NCLT to pass an order on insolvency resolution plan submitted by Essar Steel's RP, in which ArcelorMittal emerged as the highest bidder.
23 Jan 2019 11:56 AM
SBI has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.
17 Jan 2019 10:51 AM
The matter is listed at NCLT Ahmedabad on January 7 for next hearing.
03 Jan 2019 11:41 AM
In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several stressed assets.
26 Dec 2018 12:57 AM
Banks and other creditors have total debt exposure of close to Rs 49,000 crore in the company.
29 Nov 2018 11:02 AM
Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting settled.
24 Nov 2018 4:01 PM
The company requested BSE not to take action against it for the delay in submission of September quarter financial results.
22 Nov 2018 12:53 PM
JIL has an outstanding debt of nearly Rs 9,800 crore, of which Rs 4,334 crore pertains to IDBI.
20 Nov 2018 6:16 PM
Operational creditors, under the plan, are to get just Rs 214 crore against the outstanding of Rs 4,976 crore.
19 Nov 2018 1:50 PM
The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.
05 Nov 2018 12:42 PM
Uday Kotak’s lieutenant Raghunath is architect of the revival plan.
22 Oct 2018 9:24 AM
Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.
09 Oct 2018 5:08 PM
Markets reacted positively to government’s swift action, according to analysts.
02 Oct 2018 1:55 AM
NCLT allowed the government to take over the board of IL&FS.
01 Oct 2018 6:10 PM
IL&FS, where LIC is the largest shareholder with 25.34 per cent stake, has a debt burden of over Rs 90,000 crore.
01 Oct 2018 12:43 PM
State Bank of India had filed separate insolvency proceedings against Videocon.
25 Sep 2018 5:15 PM
GTL has defaulted on Rs 459 crore loans from the bank, GTL Infrastructure owes Rs 541 crore to the lender.
25 Sep 2018 1:15 PM
NCLAT had ruled that Numetal's Rs 37,000 crore second-round bid for Essar Steel is valid.
17 Sep 2018 3:18 PM
A two-member bench of NCLT headed by its Chairman Justice M M Kumar on Friday allowed Shivinder to withdraw his plea.
14 Sep 2018 2:24 PM
26 banks together – both private and public – reporting gross NPAs of over Rs 7.31lakh crore.
12 Sep 2018 8:54 AM