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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.....»»

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

Debt-ridden Jyoti Structures" insolvency resolution may conclude soon

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

Category: topSource: business-standardApr 9th, 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

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

Insolvency row: SBI moves NCLT against debt-ridden IVRCL as deadline looms

Hyderabad, 11 December: State Bank of India(SBI) on Monday moved the National Company Law Tribunal(NCLT) against Hyderabad-based infrastructure company IVRCL as the deadline to resolve the large NPA accounts in the second list-.....»»

Category: topSource: business-standardDec 11th, 2017

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

Gujarat HC to hear Essar Steel"s plea to stay insolvency proceedings today

Firm has a total debt book of Rs 42, 000 crore.....»»

Category: topSource: business-standardJul 7th, 2017

PE firms, lenders may take stake in Bhushan Power & Steel as part of revamp

The firm, with debt over Rs 40,000 cr, is facing proceedings under Insolvency and Bankruptcy Code.....»»

Category: topSource: business-standardJul 2nd, 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. 52 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 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.....»»

Category: topSource: business-standardApr 15th, 2018

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.....»»

Category: topSource: business-standardApr 11th, 2018

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.....»»

Category: topSource: business-standardApr 9th, 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

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

Supreme Court orders status quo for RCom asset sale to Reliance Jio

The sale is important for RCom to repay debt by March. Else, it could be sent to the NCLT under the Insolvency and Bankruptcy Code.....»»

Category: topSource: business-standardMar 22nd, 2018