Abg Shipyard News

Market

How Liberty House reneging on payments affects IBC

Lenders would be better off demanding that Liberty House honour payments rather than setting a precedent that allows successful bidders to renege on their commitments

2 min read15 Nov 2018
Politics

Mountain of false claims tests bankruptcy process

In the case of ABG Shipyard, one of the companies referred to bankruptcy courts, the percentage of claims made by operational creditors that were rejected stood at a staggering 90% of the total claims

3 min read5 Sep 2018
Companies

Liberty House plans to turn ABG Shipyard into steel plant

Sanjeev Gupta's Liberty House has placed a bid of 5,200 crore for ABG Shipyard, which owes close to 19,000 crore to creditors

3 min read27 Aug 2018
Politics

Companies under insolvency process to face additional surveillance from 11 June

Data available with BSE shows that 75 firms, including Bhushan Steel, Jaypee Infratech and Ruchi Soya Industries are undergoing insolvency process as per IBC

1 min read9 Jun 2018
Companies

Deals Buzz: SoftBank to move ride-hailing stakes worth $20 bn to Vision Fund, says report

In other news, Bharti Infratel and Indus Towers agree to merge their businesses to create the world's largest tower company outside China

2 min read26 Apr 2018
Companies

Fresh bids invited for ABG Shipyard under IBC

Expressions of interest (EoIs) have been invited from potential bidders for ABG Shipyard under Insolvency and Bankruptcy Code

1 min read18 Apr 2018
Industry

Bad loan resolution: A reality check

A status update on the 12 companies in the RBI defaulter list currently undergoing bankruptcy proceedings under the Insolvency and Bankruptcy Code

1 min read17 Apr 2018
Companies

Vulture funds staying away from bidding for distressed companies

Firms undergoing proceedings under the Insolvency and Bankruptcy Code are seeing limited interest, but may find more takers at the end of resolution

2 min read21 Mar 2018
Market

Opening bell: Asian markets open mixed; BHEL, ACC, Glenmark earnings today

In other news, Suzuki to invest $3 billion in India over three years, while NCLT allows auction of ABG Shipyard arm Western India

1 min read8 Feb 2018
Companies

NCLT allows auction of ABG Shipyard arm Western India

The bankruptcy court NCLT has allowed the auction of the properties of Western India Shipyard, a subsidiary of ABG Shipyard, one of the 12 large cases referred by the RBI for early bankruptcy proceedings

1 min read8 Feb 2018
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