Liberty House

Showing of 1 - 20 from 27 results
Liberty House - Total results - 27
Despite frauds, JSW Steel Chairman Sajjan Jindal says no plan to exit Bhushan Power & Steel bid
Business

Despite frauds, JSW Steel Chairman Sajjan Jindal says no plan to exit Bhushan Power & Steel bid

JSW Steel had put in a Rs 19,300-crore bid to take over Bhushan Power and Steel

NCLAT asks Amtek Auto lenders to consider the resolution plans submitted by Deccan Value Investors
Business

NCLAT asks Amtek Auto lenders to consider the resolution plans submitted by Deccan Value Investors

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
Business

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
Business

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

NCLAT suspends hearing of cases after fire breaks out inside CGO complex; tribunal to assess damage
Business

NCLAT suspends hearing of cases after fire breaks out inside CGO complex; tribunal to assess damage

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
Business

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

ArcelorMittal signs pact to sell four European steel plants to Liberty House
Business

ArcelorMittal signs pact to sell four European steel plants to Liberty House

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
Business

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
Business

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

Tata Steel, JSW, Liberty House submit bids for debt-ridden Bhushan Power & Steel's assets
Business

Tata Steel, JSW, Liberty House submit bids for debt-ridden Bhushan Power & Steel's assets

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
Business

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.

Bhushan Power & Steel insolvency: NCLAT allows all 3 bidders to submit revised offers by 6 August
Business

Bhushan Power & Steel insolvency: NCLAT allows all 3 bidders to submit revised offers by 6 August

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
Business

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

NCLAT rejects UK-based Liberty House's plea to stay resolution process of Bhushan Power & Steel
Business

NCLAT rejects UK-based Liberty House's plea to stay resolution process of Bhushan Power & Steel

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
Business

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 moves NCLAT, seeks info on bids from Bhushan Power & Steel lenders
Business

UK-based Liberty House moves NCLAT, seeks info on bids from Bhushan Power & Steel lenders

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
Business

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

Company law appellate tribunal asks Bhushan Power & Steel creditors to consider Liberty House bid
Business

Company law appellate tribunal asks Bhushan Power & Steel creditors to consider Liberty House bid

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 moves company law appellate tribunal over Liberty House bid for Bhusan Power & Steel
Business

Tata Steel moves company law appellate tribunal over Liberty House bid for Bhusan Power & Steel

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