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OMKARA ASSET RECONSTRUCTION
Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...- CFM ARC wins bid for PNB's Gammon debt at 73% haircutCFM Asset Reconstruction Company has acquired Punjab National Bank's ₹514 crore loan to Gammon India for ₹140 crore. This acquisition gives...
- AI fraud in court? Supreme Court detects hundreds of fabricated judgements in high-profile corporate battleSupreme Court has uncovered the deliberate misuse of artificial intelligence in court filings, where a litigant fabricated hundreds of case...
- Indian Hotels, ITC, EIH, others in race for Pune's Crowne PlazaIndian Hotels, ITC Hotels, and EIH are among many companies interested in buying Crowne Plaza in Pune. The hotel is being sold through a ba...
- Indian Hotels, EIH, ITC join race for JW Marriott BengaluruAs many as 40 companies, mostly from the hospitality and real estate sectors, have submitted expressions of interest in a sale process over...
- Omkara buys World Wind India debt for Rs 1,225 crOmkara Asset Reconstruction Co acquired Wind World India's debt from NARCL for Rs 1,250 crore via a Swiss challenge auction. NARCL had orig...
- NCLT orders insolvency process against Gstaad Hotels over Rs 666 crore defaultThe NCLT has initiated insolvency proceedings against Gstaad Hotels, owner of JW Marriott Bengaluru, following a default of Rs 665.74 crore...
- IDBI Bank sells distressed Rs 6151 cr portfolio to Omkara ARCAt inter-se bidding held on Saturday (August 3), Omkara ARC gave the highest offer of Rs 652 crore, outbidding government-promoted National...
- ARCs vie for ACCIL Corp's Jaipur Hotel debtLast month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Ba...
- Union Bank receives binding bids for four loans of Rs 525 croreUnion Bank of India has received bids for four stressed loans worth more than ₹520 crore from ACCIL Corporation, SDB Developers, Jaypee Hea...
- NARCL, Omkara ARC in fray for Wind World debtState-owned National Asset Reconstruction Company (NARCL) and Manish Lalwani-promoted Omkara Assets Reconstruction Company (ARC) are in the...
- Piramal can get back 75% at least of Rs 600-cr loanPiramal plans to conduct a Swiss Challenge on the initial offer and will make an announcement soon. Previously, HDFC had sold a real estate...
- Piramal gets premium for Rs 531 crore residual bad loansThe Piramal Group has sold its bad loans worth ₹531 crore to Omkara Asset Reconstruction Co., including properties like a JW Marriott hotel...
- Piramal Capital sells bad loans to Omkara ARCThe non-banking finance company had called for bids under a cash-security receipt structure, based on an existing offer. Omkara Asset Recon...
- L&T Finance gets 10 expressions of interest for distressed developer loansL&T Finance has received 10 expressions of interest (EoI) for 10 distressed developer loan accounts, with a combined outstanding of INR 3,0...
- HDFC looks to sell Rs 2,000 crore stressed developer loansHousing Development Finance Corp (HDFC) is in talks with asset reconstruction companies to offload loans of about INR2,000 crore extended t...
- HDFC gets an all-cash offer from Omkara ARC for bad loan portfolioAccording to sources, three to four large asset reconstruction companies examined the portfolio, but HDFC ultimately received a bid from Om...
- Vedanta, Adani, JSW Infra, submit EOIs for Karaikal PortThe NCLT’s Chennai bench had admitted Karaikal Port for insolvency proceedings via an order dated April 29, following an application made b...
- Karaikal Port admitted for insolvency, Adani Ports & SEZ frontrunnerIn a rare instance, the National Company Law Tribunal heard and admitted a case for insolvency same day the lender, Omkara Asset Reconstruc...
- IndusInd Bank sells Rs 4,050 crore distressed retail and corporate loans to ARC in last nine monthsThe bank sold Rs 2,552 crore loans to Edelweiss ARC and Rs 1,500 crore to Omkara ARC in separate pools comprising retail and corporate loan...
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