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PE/VC firms expand indemnity clause in investment pacts to skirt bankruptcy risks

Finance

15 November, 2017

PE/VC firms expand indemnity clause in investment pacts to skirt bankruptcy risks

A few months ago, a Hong Kong-based private equity firm hit a roadblock while seeking to sell its stake in ......

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Srei Infra starts bankruptcy proceedings against Baring- and NSR-backed firm

Consumer

02 August, 2017

Srei Infra starts bankruptcy proceedings against Baring- and NSR-backed firm

Kolkata-based Srei Infrastructure Finance Ltd has approached the National Company Law Tribunal to start bankruptcy proceedings against an edible oil ......

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Why buyers of stressed assets must brace for a long-drawn-out process

Finance

20 July, 2017

Why buyers of stressed assets must brace for a long-drawn-out process

In early May, the government empowered the Reserve Bank of India to direct lenders to start bankruptcy proceedings against large ......

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Expect deal volume, ticket size to grow this year: Phoenix Legal's Manjula Chawla

Others

27 June, 2017

Expect deal volume, ticket size to grow this year: Phoenix Legal's Manjula Chawla

Merger and acquisition activity stayed strong in 2016, and this year is poised to be even better considering the government’s ......

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Will the new ordinance help banks clean up the bad-loan mess?

Finance

23 May, 2017

Will the new ordinance help banks clean up the bad-loan mess?

When a new government takes office, it usually inherits a sizeable baggage from the previous regime. Three years ago, when ......