Alok Industries

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today

Banks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.

Insolvency and Bankruptcy Code: There are glaring problems and it isn't only about low valuations

Valuers have a greater role to play in asset valuation rather than in share valuation.

Insolvency and Bankruptcy: Govt plans separate legislation for registered valuers

proper valuers were the critical missing link in the process since most insolvency professionals were poorly equipped since it was a new area for them.

Bank officers union slams Alok Industries' lenders decision to accept offer with deep haircut of 83%

Lenders to Alok Industries will have to take a deep haircut of 83% in approving RIL-JM Financial ARC's resolution plan to take over the bankrupted company

Majority of lenders to debt-ridden Alok Industries approve sale of textile firm to RIL

The consortium of lenders, led by SBI, is claiming dues of over Rs 23,000 crore from Alok Industries.

Plans to revive ABG Shipyard, Alok Industries and Lanco could fail; lenders might liquidate firms

Plans to revive ABG Shipyard, Alok Industries and Lanco could fail, despite that fact that Alok received a bid from Reliance Industries (RIL).

Reliance Industries, JM Financial bid to acquire textile manufacturer Alok Industries rejected

Reliance Industries (RIL) had bid jointly with JM Financial to acquire the debt ridden textile manufacturer Alok Industries Ltd

RIL, JM Financial bid jointly for debt ridden textile manufacturer Alok Industries

Reliance Industries Ltd (RIL) said on Thursday that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the debt ridden textile manufacturer Alok Industries

Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challenges

Intention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy

NPA problem: Bankers meet begins today, to decide on large loan defaulters

The first set of six troubled accounts are Bhushan Steel (Rs 44,478 cr), Essar Steel (Rs 37,284 cr), Bhusan Power and Steel (Rs 37,248 cr), Alok Industries (Rs 22,075 cr), Amtek Auto (Rs 14,074 cr) and Monnet Ispat (Rs 12,115 cr), a banker said.