insolvency
Infrastructure
Naresh Goyal exits Jet Airways board as lenders take control
Naresh Goyal has quit as the chairman of Jet Airways (India) Ltd, stepping down from the board of the airline ......
Consumer
Patanjali revises offer for debt-laden Ruchi Soya
Patanjali Ayurved Ltd, the consumer goods company backed by yoga guru Baba Ramdev, has made an improved offer in its ......
TMT
Exclusive: ARC emerges as front runner to take over debt-ridden Aircel
An asset reconstruction company is on track to take over debt-laden telecom firm Aircel, a person familiar with the development ......
Finance
Focusing on sale of NPAs rather than insolvency process: Dena Bank CEO
Dena Bank, one of the weakest public-sector lenders, has posted losses for three financial years in a row, and is ......
Finance
Bank of India expects $360 mn from bankruptcy resolution in March quarter
Central government-owned Bank of India expects to recover around Rs 2,600 crore ($365.6 million) in the quarter ending March 2019 ......
Finance
Running out of patience, more banks are putting bad loans on the block
Lenders including India’s largest bank are opting to sell their loan exposures to companies facing insolvency even as the country’s ......
Manufacturing
Adhunik Metaliks' lenders seek new buyer as Maharashtra Seamless renews interest
Lenders to bankrupt steelmaker Adhunik Metaliks have requested an additional 12 weeks from the National Company Law Tribunal (NCLT) to ......
Finance
SC deals blow to Ruias, other promoters seeking to regain control of insolvent firms
The Supreme Court on Friday upheld the two-year-old Insolvency and Bankruptcy Code (IBC) in its entirety, thereby continuing to bar ......
Infrastructure
Jaypee Infra's lender panel okays deadline extension for filing resolution plan
The lenders’ panel of Jaypee Infratech has okayed the shortlisted bidders’ request to extend the deadline for filing bankruptcy resolution ......
Infrastructure
Fundraising may suffer as more homebuyers drag developers to insolvency courts
The real estate industry’s fundraising prospects may take a hit as freshly empowered homebuyers increasingly drag developers to insolvency courts. On ......
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