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Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of 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 July 2018 12:41 PM IST

Tata Soons interim Chairman Ratan Tata and Cyrus Mistry

Tata vs Mistry: Court dismisses Cyrus Mistry's plea against Tata Sons

On October 24, 2016, Board of Tata Sons had abruptly removed Cyrus Mistry as its chairman and sought his ouster from...

9 July 2018 11:23 AM IST

Tata Sons ousted chairman Cyrus Mistry

NCLT defers order to July 9 in Tata Sons and Cyrus Mistry case

Mistry claimed that his removal was due to a result of mismanagement by the board's trustees.

4 July 2018 5:45 PM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls raising Rs 1 lakh default threshold for invoking IBC:...

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti...

14 Oct 2019 10:18 PM IST

Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

Rs 25,000-cr fund not for projects with cases pending in higher...

Homebuyers can approach banks for loan revival, advised the Governmant.

7 Nov 2019 5:52 PM IST

Karnataka High Court

Karnataka High Court stays insolvency move against Flipkart

The NCLT accepted the petition filed by Mumbai-based CloudWalker Streaming Technologies, an LED TV supplier to Flipkart.

7 Nov 2019 4:45 AM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Expedite decision on fresh EOIs: NCLT to Jet Airways lenders

The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.

19 Dec 2019 7:24 PM IST

Jaypee Infratechs Interim Resolution Professional (IRP) Anuj Jain too favoured voting process for the revised offer.

Jaypee Infra jumps over 9 pc on CoC nod for NBCC bid

Shares of Jaypee Infratech were trading 9.26 per cent higher at Rs 1.77 apiece on the BSE.

18 Dec 2019 12:45 PM IST

the audit work for the quarter ended December 31, 2018 was progressing at a slow pace on account of high employee attrition in the past few months and is yet to conclude. (Photo: Twitter)

Kwality Ltd seeks more time to file results

It said that at the time of initiation of CIRP, the audit work although commenced, but was progressing at a slow pace.

17 Feb 2019 5:17 PM IST

Injeti Srinivas said on Wednesday that the amendments, as and when implemented, would be prospective in nature.

Over 12,000 cases filed since implementation of insolvency law, says...

Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to...

26 March 2019 12:42 PM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider...

"The case is remitted to NCLT, Mumbai to approve the plan..." said NCLAT in its order.

24 March 2019 4:52 PM IST

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.

Ex Essar Steel directors approach NCLT against ArcelorMittal takeover

On Friday, Ahmedabad bench of NCLT had approved the lenders' plan to let global steel giant ArcelorMittal take over...

11 March 2019 5:35 PM IST