stressed assets

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General

19 May, 2020

Why one-year suspension of bankruptcy law has put bankers, investors in tough spot

Creditors, investors and even companies involved in distressed asset resolution will suffer a major setback as the government has decided ......

Finance

17 May, 2020

Govt to privatise state-run firms, halt fresh insolvencies amid pandemic

India said on Sunday it would privatise state-run companies in non-strategic sectors and stop fresh insolvency cases for a year, ......

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Finance

15 May, 2020

Why calls for pre-packaged IBC deals, easing ban on promoters are getting louder

A pre-packaged deal mechanism for stressed assets and lifting a ban on promoters from bidding for the companies they once ......

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Manufacturing

14 May, 2020

Sequoia-backed glass maker's quest to rope in new investors hits a wall

Hindusthan National Glass & Industries Ltd’s plan to get new investors on board has hit a hurdle after a distressed ......

General

13 May, 2020

Jet Airways lenders make fourth attempt to sell grounded carrier

Lenders to Jet Airways (India) Ltd have decided to invite fresh bids from potential investors in their fourth attempt to ......

Finance

11 May, 2020

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs ......

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Finance

07 May, 2020

Stressed assets in bankruptcy tribunal face flurry of renegotiations amid corona scare

Coronavirus has set off a flurry of renegotiations for distressed assets falling under the Insolvency and Bankruptcy Code (IBC) besides ......

Manufacturing

04 May, 2020

NCLT approves CarVal's bid for Uttam Value Steels

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by a consortium of CarVal Investors and UK-based ......

Finance

04 May, 2020

Indian banks' bad debt could double in coronavirus crisis

India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, ......

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Finance

24 April, 2020

Prudent ARC to roll out debut fund as coronavirus promises to serve up stressed assets

New Delhi-based Prudent ARC Ltd is in talks with investors to roll out its debut fund, a top executive told ......