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.....»»
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.....»»
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.....»»
Insolvency row: NCLT stays Union Bank"s plea against debt-ridden Era Infra
The tribunal has allowed the parties to file their written submission before it, if they want to, within next two days.....»»
NCLT asks Bhushan Steel creditors to consider Liberty House bid
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.....»»
Debt-ridden Jyoti Structures" insolvency resolution may conclude soon
The Mumbai Bench of the NCLT will hear the matter on April 18.....»»
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.....»»
Insolvency: CCI okays Tata Steel"s acquisition of debt-ridden Bhushan Steel
Under insolvency process, Committee of Creditors declared Tata Steel as successful resolution applicant for Bhushan Steel.....»»
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.....»»
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.....»»
Binani creditors" forum seeks audit of insolvency resolution process
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.....»»
NCLT reserves order on plea against sale of Bhushan Steel to Tatas
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.....»»
Insolvency row: L&T terms Bhushan Steel"s resolution plan "discriminatory"
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.....»»
Insolvency proceedings: Sanjeev Gupta front-runner for stressed companies
Gupta said Liberty House would fund these acquisitions through a mix of equity and debt, and it would be asset-specific.....»»
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.....»»
Insolvency row: Vedanta gets CCI nod to buy debt-laden Electrosteel Steels
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.....»»
NCLT rejects plea by Bhushan Steel employees, okays Tata Steel bid
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.....»»
NCLT relief unlikely for two dozen stressed power projects under IBC
The RBI in February mandated banks to classify even one-day delay in debt servicing as default.....»»
Electrosteel sale status quo hurting banks, lift stay: Vedanta to NCLAT
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.....»»
SC Johnson able to pursue acquisitions, even with $3 billion in debt, ratings service says
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.....»»
Manhattan DA"s probe ramps up, placing new scrutiny on Trump"s debt-ridden New York properties
Trump Tower, Trump International Hotel and Tower, 40 Wall Street, and Trump Plaza have missed lenders' earning projections, CBS News rep.....»»