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Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

Consumer

21 January, 2022

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (EoIs) for debt-ridden Videocon Industries ......

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

Consumer

05 January, 2022

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on Videocon Industries Ltd, allowing ......

Tribunal doubts confidentiality maintained in Videocon bankruptcy process, requests IBBI probe

Consumer

16 June, 2021

Tribunal doubts confidentiality maintained in Videocon bankruptcy process, requests IBBI probe

A Mumbai bench of insolvency tribunal has expressed surprise over the similarity between the bid value offered by Twin Star ......

NCLT approves Vedanta arm's bid to acquire bankrupt Videocon Industries

Consumer

09 June, 2021

NCLT approves Vedanta arm's bid to acquire bankrupt Videocon Industries

In an over 95% haircut to bankers, the Mumbai bench of insolvency tribunal has cleared Vedanta Group arm’s resolution plan ......

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Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

Finance

23 December, 2020

Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

The distressed assets market was still going through teething problems from the four-year bankruptcy law when the Covid-19 pandemic struck ......

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Manufacturing

17 December, 2020

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent consumer appliances maker ......