Kalyani Steel, Maharashtra Seamless and Shyam Sel & Power have shown interest in the company that owes Rs 5,371 crore to banks.

Monitoring committee will petition NCLT to seek more time to look for new takers, among other options.

Liberty House had won the assets in July and was expected to pay lenders Rs 4,810 crore by October.

A source in the banking circle said the committee of creditors (CoC) in its meeting held last week has approved the plan of Bhagwati Power ...

The RP for the debt-laden company is likely to tell the NCLT during a hearing on Tuesday to deduct up to 25 days from the deadline

The others are Zion Steel, Adhunik Metalliks and Adhunik Alloy & Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining uni...

In a letter to the UK-based company, they sought to know the current status of the Rs 18-crore loan and why it didn’t mention it in the bid...

Srei Infrastructure had bid with three other applicants for Adhunik Alloy, one of the four companies of Adhunik group facing bankruptcy pro...

The extension comes at a time when the group companies have collectively received about 20 expressions of interest. However, the companies ...

Adhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals had failed to hammer out a debt resolution plan within the initial deadline...

Binding bids for the resolution plans must be submitted in the next two weeks.

Sale of distressed assets to fetch lenders cash upfront for the first time.

Edelweiss Asset Reconstruction Company has assured that banks led by State Bank of India will not have to take a haircut as they go about r...

Earlier this month, OPG Power Ventures had proposed to acquire majority stake in Adhunik Power under the strategic debt restructuring (SDR)...

The power unit may be sold to the bidders if the price quoted is acceptable to the banks, said the person who did not want to be identified.

Earlier this week, the company had said that its debt restructuring would extend to Orissa Manganese & Minerals Ltd with which it is to be ...

Adhunik Power & Natural Resources Ltd commissioned the first 270MW unit of its 2 x270 MW coal fired thermal power plant in Jharkhand on Tue...