Latest News on Insolvency Proceedings
Showing of 0 - 10 from 23 results
Insolvency Proceedings - Total results - 23
Jan 30, 2019
NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdictIf it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country
Dec 06, 2018
NCLT dismisses HDFC plea for initiating insolvency proceedings against RHC HoldingThe National Company Law Tribunal (NCLT) on Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company promoted by Singh brothers -- Malvinder Mohan Singh and Shivinder Mohan Singh.
Nov 14, 2018
IL&FS board chalks out new roadmap to address lenders queries; requests permission to place it before NCLATLenders of IL&FS group opposed the 90-day moratorium over loan repayment by the debt-laden group and its subsidiaries.
Sep 18, 2018
Daiichi Sankyo moves NCLT to stay insolvency plea against RHC Holding initiated by HDFC BankDaiichi Sankyo, which has filed an intervention application in the insolvency plea filed by HDFC Bank, said they have a decree to recover money against RHC Holding.
Sep 17, 2018
Another independent director of Jaypee Infratech resigns; fourth in last one weekJaypee Infratech, which is facing insolvency proceedings, on Monday said that the company's independent director Sham Lal Mohan has resigned citing personal reasons
Sep 12, 2018
Supreme Court asks banks to maintain status quo in insolvency proceedings against power companiesA bench headed by Justice R F Nariman also asked the banks not to file any insolvency cases till November when the apex court would hear the matter.
Aug 10, 2018
Jaypee Infratech case: After Supreme Court washes hands off, homebuyers left in a tight spotIt is not the elevation to the ranks of financial creditor but to the ranks of secured creditors that would have given relief to the hapless homebuyers in the Jaypee Infratech case
Aug 09, 2018
Jaiprakash Associates, Jaypee Infra shares drop after SC asks NCLT to deal with insolvency proceedings against groupIn a setback to the Jaypee group, the Supreme Court on Thursday asked the NCLT, Allahabad, to deal with insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process
Jun 19, 2018
Patanjali seeks more information on rival Adani Group's bid on bankruptcy-bound Ruchi SoyaLast week, Ruchi Soya had in a regulatory filing confirmed that the CoC declared Adani Wilmar as H1 (highest) bidder and Patanjali stood as H2 (second highest).
Mar 21, 2018
UltraTech says some Binani Cement creditors back its $1.1 billion bid outside of bankruptcy processUltraTech said it had secured backing from some creditors of Binani Cement to buy firm for $1.1 billion outside of a bankruptcy process