stressed assets
Finance
RBI committee suggests ARCs be allowed as resolution applicants with AIFs
Asset Reconstruction Companies (ARCs) will now be allowed to participate as resolution applicants in the bankruptcy and insolvency process, a ......
Manufacturing
Former Sequoia Capital-backed glassmaker enters bankruptcy
Formerly backed by Sequoia Capital, glassmaker Hindusthan National Glass & Industries Limited (HNG) has entered bankruptcy on a plea by ......
Consumer
Ares SSG's ARC arm, Edelweiss, others bid for bankrupt Sintex Industries
Ares SSG Capital-backed Assets Care & Reconstruction Enterprise Ltd (ACRE), Varde Capital-backed Aditya Birla Asset Reconstruction Company and Avenue Capital-backed ......
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 ......
Finance
9Unicorns-backed LegalPay bails out hospital firm under IBC with interim finance
9Unicorns-backed tech-based litigation financing start-up LegalPay on Thursday said it is offering interim finance toYashomati Hospitals Pvt Ltd under the ......
Finance
Cerberus, Oaktree, JC Flowers in race to buy stake in Yes Bank's proposed ARC
Three US-based entities including private equity (PE) fund Cerberus Capital Management, New York-based investor JC Flowers & Co. LLC and ......
Finance
After DHFL, central bank set to drag Srei group's two financial arms to bankruptcy
After Dewan Housing Finance Corporation Ltd (DHFL), the Indian banking regulator is set to push two other non-bank lenders - ......
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
Piramal aims to reduce the wholesale loan book of DHFL after merger
After Piramal Capital and Housing Finance Ltd (PCHFL) merges with Dewan Housing Finance Corporation Ltd, the combined entity will aim ......
Infrastructure
Distressed sectors see renewed investor interest on govt support, easing of lockdowns
Distressed sectors including roads, hospitality and aviation are seeing renewed interest from investors on the back of government support for ......
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