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TCG-backed Haldia Petrochemicals gets third time lucky with Nagarjuna Oil Corp

Infrastructure

19 March, 2021

TCG-backed Haldia Petrochemicals gets third time lucky with Nagarjuna Oil Corp

Two years after the lenders of Nagarjuna Oil Corporation rejected Haldia Petrochemicals’ resolution plan, a bankruptcy court has cleared the ......

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Infra solutions provider, once backed by Sequoia, ordered for liquidation

Infrastructure

18 March, 2021

Infra solutions provider, once backed by Sequoia, ordered for liquidation

An infrastructure solutions provider, once funded by Sequoia and ChrysCapital, has been ordered for liquidation by the bankruptcy tribunal. “Considering the ......

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Essar group sees second firm fall into bankruptcy

Infrastructure

12 March, 2021

Essar group sees second firm fall into bankruptcy

A second Essar group firm has been admitted to insolvency by the National Company Law Tribunal (NCLT) over a default ......

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Elevation Capital-backed beverage firm runs out of juice, enters bankruptcy

Consumer

09 March, 2021

Elevation Capital-backed beverage firm runs out of juice, enters bankruptcy

A Finnish packaging materials maker has pushed a Vadodara-based fruit juice maker into bankruptcy. Huhtamaki Oyj has dragged Manpasand Beverages Ltd ......

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Lenders clear JSW Steel bid for bankrupt Bhushan Power

Infrastructure

05 March, 2021

Lenders clear JSW Steel bid for bankrupt Bhushan Power

After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s ......

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Kotak Investment Advisors set to seal first deal under bankruptcy law

Infrastructure

26 February, 2021

Kotak Investment Advisors set to seal first deal under bankruptcy law

The alternatives arm of billionaire Uday Kotak-owned Kotak Mahindra Bank is set to acquire its first asset under the Insolvency ......

Noida developer Three C Homes to be liquidated after NCLT rejects resolution plan

Infrastructure

12 February, 2021

Noida developer Three C Homes to be liquidated after NCLT rejects resolution plan

Three C Homes (3C) Private Limited, the Delhi NCR based real estate developer once sought after by multiple private equity ......

A unit of The Pioneer's publisher enters bankruptcy

Consumer

27 January, 2021

A unit of The Pioneer's publisher enters bankruptcy

A firm of The Pioneer group, which is owned by journalist Chandan Mitra and publishes The Pioneer newspaper, has entered ......

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Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

Healthcare

25 January, 2021

Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

Lenders of a bankrupt bulk drugs and chemicals maker backed by a Piramal Group promoted private equity fund are staring ......

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How a KKR-backed firm slipped into bankruptcy and liquidation

Consumer

18 January, 2021

How a KKR-backed firm slipped into bankruptcy and liquidation

A leading dairy products maker is headed for liquidation on the orders of the bankruptcy tribunal after the sole bidder ......