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BANKRUPTCY AUCTIONS
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- SBI-led banks seek bids for Essar Group promoter guaranteesThe reserve price for the bids, with a June 17 deadline, is Rs 200 crore, showed a document on the website of the process advisor, BoB Capi...
- Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bidIn a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this ...
- NCLT admits insolvency plea against Supreme Housing & HospitalityThe National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...
- Canara Bank invites bids for Rs 509 crore loan of Rajesh ExportsCanara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move com...
- IBC study calls for auction reform to boost MSME insolvency resolutionA new study suggests changes to how bankrupt micro, small, and medium enterprises are rescued. It proposes a single objective auction model...
- Nirav Modi-linked Firestar Diamond stock to go on saleFugitive diamantaire Nirav Modi's former company, Firestar Diamond International, is set to auction its precious inventory of gems and jewe...
- Regeneron to buy bankrupt 23andMe, vows ethical use of customer DNA dataSouth San Francisco, California-based 23andMe filed for bankruptcy last month, seeking to sell its business at auction after a decline in c...
- Insolvency and Bankruptcy Board of India proposes several changes in latest paperThe Insolvency and Bankruptcy Board of India (IBBI) has put forward changes to liquidation rules, aiming to make the process smoother. Thes...
- Swan Energy makes part payment for Reliance NavalSwan Energy partnered with resolution applicant Hazel Mercantile Ltd through its special purpose vehicle - Hazel Infra - to acquire RNEL un...
- Reliance Capital resolution process deadline may be extendedLenders of Reliance Capital may consider extending the deadline for completing the resolution process until May 30 as the second auction ro...
- RCap lenders postpone 2nd auction to April 11; three bidders express interestAccording to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings...
- Supreme Court declines to stay NCLAT order to hold second round of auction for RCap assetsThe Supreme Court on Monday declined to stay the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction ...
- SVB Financial explores bankruptcy as option for asset salesSVB said on Monday it was considering strategic alternatives for its assets but did not disclose bankruptcy as one of the potential options.
- NCLT favours Torrent, rules against second auction for Reliance CapitalTorrent Investments had filed a plea on January 9, seeking the tribunal to quash the lenders' plans to hold a fresh auction for the takeove...
- Torrent Group emerges highest bidder in phase 1 of Reliance Capital auctionReliance Capital is the third large NBFC against which RBI has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (I...
- India's bankruptcy auction that wasn't, perhapsWhat if Numetal does decide to pay to play? Then the long-delayed process will take a more curious turn.
- Gawker.com to shut down next week after 14-year runThe decision comes two days after Univision Holdings Inc won a bankruptcy auction to acquire Gawker for $135 million.
- Chrysler seeks approval to sell assets by May 22Chrysler LLC, under orders by President Barack Obama to conduct a quick bankruptcy, will ask court approval to auction most of its assets i...
- Rival bid queers Sterlite pitchAfter Sterlite Industries almost seals Asarco deal, Grupo Mexico springs a surprise with a $4.1 billion offer.
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