MSP Metallics' owed more than Rs 1,500 crore to its financial lenders. SBI holds 37.2% voting rights in the committee of creditors, while l...

“With our newly forged partnership with Amalgam Steel, we believe Crest will soon achieve a successful turnaround and is well set on its pl...

Wardha District Collector Vivek Bhimanwar told the injured workers were admitted to two nearby hospitals, while those in critical condition...

On May 6th of 2020, a monitoring agency was formed, in which successful resolution applicants Nithia and CarVal along with two members from...

Some global heavyweights like Apollo Global Management Inc. and Oaktree Capital Group have either struck recent India deals or scaled up th...

“We are making full efforts to close the transaction by the end of this month. Once we close the transaction, our new team will go in,” Jai...

There are some silver linings, though. This time the debt build-up is being managed right as it unfolds.

Recently, Bank of Baroda put its exposure of Rs 150 crore to the asset on the block as its insolvency resolution keeps getting delayed.

Banks voted for CarVal’s Rs 2.5k crore offer but rejected SSG Cap-led consortium’s Rs 3.3k crore bid.