liquidation
Manufacturing
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 ......
Consumer
Times Group-backed innerwear maker heads for liquidation
A Mumbai-based innerwear firm backed by Times Group, which publishes The Times of India newspaper and owns news channels and ......
Finance
New insolvency cases touch over 3-year low in pandemic-hit June quarter
New insolvency cases dropped during pandemic-stricken April-June to the lowest in 13 quarters, showed the latest data by the Insolvency ......
Consumer
Omkara ARC seals another stressed assets deal
Omkara Assets Reconstruction Pvt. Ltd has closed a debt deal down south in another stressed assets transaction signed in the ......
Manufacturing
US hedge fund gets court approval to buy bankrupt Amtek Auto
US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd ......
Finance
As companies hit the rocks and sink, lenders scour the wreck and get zilch
The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......
Manufacturing
Madhusudan dairy group unit snaps up steel plant from bankrupt firm
A company that’s part of the group best known for its Madhusudan brand of dairy products has acquired a steel ......
Finance
Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm
Fugitive diamantaire Nirav Modi's firm Firestar Diamond International Pvt. Ltd is set to be liquidated after the Mumbai bench of ......
Infrastructure
IVRCL gets bid for sale of company as going concern under liquidation
Hyderabad-based construction firm IVRCL Ltd is set to become the first company under liquidation to be sold as a going ......
Finance
These three sectors account for nearly three-fourths of bankruptcy cases
Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......