stressed assets

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Infrastructure

22 June, 2021

Consortium led by Delhi realty investor set to acquire Prius Group's bankrupt arm

A consortium led by a Delhi-based real estate investment firm is set to acquire a subsidiary of stressed real estate ......

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Finance

16 June, 2021

Ares SSG-backed ARC set to lose bid for stressed home finance firm

An Ares SSG-backed asset reconstruction company (ARC) is set to lose a potential bid to acquire assets of large debt-laden ......

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Finance

15 June, 2021

Lone Star Funds India head set to join global investment bank

The top India executive of US private equity and distressed assets investor Lone Star Funds is set to join a ......

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Finance

14 June, 2021

Piramal to get funding from StanChart, Barclays Bank for DHFL buyout

Piramal Group is set to receive Rs 13,500 crore ($1.8 billion) in loans from two foreign lenders Barclays Bank and ......

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Finance

09 June, 2021

Lenders eye large accounts this year to arrest declining trend in recoveries

Recoveries made by financial creditors through the Insolvency and the Bankruptcy Code declined to a fourth in FY21 as compared ......

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Finance

08 June, 2021

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 ......

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Manufacturing

01 June, 2021

Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based firm which owns a manufacturing unit ......

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TMT

31 May, 2021

Mumbai IT firm pushed into bankruptcy again, this time by disgruntled ex-employee

A Mumbai-based information technology firm, which has flitted in and out of bankruptcy a couple of times in the past, ......

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Finance

27 May, 2021

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 ......

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Finance

26 May, 2021

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 ......