stressed assets

TMT

10 June, 2020

Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks

The National Company Law Tribunal (NCLT) has approved the insolvency resolution plan of UV Asset Reconstruction Company Ltd to acquire ......

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TMT

09 June, 2020

TV and movie production house broadcasts SOS to resolve its debt under bankruptcy law

A Mumbai-based media production house has invited bids to resolve its debt worth Rs 525 crore (about $70 million at ......

Finance

08 June, 2020

In Charts: How Asian companies are at higher risk of default this year

Asian companies are at a higher risk of default in the coming quarters than last year, a Reuters analysis of ......

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Finance

04 June, 2020

JM Financial arm marks first close of debut stressed assets fund

The credit alternatives arm of the JM Financial Group has marked the first close of its debut distressed assets fund. JM ......

Finance

04 June, 2020

Lenders seek RBI nod to recast over $40 bn potential NPAs

Lenders have sought permission from the Reserve Bank of India (RBI) to restructure loans worth Rs 3 trillion ($40 billion) ......

Finance

03 June, 2020

Coronavirus, IBC suspension to drag down realisations for creditors: ICRA

The coronavirus pandemic and the suspension of new proceedings under the Insolvency and Bankruptcy Code (IBC) will likely drag down ......

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Finance

02 June, 2020

How insolvencies climbed across sectors before India locked down to fight virus

The manufacturing and real estate sectors accounted for three-fifths of new insolvencies in the three months through March even before ......

Infrastructure

29 May, 2020

Jet Airways racks up long queue of suitors; 3 even come back to propose

Bankrupt Jet Airways (India) Ltd has received expressions of interest from at least eight entities including two financial services firms ......

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Finance

27 May, 2020

As companies hit the rocks and sink, lenders scour the wreck and get zilch

The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......

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Finance

22 May, 2020

Recovery under bankruptcy law shows big jump but Jaypee Infratech skews the picture

The amount recovered under the Insolvency and Bankruptcy Code (IBC) jumped 13 times sequentially in the January-March quarter and rose ......