Sunday, March 24, 2019
NCLAT gives conditional nod to ArcelorMittal's resolution plan for Essar Steel Aditi Singh March 18 2019 The National Company Law Appellate Tribunal today gave a conditional nod to ArcelorMittal’s resolution plan for debt-ridden Essar Steel. Stating that there was no stay on the ArcelorMittal’s resolution plan, the...
Tribunal Approves ArcelorMittal's Rs. 45,000 Crore Essar Steel Takeover Plan NCLT on Friday approved AreclorMittal's Rs. 45,000 crore resolution plan for the insolvent Essar Steel. Corporates | Indo-Asian News Service | Updated: March 08, 2019 19:33 IST The National Company Law Tribunal's Ahmedabad bench (NCLT) on Friday approved AreclorMittal's Rs. 45,000 crore...
51% required for initiating forensic audit of corporate debtor: NCLT Varun Marwah March 7 2019 The Hyderabad Bench of NCLT has ordered a forensic audit for Viceroy Hotels, which runs JW Marriot and the Courtyard in Hyderabad. Asset Reconstruction Co (India) Ltd (Arcil) had initiated insolvency...
Another insolvency petition against Bhushan Steel, dismissed Varun Marwah March 1 2019 Bhushan Steel, first one of the 12 large cases to be successfully resolved and taken over by Tata Steel last year, faced yet another insolvency petition recently. An operational...
NCLAT quashes NCLT order against ECL IANS  |  Kolkata Last Updated at February 14, 2019 21:25 IST The National Company Law Appellate Tribunal (NCLAT) has set aside the National Company Law Tribunal (NCLT) Kolkata bench's order to start insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of Coal India,...
Essar Steel case: NCLT concludes hearing on Arcelor's plan, reserves order Written submissions from all sides including ArcelorMittal, Committee of Creditors and Resolution Professional have been invited by February 18 Vinay Umarji  |  Ahmedabad Last Updated at February 14, 2019 20:54 IS ALSO...
ArcelorMittal must wait more for Essar Steel resolution; NCLT defers bankruptcy verdict again By: Prachi Gupta | Published: February 12, 2019 12:49 PM The Ahmedabad branch of the National Company Law Tribunal (NCLT) is now expected to give its verdict on ArcelorMittal’s resolution plan for...
SC suspects cartelisation as Amrapali's 5-star hotel unsold at auction The top court said that it is "shocking and disturbing" that bankers are not coming forward to finance the properties.PTI  |  Updated: February 12, 2019, 08:23 IST   NEW DELHI: Taking strong exception to...
Essar Steel resolution: Ruias move NCLAT In January, the NCLT had rejected the Ruias’ plea for placing an offer for resolution of Essar Steel, promoted by the latter. Written by Indu Bhan |New Delhi |Published: February 12, 2019 1:37:35 am Meanwhile, the...
National Company Law Tribunal in Chennai pulls up banks for rejecting plea The resolution plans of the debtor had been rejected without application of mind. Published: 25th November 2018 08:06 AM  |   Last Updated: 25th November 2018 08:06 AM  |  A+A A- By Express News Service CHENNAI : A Bench of the...
Standard Chartered challenges ArcelorMittal’s Essar Steel bid again Standard Chartered has alleged that Essar Steel’s lenders illegally sought a discriminatory resolution plan with ArcelorMittal outside the purview of the Insolvency and Bankruptcy Code Last Published: Mon, Nov 26 2018. 08 34 PM...
GAIL Moves NCLT Seeking Rejection Of ArcelorMittal’s Bid For Essar Steel PTI@PTI_News November 19 2018, 4:20 PMNovember 19 2018, 4:20 PM GAIL (India) Ltd. and Gujarat Energy Transmission Corp. have moved the National Company Law Tribunal seeking rejection...
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 put in place Board-approved policies IANS  |  New Delhi Last Updated at November 16, 2018 21:39 IST The Supreme...
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 31 of the ‘I&B Code’ read with order of remand by the Hon’ble Supreme Court, we...
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 time-bound resolution process under the Insolvency and Bankruptcy Code. Published: 09th November 2018 06:50 AM  |   Last Updated: 09th...
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 petition filed by BS Limited seeking insolvency resolution process of Vedika steels private limited. Published: 11th...
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 for Alok Industries, which owes lenders ₹29,600 crore Last Published: Mon, Nov 05 2018. 02 36 AM...
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 in Zambia, Konkola Copper Mines, was found guilty of violating environmental laws in that country Last...
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 against the Anil Ambani firms under section 9 of the Insolvency and Bankruptcy Code...
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 India, and appointed R Ramakrishna Gupta as liquidator. In an order passed on Friday, Judicial Member...