stressed assets
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...
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,...
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 ......
Finance
Stressed Assets Wrap: Big case resolutions gather steam
The last two months witnessed the resolution of some marquee stressed assets as well as many small ticket recoveries being ......
Infrastructure
Jet Airways lenders to take 9.5% stake, massive haircut
The final winning bidder consortium of Dubai-based businessman Murari Lal Jalan and German investor Florian Fritsch will acquire...
Finance
HDFC takes 8.4% stake in Ansal Housing by invoking pledged shares
India’s largest private mortgage financier Housing Development Finance Corporation (HDFC) has acquired an 8.42% stake in...
Consumer
Being Human's former business partner gets acquired under bankruptcy process
GB Global Ltd, ex-partner of actor Salman Khan’s apparel brand Being Human and formerly known as Mandhana Industries Ltd...
Infrastructure
Gammon India Group's stressed bridge attracts only 3 bids as several drop out of race
Of the 11 suitors for a stressed subsidiary of Gammon India Group, only three infrastructure firms have submitted final bids ......
Infrastructure
Prestige Estates Projects acquires bankrupt Ariisto Developers
Bengaluru-based Prestige Estates Projects has made an upfront payment of Rs 370 crore ($50 million) to the lenders of Mumbai’s...
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