At the Advantage Vidarbha-Khasdar Audhyogik Mahotsav in Nagpur, Union minister Nitin Gadkari passionately urged the youth to step into lead...

Region's MSME ecosystem primed for takeoff as infrastructure boom, policy support, and diversification transform Maharashtra's heartland in...

Adani Power will acquire Vidarbha Industries Power Limited. The National Company Law Tribunal approved the acquisition. Secured creditors h...

Adani Power has been given the green light by the committee of creditors to acquire Vidarbha Industries Power Ltd, which operates a 600 MW ...

Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CF...

"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said...

A division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing schedu...

In its petition, Reliance ARC has raised concerns over the Swiss Challenge Auction process, according to a lawyer source. The concern is th...

Banks led by Axis Bank have scheduled a Swiss Challenge auction to sell principal debt of ₹2,569 crore and $27.7 million in overseas curren...

Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction compa...

Vidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered t...

In the last few weeks, CFM ARC and the promoter have been outbidding each other in making unsolicited offers to the lenders for the distres...

At the meeting, lenders evaluated three offers - a one-time settlement from the promoter company Reliance Power, and two separate offers fr...

Reliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC i...

The offer comes amid a landmark Supreme Court order that dismissed Axis Bank's petition to admit the company into insolvency stating that t...

IBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Com...

The ministry of corporate affairs on Wednesday proposed that the adjudicating authority must admit an application filed by a financial cred...