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METENERE
IDRCL settles two insolvency cases, first since inceptionIndia Debt Resolution Co Ltd (IDRCL), the managing arm of the government-backed bad bank, has successfully resolved two accounts, distribut...- Bad bank does two years' worth of business in one week, buys over Rs 24,000 cr of debt just before FY24 endsNARCL completed transactions of ₹24,000 crore in bank debt during FY24. It transferred road assets, including Metenere and Simplex Infrastr...
- NARCL emerges winning bidder for Rs 17,000 cr debtThe National Asset Reconstruction Company of India (NARCL) has been the winning bidder for six distressed accounts with outstanding debt of...
- NARCL offers to buy debt of three more bankrupt companiesBased on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, ...
- IDBI Bank loan sale: Rs 280-crore MSME loans on the blockBefore IDBI Bank, other banks like Indian Overseas Bank (IOB) and RBL Bank have sold their MSME loans in the last quarter. IDBI's offer has...
- Top ARCs vie for three road projects, metals company metenereSeveral asset reconstruction companies including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC are participating in...
- NARCL places Rs 260 crore bid for Metenere's Rs 3,040 crore debtLenders will now hold a Swiss challenge auction on March 6, and have invited counter offers with a markup of Rs 15 crore over the anchor of...
- Arcil among investors eyeing IDBI bad loansAround twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alc...
- NCLAT upholds order passed by NCLT on appointment of RP for Metenere Ltd.The National Company Law Appellate Tribunal (NCLAT) upheld an order passed by Delhi-NCLT over appointment of a former State Bank of India (...
- National Green Tribunal orders joint inspection into polluting units in G NoidaThe NGT has directed CPCB and Uttar Pradesh Pollution Control Board (UPPCB) to conduct joint inspection of polluting industries in Greater ...
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