insolvency
Manufacturing
ArcelorMittal gets creditors' nod for distressed Uttam Galva Steel
ArcelorMittal, one of the world’s largest steelmakers, resolution plan has received approval from the creditors of Uttam Galva Steels Ltd ......
Finance
Tribunal asks DHFL administrator to table ex-promoter's offer before lenders
The bankruptcy tribunal today asked the administrator of Dewan Housing Finance Corporation Ltd (DHFL) to table a settlement offer from ......
Finance
NCLT initiates bankruptcy proceedings against financial unit of fraud-hit Cox & Kings
The National Company Law Tribunal (NCLT) has admitted the financial unit of debt-laden travel firm Cox & Kings to insolvency ......
Manufacturing
KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea
A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company ......
Finance
After five years, why are bankruptcy resolutions still a fraction of filings?
Less than eight per cent of the bankruptcy filings have been resolved with over three times as many cases ending ......
Finance
NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy
The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd (ARC) ......
Finance
Essar Shipping sails away from bankruptcy after settling up with L&T Finance
Essar Shipping, the group’s second firm to fall into bankruptcy, has exited insolvency after settling up with creditor L&T Finance. In ......
Consumer
Kotak group ARC to walk away from bankrupt textile firm
Kotak Mahindra Group’s asset reconstruction arm is set to exit a Mumbai-based bankrupt textile firm, a person told VCCircle. Phoenix ARC's ......
Manufacturing
JSW Steel yanks Bhushan Power out of long-drawn bankruptcy
After over three years of bankruptcy, Bhushan Power and Steel has been bought by JSW Steel for $2.7 billion (Rs ......
Infrastructure
Former GIC backed shipping company dragged to bankruptcy court
A Mumbai based shipping company, once backed by several leading private equity investors including Singapore sovereign wealth fund GIC, has ......
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