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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 ......

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Why a large number of firms are collapsing in insolvency tribunals

Finance

08 July, 2019

Why a large number of firms are collapsing in insolvency tribunals

A little more than two months ago, a bankruptcy court ordered the liquidation of ABG Shipyard Ltd—one of India’s biggest ......

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Adani to get another chance for Dighi Port as JNPT withdraws bid

Infrastructure

04 July, 2019

Adani to get another chance for Dighi Port as JNPT withdraws bid

State-owned Jawaharlal Nehru Port Trust (JNPT) has withdrawn its bid to buy debt-laden Dighi Port Ltd after an insolvency court ......

Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel

Manufacturing

01 July, 2019

Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel

Lenders to Asian Colour Coated Ispat Ltd have approved an offer from Sajjan Jindal-led JSW Steel Ltd to acquire the ......

NCLT approves Dhanuka Laboratories bid to take over Orchid Pharma

Healthcare

26 June, 2019

NCLT approves Dhanuka Laboratories bid to take over Orchid Pharma

The National Company Law Tribunal has cleared a resolution plan submitted by Dhanuka Laboratories Ltd to acquire debt-laden drugmaker Orchid ......

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 ......

Moser Baer Solar heads for liquidation after failing to find buyer

Manufacturing

20 June, 2019

Moser Baer Solar heads for liquidation after failing to find buyer

Moser Baer Solar Ltd is heading for liquidation after the debt-laden company failed to get any insolvency resolution plan from ......

Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist

General

15 June, 2019

Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist

On June 14, 2017, the Reserve Bank of India asked banks to take the 12 biggest debt defaulters to bankruptcy ......

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 ......

Govt alleges 22 audit violations by Deloitte, KPMG arm in IL&FS fraud case

Finance

13 June, 2019

Govt alleges 22 audit violations by Deloitte, KPMG arm in IL&FS fraud case

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating ......