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GERMAN INSOLVENCY CODE
INOXGFL bids Rs 1,800-1900 crore for purchase of Wind World IndiaWind World India was formerly a joint venture between German wind turbine major Enercon and their Indian partners, the Mehra family. The jo...- Borosil Renewables files application to fold up German subsidiary; to focus on Indian solar glass mktBorosil Renewables is winding down its German subsidiary due to challenges from Chinese solar panel dumping and insufficient protective mea...
- RCom loan fraud: The one Reliance company that failedReliance Communications, once a telecom giant, faced a steep decline due to debt and competition. State Bank of India has now flagged RCom'...
- A new charter for the NARCL, IDRCL twins!The purpose of The Twins to take over stressed debt is in doldrums as the banking systems net non-performing assets are at multi-year low o...
- Go First to challenge Delhi High Court order restricting removal of plane partsGo First's resolution professional will challenge a restraining order from the Delhi High Court, which prevents the airline removing parts ...
- Lenders take full control of Go First resolution process, replace key bankruptcy officialsIn the first meeting held Friday, the committee of creditors (CoC) replaced the company-appointed interim resolution professional (IRP), pr...
- History of India's private airlines dotted with high-profile take-off and crash landingThe list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various fa...
- Stocks in news: Divgi TorqTransfer, Reliance Industries, Cipla, Star HealthNBCC has bagged an order from the Puducherry government for the construction of a medical college and hospital at Karaikal. The order value...
- Deutsche Moves to block ArcelorMittal's takeover of Uttam GalvaArcelorMittal's resolution plan, which was submitted by Uttam Galva's resolution professional in June 2021, is pending before the bankruptc...
- DHL drags Future Supply Chain Solutions to NCLT over dues of Rs 7.26 croreDHL E-Commerce (India) Private Limited’sadvocates in their submissions to the NCLT have claimed that the unpaid dues are towards logistics ...
- SGX Nifty up 30 points; here's what changed for market while you were sleepingThe 50-share pack Nifty formed a big red candlestick formation on a daily chart as it erased the gains of the last 11 days. Nifty may be on...
- NCLT orders insolvency process at low-cost carrier Air CostaAir Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bank...
- View: India needn’t worry about the ‘middle-income trap’India doesn’t have a middle-income trap problem. It has a problem of muddled thinking on economic policy.
- Stocks in the news: DHFL, IFCI, ICICI Lombard, SBI Life, NTPC and Bharti AirtelLarsen and Toubro (L&T) has increased its stake to 51% in IT services firm Mindtree.
- Lenders reject Amtek Auto bidsThe bidders have proposed to sell Amtek stake in German company Amtek Tekfor Holding and use the proceeds to settle the loans.
- Mahindra Defence, Shapoorji Pallonji may bid for troubled Bharati DefenceThe two companies are currently evaluating the deal that values the target company at $350 million, said three people with direct knowledge...
- Bharati Defence hits 5% upper circuit limit on reports of potential buyersMahindra Defence and Shapoorji Pallonji Group may independently bid for the troubled company.
- German Dry Docks looks to acquire Bharati DefenceGerman Dry Docks Group has approached the lenders of troubled Bharati Defence and Infrastructure for a possible acquisition.
- Uttam Galva borrows more legal trouble for itself with loan defaultMumbai Bench of the National Company Law Tribunal (NCLT) last week admitted the petition filed by DF Deutsche Forfait under the Insolvency ...
- EU proposes new rating agency oversightThe European Union's executive on Wednesday proposed that a new markets regulator should oversee credit rating agencies across the 27-natio...
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