insolvency
Manufacturing
Back from brink, Amtek faces debt resolution process again as SC orders fresh bids
Two weeks after staying the liquidation of Amtek Auto Ltd, India's top court has allowed lenders of the automobile component ......
Manufacturing
Supreme Court stays Amtek Auto's liquidation
The Supreme Court has stayed a tribunal’s order to liquidate Amtek Auto Ltd on a plea moved by lenders of ......
Manufacturing
NCLT approves JSW's $2.7-bn bid for Bhushan Power & Steel
The National Company Law Tribunal (NCLT) has approved billionaire Sajjan Jindal-led JSW Steel Ltd’s offer of Rs 19,700 crore ($2.7 ......
Healthcare
NCLAT sets aside Sterling Biotech liquidation, allows lenders to drop insolvency case
The National Company Law Appellate Tribunal (NCLAT) has set aside a lower court’s order to liquidate Sterling Biotech Ltd and ......
Finance
Why liquidation framework remains inadequate despite policy push?
Despite recent changes aimed at improving the liquidation process for bankrupt firms, the dissolution framework does not squeeze optimum value ......
Infrastructure
Why Jet bidders can't pin hopes on loyalty scheme alone to fly carrier again
Jet Airways (India) Ltd’s creditors have dangled the airline’s lucrative loyalty programme to attract buyers, but that may not be ......
Finance
Why a large number of firms are collapsing in insolvency tribunals
A little more than two months ago, a bankruptcy court ordered the liquidation of ABG Shipyard Ltd—one of India’s biggest ......
Manufacturing
NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover
An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in ......
Manufacturing
UV ARC acquires cement maker's debt to expand mid-market operations
UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it ......
Infrastructure
NCLT admits SBI's insolvency plea against Jet Airways
The National Company Law Tribunal (NCLT) on Thursday admitted an insolvency plea filed by State Bank of India (SBI) against ......
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