NCLT
Finance
Will the NCLT order on DHFL deter financial investors from dabbling in IBC assets?
The bankruptcy tribunal’s move last Thursday directing lenders of Dewan Housing Finance Corporation (DHFL) to consider a settlement proposal from ......
Infrastructure
Suraksha holds edge over NBCC in upcoming lenders vote on Jaypee Infratech winner
The long-drawn-out battle for bankrupt real estate developer Jaypee Infratech will likely come to an end next week as the ......
Finance
Lone Star Funds files case against RattanIndia Finance alleging fraud, irregularities
A subsidiary of US-based private equity firm Lone Star Funds has moved the court against RattanIndia Finance Pvt Ltd alleging ......
Manufacturing
Chennai steel maker to buy rival under Insolvency and Bankruptcy Code
A Tamil Nadu-based steel manufacturer is set to acquire bankrupt steelmaker Kamachi Industries beating three other applicants under the Insolvency ......
Infrastructure
Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut
A Mumbai-based asset reconstruction company (ARC) has acquired some debt of a Punjab-based stressed power project owned by the GVK ......
TMT
Arcil, other creditors approve sale of Aditya Birla Group backed stressed IT solutions firm
Creditors, including Asset Reconstruction Company India Ltd (Arcil), have approved the sale of an Aditya Birla Group entity backed stressed ......
Healthcare
Gujarat pharma firm to hit the rocks three years after bankruptcy
A Vadodara-based pharmaceuticals company, which entered insolvency three years ago, will collapse into liquidation as the apex court has refused ......
Finance
DHFL, Jet Airways lead a busy month for stressed asset deals in February
February was marked by movement in two large stressed assets deals -- Dewan Housing Finance Corporation Ltd (DHFL) and Jet ......
Manufacturing
Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount
A fraud-hit, bankrupt readymade garments maker is being acquired by a consortium of buyers from India and the Middle East, ......
Healthcare
Quadria Capital backed pharma firm to acquire distressed bulk drugs maker
A New Delhi based pharmaceutical company backed by private equity firm Quadria Capital will acquire a distressed bulk drugs maker, ......
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