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Another VC-backed company faces bankruptcy

Consumer

21 January, 2020

Another VC-backed company faces bankruptcy

Venture capital-backed companies rarely get entangled in the crosshairs of bankruptcy courts. As startups generally don’t take on bank loans, ......

Goldman Sachs joins Varde Partners to take over RattanIndia Power's debt

Infrastructure

31 December, 2019

Goldman Sachs joins Varde Partners to take over RattanIndia Power's debt

Global investment bank Goldman Sachs has teamed up with alternative investment firm Värde Partners to take over RattanIndia Power Ltd’s ......

Jet Airways lenders call for fresh bids to find buyers

Infrastructure

24 December, 2019

Jet Airways lenders call for fresh bids to find buyers

Jet Airways (India) Ltd will go through a fresh round of bidding as its lenders have decided to make another ......

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Flashback 2019: Stressed assets remain in focus on rising bankruptcies, new challenges

Finance

24 December, 2019

Flashback 2019: Stressed assets remain in focus on rising bankruptcies, new challenges

When everything else fails, pray. At least that’s what State Bank of India chairman Rajnish Kumar seems to believe. “Every morning ......

Jaypee Infratech creditors approve NBCC's revised takeover offer

Infrastructure

17 December, 2019

Jaypee Infratech creditors approve NBCC's revised takeover offer

State-run NBCC (India) Ltd said on Tuesday its revised takeover offer for township developer Jaypee Infratech Ltd has been approved ......

Cabinet clears changes in bankruptcy law to protect new owners

Finance

11 December, 2019

Cabinet clears changes in bankruptcy law to protect new owners

The Union Cabinet approved on Wednesday a number of changes in the Insolvency and Bankruptcy Code to protect new owners ......

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Haldiram's big-ticket move to enter dairy business hits a hurdle

Consumer

08 November, 2019

Haldiram's big-ticket move to enter dairy business hits a hurdle

Haldiram Snacks Pvt. Ltd’s plan to acquire a dairy company has run into a roadblock after the insolvent firm’s lenders ......

Insolvency court admits case against Flipkart but high court orders stay

TMT

06 November, 2019

Insolvency court admits case against Flipkart but high court orders stay

A tribunal in Bengaluru has ordered to start insolvency proceedings against Flipkart India Pvt. Ltd for a payments default, but ......

NCLT allows insolvency plea against Typhoo tea maker Apeejay Tea

Consumer

23 October, 2019

NCLT allows insolvency plea against Typhoo tea maker Apeejay Tea

The National Company Law Tribunal (NCLT) has ordered to start insolvency proceedings against Apeejay Tea Ltd, one of India’s largest ......

Grapevine: JSW, others circle Jhabua; LGT-Aspada platform may invest in AMP Energy

General

18 October, 2019

Grapevine: JSW, others circle Jhabua; LGT-Aspada platform may invest in AMP Energy

Avantha Group’s Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, Adani Power, NTPC Ltd ......