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Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Manufacturing

16 August, 2021

Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Given a competitive pricing advantage and strong steel demand, several mid-sized and smaller distressed steel assets could be snapped up ......

UK's Liberty House acquires second firm under insolvency law

Manufacturing

17 December, 2020

UK's Liberty House acquires second firm under insolvency law

UK-based Liberty House Group has completed its second acquisition under the bankruptcy process with the purchase of an Andhra Pradesh-based ......

Amtek Auto's three-year-long quest to come out of bankruptcy gets longer

Manufacturing

14 September, 2020

Amtek Auto's three-year-long quest to come out of bankruptcy gets longer

Amtek Auto Ltd’s debt resolution process has hit another hurdle as US hedge fund Deccan Value Investors, which received court ......

Hindalco unit Novelis set to complete Aleris acquisition

Manufacturing

09 April, 2020

Hindalco unit Novelis set to complete Aleris acquisition

Novelis Inc., a US-based subsidiary of Hindalco Industries Ltd, said it has received the final clearance needed to complete its ......

Liberty House's Sanjeev Gupta to merge steel operations ahead of possible IPO

Manufacturing

29 October, 2019

Liberty House's Sanjeev Gupta to merge steel operations ahead of possible IPO

British commodities tycoon Sanjeev Gupta will merge his family's steel operations by the end of the year into a new ......

Supreme Court stays Amtek Auto's liquidation

Manufacturing

09 September, 2019

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 ......

Adhunik Metaliks goes into liquidation as Liberty House fails to pay up

Manufacturing

09 July, 2019

Adhunik Metaliks goes into liquidation as Liberty House fails to pay up

The National Company Law Tribunal (NCLT) has ordered the liquidation of Adhunik Metaliks Ltd and unit Zion Steel after the ......

Stressed assets: NCLT gets more judges; Jet Airways finally lands into bankruptcy court

General

21 June, 2019

Stressed assets: NCLT gets more judges; Jet Airways finally lands into bankruptcy court

In a development that will help ease the burden of bankruptcy courts and expedite the resolution of distressed assets, the ......

Amtek Auto restarts bankruptcy resolution process, seeks fresh bids

Manufacturing

13 June, 2019

Amtek Auto restarts bankruptcy resolution process, seeks fresh bids

Auto component manufacturer Amtek Auto Ltd started a fresh bidding process on Thursday, nearly two years after bankruptcy proceedings first ......

ABG Shipyard heads to junkyard as NCLT orders liquidation

Manufacturing

01 May, 2019

ABG Shipyard heads to junkyard as NCLT orders liquidation

A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder ......