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Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

General

10 May, 2019

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

Large insolvency cases saw several twists and turns over the past week as lenders struggled to find investors for resolution ......

NCLT starts bankruptcy process for Reliance Communications

TMT

09 May, 2019

NCLT starts bankruptcy process for Reliance Communications

The National Company Law Tribunal (NCLT) on Thursday admitted Reliance Communications Ltd (RCom) for insolvency and allowed it to exclude ......

SSG Capital challenges CarVal-Arcil offer to buy Uttam Galva units

Manufacturing

09 May, 2019

SSG Capital challenges CarVal-Arcil offer to buy Uttam Galva units

Hong Kong-based SSG Capital has moved the National Company Law Tribunal (NCLT) against the lenders’ acceptance of Rs 2,500 crore ......

Singapore's DBS Bank wants more out of Patanjali's offer for Ruchi Soya

Consumer

08 May, 2019

Singapore's DBS Bank wants more out of Patanjali's offer for Ruchi Soya

Singaporean lender DBS Bank has contested the bankruptcy-resolution plan of Rs 4,350 crore offered by Patanjali Ayurved to buy debt-laden ......

JSW Steel ups bankruptcy-resolution offer for steel products maker Asian Colour

Manufacturing

08 May, 2019

JSW Steel ups bankruptcy-resolution offer for steel products maker Asian Colour

JSW Steel, which had emerged as the lone bidder for Asian Colour Coated Ispat Ltd, has increased its bankruptcy-resolution offer ......

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Manufacturing

07 May, 2019

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Essar Steel India Ltd’s promoter Ruia family has once again challenged global steel giant ArcelorMittal’s bid for the bankrupt local ......

India govt sees little scope for Jet Airways revival

Infrastructure

06 May, 2019

India govt sees little scope for Jet Airways revival

India’s government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, two senior finance ministry officials said, ......

Jaypee Infratech creditors reject Suraksha Realty's offer

Infrastructure

04 May, 2019

Jaypee Infratech creditors reject Suraksha Realty's offer

Creditors to debt-laden Jaypee Infratech Ltd have rejected a bid by a Suraksha Realty-led consortium, giving state-run NBCC (India) Ltd ......

NBCC gets govt backing for revised offer to take over Jaypee Infratech

Infrastructure

01 May, 2019

NBCC gets govt backing for revised offer to take over Jaypee Infratech

State-owned NBCC (India) Ltd said on Wednesday it has received the government's approval for its revised offer to take over ......

Ruchi Soya lenders approve Patanjali Ayurved's revised takeover offer

Manufacturing

01 May, 2019

Ruchi Soya lenders approve Patanjali Ayurved's revised takeover offer

Lenders to Ruchi Soya Industries Ltd have approved a revised offer by Patanjali Ayurved Ltd, the consumer goods company backed ......