NCLT allows insolvency proceedings against Essar Power Jharkhand

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.....»»

A source in the UltraTech said their appeal rests on the claim that the CoC meeting was according to the directives of the NCLT.....»»

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

Move comes after Ericsson approaches tribunal for repayment of dues of Rs 11.5 bn.....»»

Sources say the time taken by the tribunal to approve mergers is more than what high courts used to take.....»»

Numetal and ArcelorMittal had moved the NCLAT against a previous order of the National Company Law Tribunal's (NCLT's) Ahmedabad bench.....»»

Of the 16 planned & 4 awarded UMPPs, only two are functional now in India.....»»

Shares of Reliance Power were trading 1.95 per cent up at Rs 34 apiece on BSE.....»»

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

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

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

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.....»»

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

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

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......»»

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......»»

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".....»»

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

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......»»

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