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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

Working "very closely" with L N Mittal on Arcelor"s future plan: Son Aditya

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

Category: topSource: business-standardMay 13th, 2018

Ericsson-RComm dispute: NCLT reserves order on insolvency proceedings

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.....»»

Category: topSource: business-standardMay 10th, 2018

Insolvency: Liberty House offers over Rs 260 bn for Bhushan Power

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

Category: topSource: business-standardApr 27th, 2018

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-standardApr 22nd, 2018

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

Nagarjuna Oil insolvency: NCLT further extends resolution period by 60 days

The NCLT had earlier extended the period for Corporate Insolvency Resolution Process (CIRP) by 90 days with effect from 21 January 2018.....»»

Category: topSource: business-standardMay 31st, 2018

NCLAT asks Tata Steel if it would pay Bhushan Steel"s GST, income tax dues

The company law appellate tribunal today asked Tata Steel if it will clear the statutory dues like income tax and GST of Bhushan Steel, a company it had acquired in the insolvency proceedings earlier this month. The National Compan.....»»

Category: topSource: business-standardMay 30th, 2018

Insolvency proceedings: Ruchi Soya"s lenders to discuss bids today

Patanjali had initially made a bid of Rs 40 billion to emerge as the front-runner for acquiring Ruchi Soya......»»

Category: topSource: business-standardMay 29th, 2018

RCom surges 11% after NCLAT fixes hearing against NCLT order for Tuesday

Reliance Naval, Reliance Power, Reliance Capital, Reliance Infra and Reliance Nippon Life were other stocks from the ADAG, up in the range of 3% to 10% on the BSE......»»

Category: topSource: business-standardMay 28th, 2018

Insolvency resolution: Binani"s CoC vote on UltraTech offer on Monday

NCLT has set June 24 as deadline for resolution, failing which Binani Cement will face liquidation.....»»

Category: topSource: business-standardMay 27th, 2018

Essar Steel insolvency: Lenders move NCLAT for early hearing of case

State Bank of India (SBI) filed the petition in the NCLAT on behalf of the Committee of Creditors (CoC) of Essar Steel seeking the "earliest possible date for hearing on a day to day basis".....»»

Category: topSource: business-standardMay 25th, 2018

Insolvency: Bhushan Power lenders asked to go ahead with selection of bids

The appellate tribunal directed the CoC to keep its decision over the bids in a sealed cover and said it would be subject to its final order......»»

Category: topSource: business-standardMay 24th, 2018

Insolvency process: NCLAT stays NCLT order on Jaiprakash Associates land

the National Company Law Appellate Tribunal today stayed the NCLT order which had directed the realty firm to return nearly 760-acre land to its subsidiary Jaypee Infratech......»»

Category: topSource: business-standardMay 24th, 2018

Battle for Essar Steel: Journey of Rewant Ruia from 100% to 0% in Numetal

Numetal was rejected in the first-round bidding as it was not compliant with section 29A of the Insolvency and Bankruptcy Code.....»»

Category: topSource: business-standardMay 24th, 2018

Cabinet approves ordinance to give homebuyers creditor status under IBC

Special provisions planned for MSMEs, panel wants CoC to have power to withdraw application for insolvency resolution.....»»

Category: topSource: business-standardMay 23rd, 2018

Bank of India to get Rs 19.93 bn from Tata Steel-Bhushan Steel deal

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion.....»»

Category: topSource: business-standardMay 19th, 2018

Jharkhand govt set to re-award Tilaiya ultra mega power project

The present central government has raised its commitment in renewable energy, announcing mega solar energy parks on the lines of UMPPs.....»»

Category: topSource: business-standardMay 18th, 2018

With NCLT, NCLAT closing for vacations, insolvency resolutions face delays

Legal experts and resolution professionals handling cases where the deadline expires within the next two weeks said they were not sure how to proceed.....»»

Category: topSource: business-standardMay 18th, 2018

Insolvency: RCom, Ericsson India likely to settle dispute outside NCLT

Ericsson had filed a petition with the NCLT.....»»

Category: topSource: business-standardMay 17th, 2018