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UV ARC
IDBI SASF gets 18 offers for bad loansIDBI Bank's Stressed Assets Stabilisation Fund (SASF) aims to recover 11.59% by selling non-performing loans worth ₹6,151 crore.27 May, 2024, 12.56 AM IST- Kotak-backed Phoenix ARC, Edelweiss keen to acquire SBI loan to HNGKotak Mahindra Bank-backed Phoenix ARC and Edelweiss Asset Reconstruction Company are interested in acquiring State Bank of India's loan to...05 Feb, 2024, 11.04 AM IST
- NCLAT approves settlement plan for Asian hotelsThe promoters, who operate the Hyatt Regency hotel near Mumbai airport, offered to pay the entire claims of lenders, trade creditors, emplo...14 Jan, 2024, 10.12 AM IST
- 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...29 Nov, 2023, 12.28 AM IST
- Seven entities in race to acquire Asian Hotels (West)The listed Asian Hotels (West), which operates Hotel Hyatt Regency near Mumbai airport, was admitted for corporate insolvency proceeding la...10 Mar, 2023, 12.20 AM IST
- Reliance Communications’ committee of creditors to meet on ThursdayThe agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the ...11 Jan, 2023, 06.52 PM IST
- Jio deposits Rs 3720 crore in SBI escrow account, completes buy of Reliance InfratelIn November, the National Company Law Tribunal (NCLT) in Mumbai had approved RITL’s acquisition by Reliance Project and Property Management...22 Dec, 2022, 09.12 PM IST
- UV ARC puts in a counter bid for SSAUV ARC has offered a ₹32.5 crore bid to top NARCL's offer of ₹31 crore, people familiar with the development said. Wednesday was the last d...11 Nov, 2022, 06.28 AM IST
- Income Tax Dept searches Alchemist and UV ARCs for suspected tax evasionThe Mumbai investigation wing of the IT department had in December 2021 had carried out searches on four other ARCs, probing transactions o...18 Oct, 2022, 12.52 AM IST
- RBI's new norms for ARCs may further delay Aircel & RCom debt resolutionsAsset Reconstruction Company of India (Arcil), Edelweiss ARC and government-promoted National Asset Reconstruction Company, which have NOFs...13 Oct, 2022, 06.25 AM IST
- StanChart sells stressed loans in HNG, Chenani Nashri TollwaysThe bank sold a $40-million (equivalent to about ₹310 crore) debt exposure in the tollways project, promoted by the IL&FS Group, to Deutsch...28 Jun, 2022, 06.36 AM IST
- Reliance Communications resolution professional seeks buyers for non-core assetsThe winning bidder for RCom, UV Asset Reconstruction Company, and lenders have given in-principle consent to the RP to explore the sale of ...24 Mar, 2022, 05.40 PM IST
- UV ARC pips Arcil to bag IFIN's bad loansUV Asset Reconstruction Co is set to take over Rs 4,300 crore of loans from the bankrupt Infrastructure Leasing & Financial Services' (IL&F...29 Oct, 2021, 06.41 AM IST
- RBI to set up task force to review working of asset reconstruction companiesReconstruction companies have in the past requested the RBI to issue guidelines regarding eligibility of ARCs to act as Resolution Applican...08 Apr, 2021, 07.29 AM IST
- As many as 13 investors put in EoIs for acquiring Reliance Commercial FinanceRCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with assets under manag...12 Aug, 2020, 05.44 PM IST
- RBI norms may slow asset sales by ARCsAccording to UV ARC director Hari Hara Mishra, while the move to enhance disclosure and transparency in ARC operations is welcome, implemen...17 Jul, 2020, 09.32 AM IST
- UV ARC takes possession of Electrosteel Castings' land at Elavur under SARFAESI ActARC has made the move under the SARFAESI act and the pipes maker has said that it is contemplating legal action to dispute its move.27 Jun, 2019, 09.16 PM IST
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