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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

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

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

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.....»»

Category: topSource: business-standardApr 25th, 2018

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.....»»

Category: topSource: business-standardApr 23rd, 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

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.....»»

Category: topSource: business-standardMay 28th, 2018

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.....»»

Category: topSource: business-standardMay 15th, 2018

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.....»»

Category: topSource: business-standardMay 15th, 2018

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.....»»

Category: topSource: business-standardMay 14th, 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 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.....»»

Category: topSource: business-standardMay 4th, 2018

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.....»»

Category: topSource: business-standardApr 26th, 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

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

An $11 billion debt pile just came crashing down in China

China this month recorded one of its biggest corporate-debt defaults yet, with the downfall of a coal miner that had ridden the country‚Äôs wave of credit until policy makers changed the game with their deleveraging campaign......»»

Category: topSource: moneycentralJul 19th, 2018

Congress Is Again Pushing a Bill That Lets the U.S. Sue OPEC for Oil Price Fixing. And Trump Might Sign It

Both George W. Bush and Barack Obama threatened to use their veto power to halt it from becoming law. U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, in.....»»

Category: europeSource: fortuneJul 17th, 2018