JSW Steel had put in a Rs 19,300-crore bid to take over Bhushan Power and Steel
NCLAT bench slammed the committee of creditors (CoC) of Amtek Auto for issuance of fresh information memorandum inviting new resolution plans.
Lenders ask NCLAT for fresh round of bidding for debt-ridden Amtek Auto as UK-based Liberty House backs out
CoC led by Corporation Bank informed the NCLAT that the second highest bidder Deccan Value Investors LP is also considering to submit a revised offer
NCLAT allows withdrawal of Liberty House bid for ARGL, pulls up UK-based co for not pursuing insolvency resolution process
A two-member bench pulled up Liberty House for not pursuing the corporate insolvency resolution process after being selected as the highest bidder
When contacted, an NCLAT official said that they would take time as they would have to inspect the premise and assess the probable damage.
Insolvency proceedings: Bidders to face jail term, penalty if they pull out from plans to take over stressed firms
Apart from invoking section 74 of the Insolvency and Bankruptcy Code, which provides for a jail term, the government may impose a maximum Rs 1 crore penalty
The acquisition more than doubles Liberty's global metal manufacturing capacity.
Bhushan Power lenders allowed JSW to change parameters of bids, says Tata Steel; CoC went against NCLAT order
Bhushan Steel and Power was among the 12 non-performing accounts referred by the Reserve Bank of India (RBI) for NCLT proceedings.
Bhushan Power & Steel IRP alleges leak of CoC meeting deliberations, says attempts made to sabotage resolution process
Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, sources said
On 6 August, the National Company Law Appellate Tribunal (NCLAT) had extended the deadline for submission of revised bids for Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this
NCLAT extends deadline for submission of revised bids for Bhushan Power & Steel on plea of Tata Steel
Bhushan Power and Steel was among the 12 non-performing accounts referred by RBI for NCLT proceedings.
The NCLAT last month had vacated its stay and asked the CoC to consider resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel.
NCLT approves Liberty House bid for Amtek Auto; total potential recovery by creditors calculated at Rs 4,404 crore
Amtek has a total debt of Rs 12,603 crores and the liquidation value of its assets was determined at Rs 4,119 crores
A two-member bench of the appellate tribunal, headed by Chairman Justice S J Mukhopadhaya, directed the committee of creditors (CoC) to go ahead with the resolution process of Bhushan Power & Steel
JSW Steel to revamp acquisition strategy post recent setbacks, aims to take over smaller plants in India and abroad
JSW Steel, India’s biggest steelmaker in terms of domestic capacity, failed to outbid rival Tata Steel in March for bankrupt steelmaker Bhushan Steel
UK-based Liberty House on Monday approached the National Company Law Appellate Tribunal (NCLAT) against the committee of creditors and resolution professional of Bhushan Power & Steel seeking information on the bid finalisation process of the firm
NCLAT asks Bhushan Power & Steel lenders to proceed with bids submitted by Tata Steel and Liberty House
The NCLAT on Wednesday asked the Committee of Creditors (CoC) of debt-ridden Bhushan Power & Steel to proceed with the bids submitted by Tata Steel
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the creditors of debt-laden Bhushan Power and Steel Ltd, which is facing insolvency proceedings, to consider the bid submitted by UK-based Liberty House
Tata Steel has challenged the 23 April, 2018 order passed by the National Company Law Tribunal (NCLT), which asked the lenders of Bhushan Power & Steel led by PNB, to consider the bid submitted by Liberty House