National Company Law Tribunal
Manufacturing
Debt-laden Garden Silk may draw interest from asset reconstruction firm
Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......
Manufacturing
NCLT approves ArcelorMittal's takeover bid for Essar Steel
India’s bankruptcy court on Friday approved global steel giant ArcelorMittal SA’s bid for debt-ridden Essar Steel, potentially ending months of ......
Healthcare
Orchid Pharma set for fresh bidding after lngen Capital fails to inject funds
The insolvency resolution professional of debt-laden Orchid Pharma Ltd has again invited expressions of interest from potential investors, setting the ......
TMT
Exclusive: ARC emerges as front runner to take over debt-ridden Aircel
An asset reconstruction company is on track to take over debt-laden telecom firm Aircel, a person familiar with the development ......
Consumer
Brookfield's plan for big-ticket Indian hospitality deal hits rough weather
Canadian investment firm Brookfield Asset Management Inc.'s attempt to seal a big-ticket deal in India’s hospitality sector has hit a ......
Finance
Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi
India’s new bankruptcy law has been considered a game-changer meant to address non-performing assets, but it has also suffered from ......
Manufacturing
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 ......
Consumer
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 ......
Manufacturing
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, ......
General
Albéa, Blackstone eye Essel Propack; Baring PE Asia may take control of NIIT Tech
French packaging company Albéa and private equity giant Blackstone Group are in advanced talks to acquire a controlling stake in ......
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