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The National Company Law Appellate Tribunal (NCLAT) on Monday extended the deadline for submission of revised bids for debt-ridden 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 bid for Bhushan Steel

Tata Steel put in a bid of Rs 17,000 crore. Bhushan Power and Steel owes about Rs 45,000 crore to its lenders.

06 Aug 2018 12:54 PM

Mistry approaches NCLAT against his removal from Tata Sons

On July NCLT Mumbai had dismissed pleas of Cyrus Mistry challenging Mistry's removal as Tata Sons.

03 Aug 2018 3:19 PM

Competition Appellate Tribunal, which had on November 22 stayed CCI's direction to pay 10 per cent of the penalty within a month of the order.

NCLAT dismisses cement-makers' plea against Rs 6,700 cr CCI penalty

CCI had imposed the highest penalty of Rs 1,175.49 crore on Aditya Birla group firm UltraTech.

25 Jul 2018 12:50 PM

NCLAT on Friday gave a go-ahead to the lenders' meeting of debt-ridden Bhushan Power & Steel, directing it to finalise a bid for the company.

NCLAT allows lenders to meet and finalise Bhushan Power bid

Vacating its earlier stay, the appellate tribunal has directed the CoC of the company to consider the resolution plans.

20 Jul 2018 12:41 PM

Reliance Infratel and its minority shareholder HSBC Daisy Investments (Mauritius) on Friday submitted final consent terms of their settlement before NCLAT over sale of tower and fibre asset. (Photo: PTI)

Reliance Infratel, HSBC Daisy submit settlement agreement before NCLAT

The consent term between the parties was signed on June 15, 2018, informed senior advocate Salman Khursheed.

29 Jun 2018 1:21 PM

Investment from VSL in ESL shall be done through a combination of equity of Rs 1,765 crore and inter-corporate loan of Rs 3,555 crore.

Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account

The company has acquired control over ESL and a new board of directors has been put in place.

05 Jun 2018 9:39 AM

Shares of Reliance Communications (RCom) on Thursday surged 20 per cent, a day after NCLAT stayed bankruptcy proceedings against the company. (Photo: PTI)

RCom shares in demand after NCLAT stays bankruptcy proceedings

The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.

31 May 2018 1:33 PM

The settlement potentially paves way for the Anil Ambani-controlled telecom operator to sell its wireless assets including mobile masts and airwaves to Reliance Jio.

RCom, Ericsson reach settlement on outstanding dues

NCLAT has asked RCom to pay Ericsson 5.5 billion rupees by end-September as part of the settlement.

30 May 2018 5:10 PM

On May 17, NCLAT admitted the petition of Renaissance Steel challenging Vedanta's bid for debt-ridden Electrosteel.

NCLAT allows Vedanta to make upfront payment of Rs 5,320 cr for Electrosteel

Electrosteel owes lenders more than Rs 13,000 crore, of which about Rs 5,000 crore is to State Bank of India alone.

30 May 2018 2:58 PM

Tata Steel offered Rs 35,200 crore in cash to acquire Bhushan Steel. It would pay another Rs 1,200 crore over next 12 months to creditors and convert the remaining debt owed to banks to equity.

NCLAT asks Tata Steel if it will pay dues of Bhushan Steel

Bhushan Steel owed its lenders about Rs 56,000 crore and was among the 12 big loan defaulters identified by the Reserve Bank of India.

30 May 2018 1:58 PM

Reliance Infratel on Tuesday withdrew its petition from the National Company Law Appellate Tribunal seeking permission to sell its tower and fibre assets.

Reliance Infratel withdraws petition for permission of asset sales

The RCom group firm's petition was also backed by public sector lender SBI at NCLAT.

29 May 2018 5:48 PM

The National Company Law Appellate Tribunal (NCLAT) would hear the appeals filed by Essar Steel resolution applicants - NuMetal and Arcelor Mittal on Wednesday.

NCLAT to hear ArcelorMittal, NuMetal pleas tomorrow

NCLAT had ordered status quo on insolvency of Essar Steel for two months.

29 May 2018 2:10 PM

NCLAT bench headed by Chairman Justice S J Mukhopadhaya suggested settlement between parties.

RCom offers Rs 500 cr to Ericsson, NCLAT for amicable settlement

The tribunal has listed for tomorrow the hearing of interim prayer of RCom to stay the NCLT order.

29 May 2018 1:39 PM

Vedanta Ltd on Monday asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt ridden Electrosteel Steel.

Vedanta asks NCLAT to lift stay over Electrosteel sale status quo

Renaissance has submitted before NCLAT that Vedanta is not eligible to bid for Electrosteel under section 29 A.

28 May 2018 5:25 PM

The NCLAT will hear on Tuesday the plea of Reliance Communications which has challenged NCLT's decision to start insolvency proceedings against it on a petition by Swedish telecom equipment major Ericsson. (Photo: PTI)

RCom plea against insolvency to be heard by NCLAT on Tuesday

Ericsson had alleged that it had not been paid the dues.

28 May 2018 1:52 PM

The corporate insolvency resolution process of Essar Steel commenced on August 2.

Lenders move NCLAT for early hearing in Essar Steel case

The NCLAT had on May 22 ordered hearing on the appeals on a daily basis from July 23-26.

25 May 2018 3:37 PM

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

NCLAT asks resolution professional, NCLT to hold order on Essar Steel

NCLAT would conduct daily hearing from July 23 on the matter.

22 May 2018 4:04 PM

Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.

RCom moves NCLAT challenging order allowing plea for its insolvency

Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecom network.

22 May 2018 2:14 PM

Committee of Creditors had approved the Rs 32,500 crore deal along with 12.27 per cent equity in the company offered by Tata Steel.

NCLAT declines to stay Bhushan Steel sale to Tata Steel

On May 15, NCLT had approved the resolution plan submitted by the RP of Bhushan Steel.

21 May 2018 12:27 PM

Binani Industries, which holds 98.4 per cent share in debt ridden Binani Cement, on Wednesday offered to clear the 100 per cent claims of creditors at the National Company Law Appellate Tribunal.

Binani Industries offers to pay 100 pc claims of debtors

Counsel appearing for Binani Industries said the settling of the creditors' claims will bring the company out of insolvency proceedings.

16 May 2018 12:58 PM

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Sanjeev Ahluwalia