Tuesday, November 20, 2018

LATEST ARTICLES

SC to hear petitions on RBI circular on insolvency proceedings on Nov 28

SC to hear petitions on RBI circular on insolvency proceedings on Nov 28 The central bank had said that all lenders would be required to...

Corporate Debtor Cannot Maintain Appeal Under Insolvency & Bankruptcy Code : NCLAT

LIVE LAW Corporate Debtor Cannot Maintain Appeal Under Insolvency & Bankruptcy Code : NCLAT By Legalnewsupdates on Thursday, November 15, 2018 Manu Sebastian Holding that corporate debtor cannot maintain appeal under...

NCLAT approves Ultratech Cement’s resolution plan for Binani Cement

The National Company Law Appellate Tribunal (NCLAT) has today approved Ultratech Cement’s revised resolution plan for debt-ridden Binani Cement. “In exercise of powers conferred by Section...

EDL: NCLT names resolution professional

EDL: NCLT names resolution professional With the appointment of the IRP—V Venkata Siva Kumar—the company has entered the long list of firms going through the...

Ricoh India Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process...

Ricoh India Ltd. - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) T+ T- The Company hereby informs that the Resolution Professional with the...

SBI can now start insolvency proceedings against construction firm

SBI can now start insolvency proceedings against construction firm Prior to issuance of above orders in the petition filed by SBI, the bench allowed the...

Dena, Kotak banks withdraw plea against Alok Industries RP

Dena, Kotak banks withdraw plea against Alok Industries RP Dena Bank and Kotak Mahindra Bank had objected to Reliance Industries and JM financial resolution plan...

Pratibha Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process...

Pratibha Industries Ltd. - Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process (CIRP) by Financial Creditors T+ T- Hearing of Petition from Bank of Baroda,...

Liberty House misses deadline to pay Rs 4,810 crore to Amtek, Adhunik lenders

Liberty House misses deadline to pay Rs 4,810 crore to Amtek, Adhunik lenders: Report The UK-based steel major had won both assets in July and according...

Essar Steel: Ruia Offer Is Bigger But Is It Better?

Essar Steel: Ruia Offer Is Bigger But Is It Better? BloombergQuintOpinion Menaka Doshi@menakadoshi October 29 2018, 11:48 AMOctober 29 2018, 1:11 PM At 1 p.m. on Oct....

SC seeks Vedanta response on plea against Electrosteel bid

SC seeks Vedanta response on plea against Electrosteel bid Renaissance Steel has challenged Vedanta’s eligibility to bid for Electrosteel Steels as one of its affiliates...

Essar Steel: Ruias may go to court on offer by ArcelorMittal

Essar Steel: Ruias may go to court on offer by ArcelorMittal By: FE Bureau | Published: October 30, 2018 5:47 AM The Ruias, who have offered to pay `54,389 crore...

Insolvency process: Debt-laden Essar Steel’s case may drag, say lawyers

Insolvency process: Debt-laden Essar Steel's case may drag, say lawyers This is not the first time the promoters of Essar Steel are trying to get...

Paytm among 24 creditors that moved court to recover dues from Anil Ambani firms...

Paytm among 24 creditors that moved court to recover dues from Anil Ambani firms RCom, Reliance Telecom By: FE Online | Published: October 26, 2018 4:00 PM The creditors moved...

NCLT orders liquidation of Kamineni Steel and Power

NCLT orders liquidation of Kamineni Steel and Power OUR BUREAUT+ T- HYDERABAD, OCTOBER 26 The National Company Law Tribunal, Hyderabad has ordered liquidation of Kamineni Steel and Power...

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L&T terms Bhushans resolution plan as discriminatory against operational creditors

PTI April 9, 2018 UPDATED 20:00 IST New Delhi, Apr 9 (PTI) Larsen & Toubro Ltd (L&T), which is an operational creditor to...

SBI To Use Bankruptcy Code More Frequently To Resolve Bad Loans

Banks will use the Insolvency and Bankruptcy Code more frequently to try and resolve stressed assets, Arundhati Bhattacharya, chairman of State Bank of India...

Tatas, JSW Possible White Knights For Stressed Steelmakers, Says Rakesh Arora

Tata Steel Ltd. and JSW Steel Ltd. are probably the only two Indian companies in a position to acquire the distressed assets of their...

Tribunal rejects Macquarie Bank’s suit against Uttam Galva unit

The National Company Law Tribunal has dismissed a money recovery suit filed by Australian lender Macquarie Bank Ltd against a unit of loss-making Uttam...

Keep Jaypee home buyers’ interest as top priority: Noida Authority asks...

​The CEOs of Noida, Greater Noida and Yamuna Expressway authorities have been called for a meeting with the chief secretary of Uttar Pradesh on...

NCLT allows ICICI Bank’s plea for insolvency resolution process against Unimark...

OUR BUREAUT+ T- NCLT has appointed Amit Gupta (Amit H Gupta & Co Chartered Accountants) as interim resolution professional to carry out the process as mentioned...