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ARCs feast as banks dispose of stressed hotels

After failing to recover loans to the hospitality sector, banks are selling these properties to asset reconstruction companies (ARCs). Edelweiss ARC and the Delhi-based Alchemist ARC are some of the companies which are actively buying out the bad debt in the hospitality sector.

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Alchemist ARC eyes acquisitions via NCLT route

Alchemist Asset Reconstruction Co. Ltd is planning to focus on acquiring control of and restructuring stressed companies that have been admitted in the National Company Law Tribunal (NCLT) through the insolvency and bankruptcy code (IBC), said a senior executive of the firm.

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NCLT admits Alchemist ARC’s insolvency against Nagpur ompany

The Mumbai bench of National Company Law Tribunal has admitted an insolvency application filed by Alchemist Asset Reconstruction Company Ltd against a Nagpur-based power firm to re

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DMI Finance acquires 16% in Alchemist ARC

DMI Finance today announced its foray into the asset reconstruction space by acquiring 16 per cent stake in Alchemist ARC for an undisclosed sum.
“Having made considerable progress in building our loan origination pipeline, we felt the need to expand our current product offerings and enter the

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‘Financial creditors must balance the needs of other stakeholders’

Srishti Dhir, President at Alchemist Asset Reconstruction Company, believes that the Insolvency and Bankruptcy Code is a game-changer for the industry. Talking to BusinessLine, she said that following some big restructuring deals and managing a slew of successful exits under the

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Let There be Light

The Synergies Dooray Automotive case, the first in which a resolution plan has been approved under the new insolvency law, had all the elements of surprise, drama and confusion. This Visakhapatnam-based maker of automotive parts, garage and service station equipment owed Rs 972 crore

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NCLT admits insolvency plea against Abhijeet MADC

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition against Abhijeet MADC Nagpur Energy (AMNEPL). The petition was filed by Alchemist Asset

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DMI Finance acquires 16% stake in Alchemist ARC

NEW DELHI: DMI Finance, an NBFC founded by former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh, has acquired 16% stake in Alchemist Asset Reconstruction Company. The financial services firm has been valued at 200 crore, according to industry executives familiar with the devel ..

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