RBI rules
The government could issue directions to state-run banks to resolve corporate default cases and ensure there is no tampering with...
Finance
Stressed assets resolution to stretch as top court quashes RBI rules on bad loans
India's top court on Tuesday struck down the Reserve Bank of India's February 12, 2018 circular on bad loans, a ......
Finance
Former IL&FS chairman Hari Sankaran arrested for fraud
India’s Serious Fraud Investigation Office (SFIO) has arrested the former chairman of debt-laden Infrastructure Leasing...
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