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.....»»

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

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

The NCLT has asked Bhushan Power lenders, led by PNB, to consider the bid submitted by Liberty House for the debt-ridden company.....»»

Ericsson India has filed petitions against RComm, Reliance Infratel and Reliance Telecom with the total claims against the three firms at Rs 9.8 billion.....»»

ArcelorMittal is in the race to acquire debt-laden Essar Steel which is undergoing insolvency proceedings.....»»

German restaurant chain Vapiano SE on Friday said it had opened insolvency proceedings and would apply for government assistance programs to avoid bankruptcy, blaming the corona crisis for a further drop in sales......»»

India"s NCLT OKs ArcelorMittal"s Resolution Plan For Essar Steel.....»»

Numetal may also bring up the issue of apprehension of its bid being rejected by the CoC later.....»»

Numetal may also bring up the issue of apprehension of its bid being rejected by the CoC later.....»»

The RP had appointed Knight Frank and RBSA Advisors as the valuation experts in the insolvency and bankruptcy case.....»»

The team handling the resolution of Visa Power, however, has expressed concern that the sale of the company will not generate enough revenue to pay the pending dues of contractors.....»»

The tribunal has allowed the parties to file their written submission before it, if they want to, within next two days.....»»

Dalmia Bharat, the top bidder for Binani Cement, said the two cases were different and the NCLT Delhi's order had no bearing on the matter.....»»

Canara Bank had filed an application in May 2017, requesting the tribunal to initiate insolvency resolution against the company.....»»

Committee of creditors (CoC) for Essar Steel to take call on bids after order by Ahmedabad bench of the National Company Law Tribunal (NCLT).....»»

JSW's pitch for a fresh round of bids is based on the premise of maximisation of value.....»»

The National Company Law Tribunal (NCLT) today asked the lenders of Bhushan Power & Steel, led by PNB, to consider the bid submitted by UK-based Liberty House for the debt-ridden company. Allowing the plea of Liberty House, the tri.....»»

The recent order by NCLT Delhi in the Bhushan Power & Steel case admitting a bid after completion of the bidding date, has made the case stronger for UltraTech Cement, which lost out to Dalmia Bharat Cement in the race for .....»»

NCLT Kokata Bench seeks to know if CoC could have modified its process document to consider UltraTech Cement's resolution plan.....»»