Insolvency and Bankruptcy Code
TMT
Aircel lenders approve UV ARC's bid, to get less than 1% of dues
Delhi-based UV Asset Reconstruction Company Ltd has received approval of the lenders to Aircel Ltd to buy the debt-laden telecom...
TMT
NCLT starts bankruptcy process for Reliance Communications
The National Company Law Tribunal (NCLT) on Thursday admitted Reliance Communications Ltd (RCom) for insolvency and allowed it...
Manufacturing
Essar Steel's Ruia family challenges ArcelorMittal bid yet again
Essar Steel India Ltd’s promoter Ruia family has once again challenged global steel giant ArcelorMittal’s bid for...
Manufacturing
Ruchi Soya lenders approve Patanjali Ayurved's revised takeover offer
Lenders to Ruchi Soya Industries Ltd have approved a revised offer by Patanjali Ayurved Ltd, the consumer goods company backed...
Manufacturing
ABG Shipyard heads to junkyard as NCLT orders liquidation
A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder ......
Finance
Nirmal Gangwal's Brescon takes second shot at stressed assets biz
Debt restructuring and turnaround advisory firm Brescon Corporate Advisors is gearing up to raise its first special situations...
Infrastructure
Why bankruptcy court looks set to be Jet Airways' next destination
Arvind Gupta is one of Jet Airways’ 1.4 lakh shareholders. He says he wrote the obituary for India’s oldest private...
General
Stressed assets this week: Spotlight turns on Jet Airways, Gitanjali Gems
Since the Insolvency and Bankruptcy Code (IBC) was passed in 2016, a little over Rs 1.42 lakh crore of claims ......
Manufacturing
Ballarpur Industries unit dragged to bankruptcy court for second time
Kotak Mahindra Bank has dragged BILT Graphic Paper Products Ltd to the bankruptcy court after the unit of Avantha group-promoted...
Finance
Govt may direct state-run banks on bad debt after court's rejection of RBI rules
The government could issue directions to state-run banks to resolve corporate default cases and ensure there is no tampering with...
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