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Jaypee Infra insolvency: Creditors' meet on May 30 to discuss NBCC bid

At present, bankers and NBCC are negotiating on the latter's bid to acquire Jaypee Infratech.

26 May 2019 1:56 PM

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

Essar Steel has reported an Ebitda of around Rs 4,000 crore during the over 600 days of insolvency period.

21 May 2019 5:22 PM

NCLAT to hear online vendors' plea against CCI order on Flipkart

NCLAT has also approved the delay of 12 days in filing appeal against the order of the CCI.

21 May 2019 1:13 PM

ArcelorMittal to pay Rs 42K cr for Essar Steel takeover: Co tells NCLAT

Senior advocate Harish Salve appearing for ArcelorMittal accused Ruias of creating hurdles in Essar Steel resolution process.

20 May 2019 5:18 PM

Essar Steel reports Rs 4,229 crore EBITDA during insolvency period

The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal.

19 May 2019 12:43 PM

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NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

The NCLAT also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.

17 May 2019 2:24 PM

ArcelorMittal resolution plan violative of IB Code: Ruia to NCLAT

Essar Steel submitted before the NCLAT that the resolution plan moved by ArcelorMittal is in violation of the IBC.

16 May 2019 8:39 AM

Jaypee Committee of Creditors decides to vote on NBCC bid

Bankers who participated in the CoC meet here opposed putting the NBCC's bid to vote and pitched for further negotiations.

15 May 2019 2:01 AM

RBI follows tribunal dictat on IL&FS loans

RBI allowed banks to treat exposure to IL&FS and its group entities as non-performing assets following the NCLAT order.

09 May 2019 2:24 AM

Essar Steel shareholder seeks rejection of ArcelorMittal bid for company

Essar Steel shareholder ESAHL said ArcelorMittal India Ltd and its promoter Lakshmi Mittal had 'misled' Supreme Court.

07 May 2019 3:12 PM

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NCLAT allows banks to declare defaulting ILFS accounts as NPAs

NCLAT has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.

02 May 2019 4:55 PM

Shakambhari Ispat takes over SPS Steels

SIPL had earlier been headed by Vipin Vora of SPS Group, which once claimed to have a turnover of Rs 5,000 crore.

01 May 2019 2:04 AM

RCom: NCLAT allows insolvency proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

01 May 2019 1:55 AM

RCom withdraws plea against NCLT order allowing bankruptcy proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

30 Apr 2019 5:49 PM

Essar Steel posts EBITDA of Rs 2,000 crore, may use funds to repay creditors

The CoC had challenged the orders of the NCLAT of March 18 and March 20 before the Supreme Court by filing an SLP.

29 Apr 2019 1:48 PM

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RBI asks banks to disclose IL&FS provisions in Q4 accounts

RBI has asked banks to disclose the IL&FS and group entities exposure in the notes to accounts in a standard proforma.

25 Apr 2019 9:02 AM

Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT

The NCLAT would continue the hearing in the matter on Wednersday.

24 Apr 2019 8:44 AM

NCLAT seeks Anil Ambani's reply on HSBC Daisy's plea over non-payment of dues

NCLAT has directed that the matter be listed on May 20, 2019 for admission.

17 Apr 2019 1:18 PM

Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 Apr 2019 8:53 AM

Creditors recover nearly half of total claims in 88 insolvency cases

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.

15 Apr 2019 2:02 PM

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