This follows CFM offering ₹78 crore to take over Carnival's ₹1,290 crore debt from rival JC Flowers ARC, which did not get any challenging ...

JC Flowers Asset Reconstruction Company received bids for two bad loan blocks totaling ₹3,900 crore. CFM ARC bid ₹78 crore for Carnival Cin...

Reliance Power Ltd, controlled by Anil Ambani, has exited the 600 MW Vidarbha Industries Power Ltd (VIPL) after pledging all its shares to ...

The Harbour Heights project, a joint venture between Radius Group and Sumer BuildCorp, has a total debt exposure of around ₹580 crore. CFM ...

Piramal plans to conduct a Swiss Challenge on the initial offer and will make an announcement soon. Previously, HDFC had sold a real estate...

This decision comes as SBI had categorised the loan as a non-performing asset (NPA) in 2020 when a central bank circular prohibited banks f...

Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CF...

"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said...

A division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing schedu...

Vidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered t...

In the last few weeks, CFM ARC and the promoter have been outbidding each other in making unsolicited offers to the lenders for the distres...

Reliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC i...

Piramal Enterprises (PEL) and its subsidiary Piramal Capital & Housing Finance (PCHFL) have jointly invited bids for their real estate port...

However, the offer from Mumbai-based CFM ARC, an asset reconstruction company, is conditional. It offered upfront payment to the consortium...

The all-cash sale indicates a recovery of 73 paise on a rupee of the principal amount outstanding for SBI. The bank had informed interested...

JBF has been marked as a non performing asset (NPA) for many years now and a bid for the company has come amid a surge in commodity prices ...

The Mumbai NCLT bench headed by Bhaskara Pantula Mohan and V Nallasenapathy said CFM ARC CEO S V Shah can deposit the balance EMD of Rs 3 c...