NCLT lets insolvency proceedings against debt-ridden 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.....»»

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

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

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 Mumbai Bench of the NCLT will hear the matter on April 18.....»»

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

Under insolvency process, Committee of Creditors declared Tata Steel as successful resolution applicant for Bhushan Steel.....»»

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 Binani Operational Creditors Forum (BOCF) today said it has sought a forensic audit of the insolvency resolution process of debt-ridden Binani Cement due to an alleged lack of transparency and step motherly treatment to Micr.....»»

The National Company Law Tribunal (NCLT) today reserved its order on a plea challenging sale of debt-ridden firm Bhushan Steel to Tata Steel by the Committee of Creditors (CoC). The Principal bench of NCLT headed by President Just.....»»

Larsen & Toubro Ltd (L&T), which is an operational creditor to Bhushan Steel Ltd, today termed the resolution plan of debt-ridden firm as "discriminatory" and "arbitrary" saying its Rs 900 crore outstanding has not b.....»»

Gupta said Liberty House would fund these acquisitions through a mix of equity and debt, and it would be asset-specific.....»»

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.....»»

The NCLT had last month approved the resolution plan submitted by Vedanta Ltd for Electrosteel Steels, making it the first among 12 large stressed accounts identified by RBI.....»»

The National Company Law Tribunal (NCLT) today approved Tata Steel's bid for debt-ridden Bhushan Steel. The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs.....»»

The RBI in February mandated banks to classify even one-day delay in debt servicing as default.....»»

Vedanta Ltd today asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt ridden Electrosteel Steel. During the proceedings of the appellate tribunal, senior a.....»»

S.C. Johnson & Son Inc. possesses a strong brand portfolio, global reach and pricing power that bode well for continuing payments on $3 billion in long-term debt while seeking more acquisitions, according to a new report from Fitch Ratings. Fi.....»»

Trump Tower, Trump International Hotel and Tower, 40 Wall Street, and Trump Plaza have missed lenders' earning projections, CBS News rep.....»»