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Essar Steel lenders dig in their heels against StanChart, operational creditors

Manufacturing

26 April, 2019

Essar Steel lenders dig in their heels against StanChart, operational creditors

Essar Steel India Ltd’s Committee of Creditors (CoC) is sticking to its stand on how to distribute the capital ArcelorMittal ......

Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order

Infrastructure

26 March, 2019

Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order

A group of investors led by Sharad Sanghi, chief executive officer at Netmagic Solutions, will submit a revised resolution plan ......

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Another PE-backed stressed firm set to change hands under bankruptcy law

Manufacturing

13 February, 2019

Another PE-backed stressed firm set to change hands under bankruptcy law

JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......

Premium
GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Consumer

06 February, 2019

GIC to end up with a lemon as rare sovereign fund bet goes bust in India

Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see ......

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

Manufacturing

05 February, 2019

NCLAT rejects Tata Steel's move to block rival bids for Bhushan Power

An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, ......

JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate

General

24 January, 2019

JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate

JSW Steel and undisclosed foreign investors have agreed to support the Ruia family in its effort to win back control ......

Stressed assets: Revised bids allowed for Bhushan Power, NCLT admits Provogue

General

03 August, 2018

Stressed assets: Revised bids allowed for Bhushan Power, NCLT admits Provogue

As Indian banks grapple with nearly $150 billion in bad loans, the National Company Law Tribunal (NCLT) has admitted about ......

Binani Cement deal: SC won't intervene 'for now' in Dalmia-UltraTech tussle

Infrastructure

10 May, 2018

Binani Cement deal: SC won't intervene 'for now' in Dalmia-UltraTech tussle

The Supreme Court on Thursday set aside a civil appeal by conglomerate Dalmia Bharat Ltd which had sought a stay ......

Can mediation be an alternative mode of dispute resolution?

General

06 March, 2017

Can mediation be an alternative mode of dispute resolution?

Mediation is essentially a process of negotiation in which conflicting parties come together to resolve a dispute with the assistance ......