stressed assets
Infrastructure
Lenders clear JSW Steel bid for bankrupt Bhushan Power
After over three years of bankruptcy, Bhushan Power and Steel now stands closer to resolution with lenders okaying JSW Steel’s ......
TMT
Arcil, other creditors approve sale of Aditya Birla Group backed stressed IT solutions firm
Creditors, including Asset Reconstruction Company India Ltd (Arcil), have approved the sale of an Aditya Birla Group entity backed stressed ......
Healthcare
Gujarat pharma firm to hit the rocks three years after bankruptcy
A Vadodara-based pharmaceuticals company, which entered insolvency three years ago, will collapse into liquidation as the apex court has refused ......
Finance
DHFL, Jet Airways lead a busy month for stressed asset deals in February
February was marked by movement in two large stressed assets deals -- Dewan Housing Finance Corporation Ltd (DHFL) and Jet ......
Infrastructure
Kotak Investment Advisors set to seal first deal under bankruptcy law
The alternatives arm of billionaire Uday Kotak-owned Kotak Mahindra Bank is set to acquire its first asset under the Insolvency ......
Finance
Big bad bank won't crowd out little guys: Experts
The bad bank or the government asset reconstruction company proposed earlier this month won’t crowd out private-sector ARCs in India, ......
TMT
Private equity consortium takes scissors to agritech firm's debt
An asset reconstruction company (ARC), backed by Kotak Mahindra Group, has managed to sell a stressed agri biotech firm to a ......
Finance
We have seen normalcy return since December: Aswini Sahoo, Arcil
After a pause on bad loan purchases and recoveries during the pandemic, India’s oldest asset reconstruction company Arcil hopes to ......
Finance
Mumbai ARC, Singapore trader to acquire distressed steel maker
A Mumbai-based asset reconstruction company (ARC) and a Singaporean commodity trader are all set to give a close-cropped haircut to ......
Manufacturing
Bankrupt firm, once backed by Citi fund, finds suitors in Ravi Jhunjhunwala, others
A bankrupt textile firm, previously backed by Citigroup fund, has found suitors including a group firm owned by Ravi Jhunjhunwala. CLC ......
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