Latest News on National Company Law Tribunal
Showing of 0 - 10 from 145 results
National Company Law Tribunal - Total results - 145
Nov 20, 2018
Kotak Investment, L&T Infrastructure, NBCC among five firms show interest in taking over bankrupt Jaypee InfratechJaypee Infratech's IRP Anuj Jain had in October initiated a fresh initiative to revive Jaypee Infratech on NCLT's direction after lenders rejected over Rs 7,000 crore bid of Suraksha group.
Nov 15, 2018
NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia BharatIn approving UltraTech's resolution plan for Binani, which was auctioned to recover unpaid bank dues, the NCLAT may have set a precedence as it favoured a proposal that not just paid the financial lenders but also operational creditors.
Nov 06, 2018
IL&FS crisis: IndusInd Bank moves NCLAT to recover Rs 25 crore interest to avoid being classified as NPA accountIndusInd Bank is one of the largest lenders to IL&FS group with exposure of over Rs 3,000 crore.
Nov 02, 2018
HCC reports Rs 1,525 cr loss in July-September on impairment charge for Lavasa Corp; total income falls to Rs 994.40 crHCC approved a rights issue of up to Rs 500 crore to strengthen company's financial profile and to refocus its efforts on its core construction and engineering business
Nov 01, 2018
ArcelorMittal Q3 net income declines 25% to $900 million; EBITDA increases 42% to $2.7 billionArcelorMittal had posted net income of $1.2 billion in the year-ago period, the firm said in a statement
Oct 30, 2018
Government considers putting IL&FS up for sale, among other options as it seeks to end company’s debt crisisThe government, in a rare move, took control of IL&FS this month after the company defaulted on some of its debt, triggering fears of contagion across India’s financial system.
Oct 25, 2018
GPI Textiles' resolution professional writes to Essar Steel lenders, wants ArcelorMittal to pay its duesArcelorMittal has reportedly agreed to pay a total of Rs 50,000 crore to acquire Essar Steel
Oct 15, 2018
NCLAT stays insolvency proceedings against cash-strapped IL&FS, group companies till further orderThe appellate tribunal order came over an urgent petition moved by the Ministry of Corporate Affairs after the Mumbai bench of NCLT had turned down its plea for 90 days moratorium over the loans taken by the IL&FS and its subsidiaries.
Oct 05, 2018
IL&FS board was aware about need for capital infusion three and half year ago, says former independent director Jaithirth RaoRao says that IL&FS had approached a Middle East based sovereign wealth fund and also a cash rich Indian group, but both plans didn't work at the end.
Oct 04, 2018
International Finance Corporation moves insolvency plea against infrastructure firm Punj Lloyd at NCLTIFC is seeking recovery of $30 million defaulted by Punj Lloyd.