stressed assets
Finance
Insolvency law supervisor tweaks rules to boost transparency in bankruptcy process
In a bid to bring more accountability and improvement to the bankruptcy resolution process, the Insolvency and Bankruptcy Board of ......
Manufacturing
Nithia Capital, Prudent ARC, and 10 strategic players circle bankrupt steelmaker
Nithia Capital Resources Advisors LLP, Prudent ARC, Orissa Metaliks and other metal and steel firms are among 12 bidders for ......
Infrastructure
Gammon India's former subsidiary goes bankrupt
A firm once backed by Gammon India, whose several subsidiaries are insolvent, has entered bankruptcy on a plea by an ......
Finance
Mumbai NBFC Authum gets lenders nod to buy Reliance Commercial Finance
Authum Investment and Infrastructure Ltd will acquire second Anil Ambani group firm Reliance Commercial Finance after lenders approved its resolution ......
Finance
Incentivise local capital to take risks in stressed space: Brescon managing partner
Mumbai-based Brescon & Allied Partners LLP, which had aborted renewed efforts to start a fund, aims to facilitate distressed deals ......
Infrastructure
Lanco Group's third arm to be dissolved through liquidation
Hyderabad-based Lanco Group’s third subsidiary which runs a thermal power plant has been ordered for liquidation by the bankruptcy tribunal. Lanco ......
Infrastructure
NCLAT sets aside liquidation order of Three C Homes' Lotus City project
A higher appellate tribunal has set aside a liquidation order passed by the National Company Law Tribunal (NCLT) against Lotus ......
Economy
Bourses issue rules for bankrupt firms to address info asymmetry among investors
India’s two major stock exchanges BSE and NSE on Friday directed companies undergoing the insolvency process to make timely disclosures ......
TMT
Legal hurdles could bedevil lenders efforts aimed at fresh bidding for RCom's telecom biz
Lenders to Reliance Communications Ltd (RCom) are considering restarting the bidding process for the company's telecom business, which may create ......
Infrastructure
US investor Silver Point closes in on Gammon India unit after dropping plans for another
US-based Silver Point Capital is likely to acquire a road firm of Gammon India months after backing out of a ......
