Friday, July 20, 2018

LATEST ARTICLES

NCLT approves Liberty House’s plan for acquiring Adhunik Metaliks

IANS  |  Kolkata Last Updated at July 18, 2018 00:30 IST The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday approved the resolution plan of the...

Bhushan Power Case: Wait till we rule on IBC – Supreme Court to NCLT

Even as the government has stood firm on resisting a call for easing the exclusion norms under the insolvency resolution process to retain its...

Insolvency process: Videocon lenders’ claims at Rs 59,000 crore

Financial creditors of Essar Steel have filed claims worth Rs 54,917 crore, while those for Bhushan Steel had submitted claims worth Rs 56,079 crore,...

Jaypee homebuyers to SC: An insolvent company cannot place a bid for another insolvent...

Homebuyers want a new promoter to be inducted for the resolution of JIL. Seek for extension of the insolvency resolution period by 45 to...

Essar Steel Insolvency: Aurora Enterprises Would Have No Control Over Firm, Numetal Tells NCLAT...

PTI @PTI_News 17 July 2018, 11:24 PM17 July 2018, 11:24 PM Russia’s VTB Capital-backed Numetal today said Ruia family scion Rewant will never be in management...

NCLAT Stays Bhushan Power Lenders’ Meeting To Vote On Finalising Bids ...

PTI @PTI_News 17 July 2018, 3:41 PM17 July 2018, 3:31 PM The NCLAT today stayed the meeting of the Committee of Creditors of Bhushan Power and...

Essar Steel auction: Points to ponder from the NCLAT proceedings

The next hearing is on Monday, July 16 Prince Mathews Thomas@prince0879 ES01 As the National Company Law Appellate Tribunal (NCLAT) hearing on the eligibility of bids...

Ministry of Skill Development and Entrepreneurship launches training programme for ‘Insolvency Associate’

IndiaToday.in New Delhi July 13, 2018 UPDATED: July 13, 2018 17:11 IST The Ministry of Skill Development and Entrepreneurship (MSDE) on July 11...

Plea to stay Bhushan Steel resolution dismissed

The plea was after the NCLT directed Bhushan Power’s lenders, led by Punjab National Bank, to consider the bid submitted by Liberty House.  : 13th July...

Dalmia Bharat Ltd. – Update On Acquisition/Revival Of Kalyanpur Cements Limited By Dalmia Cement...

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please be informed that as per the resolution plan approved by...

AION Capital-JSW Steel consortium agrees to pay Monnet Ispat’s small creditors

The lone successful bidder for Monnet Ispat agreed to set aside around ₹25 crore for MSME vendors, which will increase the total acquisition amount...

Chambal Fertilisers & Chemicals Ltd. – ANNOUNCEMENT UNDER REGULATION 30

T+ T- We would like to inform you that Inuva Info Management Private Limited, India (Inuva) is a subsidiary of ISG Novasoft Technologies Limited which is...

EXCLUSIVE | Bankruptcy Code: Are homebuyers secured financial creditors? Read builder agreement carefully

The latest Ordinance on the Insolvency and Bankruptcy Code (IBC) has, for the first time, recognised home-buyers as financial creditors but whether they are...

Patanjali says won’t back out from race to acquire bankrupt Ruchi Soya

FINANCIAL CHRONICLE PublishedJul 11, 2018, 8:56 am IST UpdatedJul 11, 2018, 10:16 am IST Patanjali was asked to submit a revised bid by June 16 to match...

Essar Steel lenders urge NCLAT to expedite resolution process

Under the Insolvency and Bankruptcy Code (IBC), CoC and Resolution Professional (RP) have to complete the Corporate Insolvency Resolution Process (CIRP) in 180 days. PTI@moneycontrolcom ...

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Most promoters out of bidding process, may challenge IBC ordinance

Nov 25, 2017 07:00 PM IST | Source: Moneycontrol.com President Ram Nath Kovind gave his assent to an ordinance amending the Insolvency and Bankruptcy Code...

Will ArcelorMittal shed Uttam Galva for Essar Steel?

Nevin John   New Delhi     Last Updated: February 6, 2018  | 21:34 IST Lakshmi Mittal, CEO of ArcelorMittal ArcelorMittal's plan to exit the debt-loaded Uttam Galva (UVL) triggers the speculation...

Tata Steel gets second time OK for Bhushan Steel

On March 6 too, the company was declared the preferred bidder for Bhushan Steel, but was contested by the stressed company's employees. Moneycontrol News @moneycontrolcom ...

NCLT can’t declare any builder insolvent

This insolvency declaration, among other things, has made Greater Noida Authority powerless in terms of intervention (from the home buyers side). After the bench of...

Lenders to Jyoti Structures to finalize resolution plan next week as...

The decision of the committee of creditors (CoC) will be crucial for Jyoti Structures as the 270-days window to resolve the account ends on...

Cross-border insolvency is the need of the hour: Justice A K...

He urged insolvency professionals to delve deep into cases, get better understanding of the subject Justice A K Sikri, justice in the apex court of...