NCLT
Consumer
Future Group's lenders reject Reliance offer over valuation
A clutch of lenders accounting for most of the loans to debt-laden Future Group on Thursday rejected a proposal to ......
Finance
SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale
State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......
TMT
Mumbai-based mobile wallet firm becomes second fintech to go insolvent
At a time when the fintech sector is flush with funds, and firms like Paytm, PhonePe and Mobikwik are in ......
Manufacturing
PE-backed personal care and speciality chemical maker enters bankruptcy
Fairwinds Private Equity-backed personal care products and speciality chemicals manufacturer has entered bankruptcy as a National Company Law Tribunal (NCLT) ......
Finance
Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug
Three large deals stole the news, with one Jayaswal Neco Industries witnessing closure while two big resolution plans – Jet ......
Manufacturing
Lenders take steep haircut on another steel asset under liquidation process
Lenders have taken a massive haircut on the sale of a Kolkata-based stressed iron and steel firm whose majority debt ......
Finance
NCLTs lash out at insolvency resolution professionals over steep haircuts
“Get better resolutions…reduce haircuts…will not approve the plans with low value offerings...” These are some of the latest pronouncements heard at ......
Finance
Awaited judgment on DHFL promoter will put bankruptcy law to test once again
The top court’s verdict on the first financial services company facing bankruptcy, which is expected soon, will once again put ......
Finance
Aditya Birla ARC buys distressed debt of a coal-fired power plant in Chhattisgarh
Aditya Birla Asset Reconstruction Company (ARC) has snapped up debt worth Rs 2,500 crore (about $344 million) of a firm ......
Finance
JM Financial Asset Reconstruction Company to exit another hotel asset
JM Financial Asset Reconstruction Company (ARC) is set to exit another hotel asset as the bankruptcy tribunal has okayed an ......
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