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Amtek Auto Ltd

Amtek Auto's three-year-long quest to come out of bankruptcy gets longer

Manufacturing

14 September, 2020

Amtek Auto's three-year-long quest to come out of bankruptcy gets longer

Amtek Auto Ltd’s debt resolution process has hit another hurdle as US hedge fund Deccan Value Investors, which received court ......

US hedge fund gets court approval to buy bankrupt Amtek Auto

Manufacturing

11 July, 2020

US hedge fund gets court approval to buy bankrupt Amtek Auto

US-based hedge fund Deccan Value Investors LP has received court approval to buy bankrupt auto component maker Amtek Auto Ltd ......

Amtek creditors accept US hedge fund's offer, to take deep haircut

Manufacturing

13 February, 2020

Amtek creditors accept US hedge fund's offer, to take deep haircut

The creditors of automobile component maker Amtek Auto Ltd have okayed a bankruptcy resolution plan proposing around 80% haircut submitted ......

Back from brink, Amtek faces debt resolution process again as SC orders fresh bids

Manufacturing

25 September, 2019

Back from brink, Amtek faces debt resolution process again as SC orders fresh bids

Two weeks after staying the liquidation of Amtek Auto Ltd, India's top court has allowed lenders of the automobile component ......

Supreme Court stays Amtek Auto's liquidation

Manufacturing

09 September, 2019

Supreme Court stays Amtek Auto's liquidation

The Supreme Court has stayed a tribunal’s order to liquidate Amtek Auto Ltd on a plea moved by lenders of ......

Podcast: KKR hires India ARC chief; Amtek Auto, Jet, Sahara in stressed asset moves

Investor Bulletin

16 August, 2019

Podcast: KKR hires India ARC chief; Amtek Auto, Jet, Sahara in stressed asset moves

A couple of big debt-laden companies suffered setbacks in their quest to find new investors that could help them get ......

Stressed assets: RBI panel focuses on SMEs; Orchid, GMR unit set to change hands

General

28 June, 2019

Stressed assets: RBI panel focuses on SMEs; Orchid, GMR unit set to change hands

For the past two years, the Reserve Bank of India has been focusing mainly on the biggest stressed assets in ......

Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist

General

15 June, 2019

Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist

On June 14, 2017, the Reserve Bank of India asked banks to take the 12 biggest debt defaulters to bankruptcy ......

Amtek Auto restarts bankruptcy resolution process, seeks fresh bids

Manufacturing

13 June, 2019

Amtek Auto restarts bankruptcy resolution process, seeks fresh bids

Auto component manufacturer Amtek Auto Ltd started a fresh bidding process on Thursday, nearly two years after bankruptcy proceedings first ......

Stressed assets: UltraTech revises bid for Binani Cement; Videocon faces insolvency

General

08 June, 2018

Stressed assets: UltraTech revises bid for Binani Cement; Videocon faces insolvency

As Indian banks grapple with stressed assets worth nearly $150 billion, various branches of the National Company Law Tribunal (NCLT) ......