Piramal Capital & Housing Finance Ltd. (PCHFL) is selling ₹1,625 crore in loans given to Sheth Creators and Transcon Sheth Creators, inviting bids from ARCs, NBFCs, and financial institutions. The move aligns with Piramal’s strategy to shift from wholesale lending to retail finance ....

Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

A prominent hospitality company sold a Bangalore boutique hotel via Colliers India. Colliers worked well with the Asset Reconstruction Company (ARC), Trustee, bank, buyer, and seller to complete this 150,000-square-foot transaction.

As lenders grapple to recover their investments from the debt-stricken retailer, the focus has shifted to the potential recovery through the asset held by Bansi Mall Management Co Pvt Ltd (BMMCPL), a subsidiary under the umbrella of the Future Group.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) is an essential piece of legislation that provides an effective legal framework for the recovery of defaulted loans in India.

After 13 rounds of bidding, Ahmedabad's Sankalp Recreation, Kolkata's Shri Ram Multicom, and Mumbai's Rare Asset Reconstruction Co are the sole bidders for Rajesh Life Spaces' bankrupt hotel property.

Trident Group of Delhi has acquired Shipra Mall in Indirapuram, Ghaziabad, NCR from Indiabulls Housing Finance Ltd and Edelweiss Asset Reconstruction Company Ltd for Rs. 551 Crores.