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Ousted chairman Cyrus P Mistry

NCLT rejects Mistry's transfer plea, imposes Rs 10 lakh cost

Mistry's lawyer had argued they are being asked to go to a forum where they have already gone in past.

6 Oct 2017 11:38 AM IST

Supreme Court of India (Photo: PTI)

Relief to flat-buyers as SC puts breaks on Jaypee's insolvency

Top court stays NCLT insolvency order against Jaypee Infratech.

5 Sept 2017 1:45 AM IST

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS: Emerging India's very own robber baron'

The new management has been quick to reassure investors that the value in IL&FS shares will not be allowed to be eroded.

9 Oct 2018 12:21 AM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Fearing gloom, govt takes over debt-hit IL&FS

This is the third time in less than 10 years that the government has been forced to step in and supersede the board of a...

2 Oct 2018 1:37 AM IST

Kanpur-based company Rotomac Pens owner Vikram Kothari had taken a loan of more than Rs 800 crore from over five state-owned banks, including Allahabad Bank, Bank of India and Union Bank of India. (Photo: Facebook)

CBI grills Rotomac owners over Rs 3,695-crore loan default

According to sources Mr Kothari and his son was questioned at length by the agency sleuths on Wednesday.

22 Feb 2018 2:24 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Promoters may be allowed to bid

The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.

25 April 2018 3:00 AM IST

Reliance Industries Limited

RIL, JM Financial bid to acquire Alok Industries rejected

The consortium of lenders, led by SBI, is claiming dues of over Rs 23,000 crore from Alok Industries.

15 April 2018 7:05 PM IST

According to the World Steel Association, India produced 8.4 million tonnes of crude steel in February 2018, up 3.4 per cent over February 2017.

India overtakes Japan to become world's second largest crude steel...

At present, China is the largest producer of crude steel in the world, accounting for more than 50 per cent of the...

5 April 2018 9:42 AM IST

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt plans to have more National Company Law Tribunal benches

A case is admitted for resolution under the Code only after approval from the NCLT.

4 April 2018 8:03 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI examines pending insolvency cases in Board meeting

ICICI Bank examined insolvency cases pending before the NCLT under the Insolvency and Bankruptcy Code, 2016.

2 April 2018 5:37 PM IST

Bharti Infratel Q4 net profit rises 2 pc to Rs 606 cr Mobile tower firm Bharti Infratel today posted a 2 per cent rise in consolidated net profit at Rs 606 crore for the fourth quarter ended March 2018.

Bharti Infratel, Indus Tower merger deal gets clearance from SEBI

It will now approach National Company Law Tribunal for its approval, the company said.

25 July 2018 3:18 PM IST

Tata group Chairman Emeritus Ratan Tata on Monday asked employees of Tata Motors to plan on becoming leaders again.

Plea seeks reversal of NCLT order on Tata

The petition has sought interim relief in the form of restricting the conversion process.

23 July 2018 2:17 AM IST