National Company Law Tribunal
Consumer
Brookfield inks pact to acquire Leela hotels for $576 mn
Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire...
Finance
Tribunal questions lenders' acceptance of settlement offer for Sterling Biotech
The National Company Law Tribunal has raised suspicion on the lenders’ acceptance of a one-time settlement offer from the...
Manufacturing
Debt-laden Garden Silk may draw interest from asset reconstruction firm
Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......
Manufacturing
NCLT approves ArcelorMittal's takeover bid for Essar Steel
The National Company Law Tribunal (NCLT) approved steel giant ArcelorMittal SA's takeover bid for debt-ridden Essar Steel,...
Healthcare
Orchid Pharma set for fresh bidding after lngen Capital fails to inject funds
The insolvency resolution professional of debt-laden Orchid Pharma Ltd has again invited expressions of interest from potential...
TMT
Exclusive: ARC emerges as front runner to take over debt-ridden Aircel
An asset reconstruction company is on track to take over debt-laden telecom firm Aircel, a person familiar with the development...
Consumer
Brookfield's plan for big-ticket Indian hospitality deal hits rough weather
Canadian investment firm Brookfield Asset Management Inc.'s attempt to seal a big-ticket deal in India’s hospitality...
Finance
Buyers eyeing pre-packaged deals for stressed assets: I-banker Mahesh Singhi
India’s new bankruptcy law has been considered a game-changer meant to address non-performing assets, but it has also suffered from ......
Manufacturing
Another PE-backed stressed firm set to change hands under bankruptcy law
JSW Steel Ltd has moved a step closer to acquiring Bhushan Power & Steel Ltd, in another instance of a ......
Consumer
GIC to end up with a lemon as rare sovereign fund bet goes bust in India
Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see ......
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