NCLAT suspends hearing of cases after fire breaks out inside CGO complex; tribunal to assess damage
• 6 years agoWhen 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
Fp Staff • 6 years agoApart 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
• 6 years agoThe 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
• 7 years agoBhushan 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
• 7 years agoTata 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
• 7 years agoOn 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
• 7 years agoBhushan 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
• 7 years agoThe 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.
'Bhushan Power rebid process violates NCLAT orders, IBC'; final bids to be submitted today
• 7 years agoNCLT approves Liberty House bid for Amtek Auto; total potential recovery by creditors calculated at Rs 4,404 crore
• 7 years agoAmtek has a total debt of Rs 12,603 crores and the liquidation value of its assets was determined at Rs 4,119 crores