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JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat

Manufacturing

19 October, 2020

JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat

Billionaire Sajjan Jindal-owned JSW Steel Ltd has received court approval to acquire bankrupt steel company Asian Colour Coated Ispat after ......

Jet Airways lenders approve bid by Kalrock Capital consortium

Infrastructure

17 October, 2020

Jet Airways lenders approve bid by Kalrock Capital consortium

Lenders to Jet Airways (India) Ltd approved on Saturday a resolution plan to revive the airline that was grounded one-and-a-half ......

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Times Group-backed innerwear maker heads for liquidation

Consumer

12 October, 2020

Times Group-backed innerwear maker heads for liquidation

A Mumbai-based innerwear firm backed by Times Group, which publishes The Times of India newspaper and owns news channels and ......

ArcelorMittal likely to bid for Uttam Galva Steels under IBC

Manufacturing

06 October, 2020

ArcelorMittal likely to bid for Uttam Galva Steels under IBC

Billionaire Lakshmi Mittal-owned ArcelorMittal has shown interest in acquiring Uttam Galva Steels under the Insolvency and Bankruptcy Code (IBC), a ......

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JM Financial ARC's wait to recover money from bankrupt textile firm gets longer

Manufacturing

24 September, 2020

JM Financial ARC's wait to recover money from bankrupt textile firm gets longer

JM Financial Asset Reconstruction Company Ltd will have to wait a little longer to recover its money from a bankrupt ......

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New insolvency cases touch over 3-year low in pandemic-hit June quarter

Finance

17 September, 2020

New insolvency cases touch over 3-year low in pandemic-hit June quarter

New insolvency cases dropped during pandemic-stricken April-June to the lowest in 13 quarters, showed the latest data by the Insolvency ......

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IL&FS PE-backed floriculture firm heads for liquidation

General

15 September, 2020

IL&FS PE-backed floriculture firm heads for liquidation

A bankrupt floriculture company that counts IL&FS Private Equity as an investor and was India’s largest producer of cut roses ......

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 ......

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Kotak Special Situations Fund's CEO on impact of pandemic, RBI debt recast on deals

Finance

08 September, 2020

Kotak Special Situations Fund's CEO on impact of pandemic, RBI debt recast on deals

Kotak Investment Advisors Ltd, the alternative assets arm of banker Uday Kotak-led financial services group, raised $1 billion (around Rs ......

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Purnendu Chatterjee's TCG looks to acquire bankrupt textile company

Manufacturing

03 September, 2020

Purnendu Chatterjee's TCG looks to acquire bankrupt textile company

A chemicals manufacturer that’s part of the Purnendu Chatterjee-led The Chatterjee Group (TCG) has made an offer to acquire a ......