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Coronavirus, IBC suspension to drag down realisations for creditors: ICRA

Finance

03 June, 2020

Coronavirus, IBC suspension to drag down realisations for creditors: ICRA

The coronavirus pandemic and the suspension of new proceedings under the Insolvency and Bankruptcy Code (IBC) will likely drag down ......

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How insolvencies climbed across sectors before India locked down to fight virus

Finance

02 June, 2020

How insolvencies climbed across sectors before India locked down to fight virus

The manufacturing and real estate sectors accounted for three-fifths of new insolvencies in the three months through March even before ......

Jet Airways racks up long queue of suitors; 3 even come back to propose

Infrastructure

29 May, 2020

Jet Airways racks up long queue of suitors; 3 even come back to propose

Bankrupt Jet Airways (India) Ltd has received expressions of interest from at least eight entities including two financial services firms ......

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As companies hit the rocks and sink, lenders scour the wreck and get zilch

Finance

27 May, 2020

As companies hit the rocks and sink, lenders scour the wreck and get zilch

The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......

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Recovery under bankruptcy law shows big jump but Jaypee Infratech skews the picture

Finance

22 May, 2020

Recovery under bankruptcy law shows big jump but Jaypee Infratech skews the picture

The amount recovered under the Insolvency and Bankruptcy Code (IBC) jumped 13 times sequentially in the January-March quarter and rose ......

Govt to privatise state-run firms, halt fresh insolvencies amid pandemic

Finance

17 May, 2020

Govt to privatise state-run firms, halt fresh insolvencies amid pandemic

India said on Sunday it would privatise state-run companies in non-strategic sectors and stop fresh insolvency cases for a year, ......

Jet Airways lenders make fourth attempt to sell grounded carrier

General

13 May, 2020

Jet Airways lenders make fourth attempt to sell grounded carrier

Lenders to Jet Airways (India) Ltd have decided to invite fresh bids from potential investors in their fourth attempt to ......

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Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare

Finance

07 May, 2020

Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare

Coronavirus has set off a flurry of renegotiations for distressed assets falling under the Insolvency and Bankruptcy Code (IBC) besides ......

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Prudent ARC to roll out debut fund as coronavirus promises to serve up stressed assets

Finance

24 April, 2020

Prudent ARC to roll out debut fund as coronavirus promises to serve up stressed assets

New Delhi-based Prudent ARC Ltd is in talks with investors to roll out its debut fund, a top executive told ......

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This might be a record year as bankruptcies go through the roof: Dhruva Advisors partner

Finance

21 April, 2020

This might be a record year as bankruptcies go through the roof: Dhruva Advisors partner

The number of bankruptcies this year could be at least four to five times that of last year owing to ......