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NCLAT asks NCLT to take decision on Essar Steel's insolvency case by Jan 31

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

New twist to Essar tale, SBI seeks to sell Rs 15,000 cr bad loans

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

Essar Steel insolvency case: NCLAT asks NCLT Ahmedabad bench to expedite decision

The matter is listed at NCLT Ahmedabad on January 7 for next hearing.

03 Jan 2019 11:41 AM

NCLT helps recover Rs 80,000 crore

In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several stressed assets.

26 Dec 2018 12:57 AM

‘New offer by Essar Steel promoters not maintainable’

Banks and other creditors have total debt exposure of close to Rs 49,000 crore in the company.

29 Nov 2018 11:02 AM

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Insolvency law help address Rs 3 lakh cr stressed assets in 2 yrs: official

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

IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedings

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

kotak, l&t, nbcc, jaypee infratech, expression of interest, nclt

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

GAIL move NCLT seeking rejection of ArcelorMittal bid for Essar Steel

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

Multiple options explored; selling IL&FS as going concern best case scenario: Srinivas

The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.

05 Nov 2018 12:42 PM

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IL&FS may sell financial services, energy arms

Uday Kotak’s lieutenant Raghunath is architect of the revival plan.

22 Oct 2018 9:24 AM

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

09 Oct 2018 5:08 PM

Move gets thumbs up

Markets reacted positively to government’s swift action, according to analysts.

02 Oct 2018 1:55 AM

Govt to ensure liquidity for IL&FS to prevent defaults: Finance Ministry

NCLT allowed the government to take over the board of IL&FS.

01 Oct 2018 6:10 PM

Govt moves NCLT for management change at IL&FS

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

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Bids invited for debt ridden Videocon under insolvency resolution process

State Bank of India had filed separate insolvency proceedings against Videocon.

25 Sep 2018 5:15 PM

Canara Bank drags GTL group to NCLT

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 amends order on Essar Steel, adds Darius Khambata as counsel

NCLAT had ruled that Numetal's Rs 37,000 crore second-round bid for Essar Steel is valid.

17 Sep 2018 3:18 PM

NCLT allows Shivinder to withdraw plea against elder brother Malvinder

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

NPAs rise, Jaitley to meet bank bosses to review scenario

26 banks together – both private and public – reporting gross NPAs of over Rs 7.31lakh crore.

12 Sep 2018 8:54 AM

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