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NCLT initiates bankruptcy proceedings against financial unit of fraud-hit Cox & Kings

Finance

11 May, 2021

NCLT initiates bankruptcy proceedings against financial unit of fraud-hit Cox & Kings

The National Company Law Tribunal (NCLT) has admitted the financial unit of debt-laden travel firm Cox & Kings to insolvency ......

Nalanda-backed Ahluwalia Contracts settles up with creditor, to exit bankruptcy

Infrastructure

10 May, 2021

Nalanda-backed Ahluwalia Contracts settles up with creditor, to exit bankruptcy

Ahluwalia Contracts (India) Ltd is all set to exit bankruptcy as the Delhi-based construction firm has settled up with an ......

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Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

Manufacturing

07 May, 2021

Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant

A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......

Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging

Manufacturing

06 May, 2021

Bharat Forge buys group company to undertake acquisition of bankrupt Sanghvi Forging

Auto components major Bharat Forge Ltd has fully acquired a group company which will buy stressed Sanghvi Forging & Engineering ......

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Kotak Special Situations Fund approaching halfway point in deployment

Infrastructure

06 May, 2021

Kotak Special Situations Fund approaching halfway point in deployment

The alternative investment arm of Kotak Investment Advisors Ltd will soon have deployed half its $1 billion fund as it ......

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KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea

Manufacturing

04 May, 2021

KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea

A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company ......

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Oaktree Capital raises money for global credit feeder fund

Finance

26 April, 2021

Oaktree Capital raises money for global credit feeder fund

Global alternative investment firm Oaktree Capital has scooped up capital for its latest credit fund from 16 investors or limited ......

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After five years, why are bankruptcy resolutions still a fraction of filings?

Finance

22 April, 2021

After five years, why are bankruptcy resolutions still a fraction of filings?

Less than eight per cent of the bankruptcy filings have been resolved with over three times as many cases ending ......

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NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy

Finance

21 April, 2021

NCLT rejects Edelweiss ARC's plea for Mumbai-based water park's bankruptcy

The National Company Law Tribunal (NCLT) has rejected a bankruptcy plea filed by the Edelweiss Assets Reconstruction Company Ltd (ARC) ......

Central bank sets up committee to review ARCs' role

Finance

20 April, 2021

Central bank sets up committee to review ARCs' role

The central bank has set up a six-member committee to review the working and business models of asset reconstruction companies ......