Kotak Investment Advisors set to seal first deal under bankruptcy law

The alternatives arm of billionaire Uday Kotak-owned Kotak Mahindra Bank is set to acquire its first asset under the Insolvency and Bankruptcy Code (IBC) as part of a consortium. Last month, a tribunal approved the consortium’s resolution plan worth Rs 485.8 crore ($66 million) for Prius Commercial Projects Pvt Ltd, a ......