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NCLT allows insolvency proceedings against Essar Power Jharkhand

The principal bench of NCLT has appointed an interim resolution professional (IRP) to manage the affairs of the company, according to an order.....»»

Category: topSource: business-standardApr 16th, 2018

NCLT allows insolvency proceedings against Essar Power Jharkhand

The principal bench of NCLT has appointed an interim resolution professional (IRP) to manage the affairs of the company, according to an order.....»»

Category: topSource: business-standardApr 16th, 2018

Lender"s rebuttal: Application against Essar Steel authorised under SBI Act

Ongoing hearing of insolvency proceedings against Essar Steel at NCLT bench was put off for July 26.....»»

Category: topSource: business-standardJul 25th, 2017

Insolvency proceedings: Uttam Galva Steels asks lenders for counter-offer

If Uttam Galva's dues are paid, it could smoothen ArcelorMittal's bid for Essar Steel.....»»

Category: topSource: business-standard16 hr. 51 min. ago

Fresh Expressions of Interest invited for ABG Shipyard under IBC

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.....»»

Category: topSource: business-standardApr 18th, 2018

Binani Cement lenders to meet Wednesday, consider out-of-court settlement

Binani Industries had moved the NCLT for termination of insolvency proceedings, after it received a comfort letter from UltraTech Cement of about Rs 72 billion.....»»

Category: topSource: business-standardApr 3rd, 2018

Vedanta, ArcelorMittal, NuMetal-JSW bid to takeover debt-laden Essar Steel

Essar Steel was among the initial 12 companies identified by the Reserve Bank of India (RBI) for insolvency proceedings.....»»

Category: topSource: business-standardApr 2nd, 2018

NCLT initiates insolvency resolution for Lanco Teesta Hydro Power

The company failed to repay project loan dues of about Rs 3.13 billion to ICICI bank after the 500 Mw hydropower project remained unfinished due to various delays.....»»

Category: topSource: business-standardApr 1st, 2018

Insolvency proceedings: Try out-of-court deal for Binani Cement, says NCLT

Tribunal tells committee of creditors to consider company's own higher offer.....»»

Category: topSource: business-standardMar 27th, 2018

Essar Steel insolvency: NCLT defers ArcelorMittal, Numetal hearing to Apr 4

Second round of bidding for Essar will continue to be held on April 2.....»»

Category: topSource: business-standardMar 27th, 2018

Essar Steel insolvency: ArcelorMittal moves NCLT over rejection of bid

The NCLT will hear the applications by ArcelorMittal and Numetal on Tuesday.....»»

Category: topSource: business-standardMar 26th, 2018

Essar Steel insolvency: ArcelorMittal moves NCLT on bid rejection

The NCLT will hear the applications by ArcelorMittal and Numetal on Tuesday.....»»

Category: topSource: business-standardMar 26th, 2018

Litigation hurdles abound for RBI-recommended insolvency cases at NCLT

There have been a few strong bids for some of the biggest stressed assets: Bhushan Steel, Bhushan Power & Steel, and Electrosteel Steels.....»»

Category: topSource: business-standardMar 22nd, 2018

Bhushan Power resolution plan is likely to be finalised this month

The resolution plan for Bhushan Power and Steel, facing insolvency proceedings, is likely to be finalised this month, the IRP for the firm Mahender Kumar Khandelwal said today. His comments come amid the Indian arm of Belgium-headq.....»»

Category: topSource: business-standardMar 6th, 2018

Rising litigation mars debt resolution under Insolvency and Bankruptcy Code

Essar Steel, Bhushan Power & Steel bidders may go to court.....»»

Category: topSource: business-standardFeb 25th, 2018

VTB Bank officials to visit India to seek support on Essar Steel bid

Essar Steel is undergoing bankruptcy proceedings at the National Company Law Tribunal (NCLT).....»»

Category: topSource: business-standardFeb 18th, 2018

Insolvency proceedings: ArcelorMittal submits bid for Essar Steel

Essar would also have access to deep bench of technical expertise and knowledge from across the group which is unparallelled in the steel industry.....»»

Category: topSource: business-standardFeb 12th, 2018

Aion-JSW rebid: Monnet creditors to decide on course of action next week

Monnet Ispat & Energy among 12 companies referred by RBI for insolvency proceedings at NCLT.....»»

Category: topSource: business-standardJan 4th, 2018

IBC"s objective not to emphasise on liquidation: NCLT

Stating that there are jobs and livelihood at stake, Kumar said the idea is not to lay stress on liquidation of the companies facing insolvency proceedings.....»»

Category: topSource: business-standardJan 3rd, 2018

SAIL plans to bid for stressed assets of Essar, Bhushan Steel

Essar Steel was among the initial 12 companies identified by the Reserve Bank of India for insolvency proceedings.....»»

Category: topSource: business-standardDec 31st, 2017

Insolvency resolution: Monnet Ispat"s independent director resigns

Monnet Ispat is one of the 12 companies which RBI had referred to NCLT for insolvency proceedings in June this year.....»»

Category: topSource: business-standardDec 29th, 2017