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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.

Business

Essar: NCLT clears ArcelorMittal's bid

Clearing ArcelorMittal's bid, NCLT said that it cannot impose judicial view over banks' wisdom.

9 March 2019 1:06 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.

Business

ITC moves NCLT against Leelaventure

The Mumbai bench of the National Company Law Tribunal posted the matter for hearing on Wednesday.

24 April 2019 1:18 AM IST

Business

SC ruling does not disturb creditors' rights to insolvency...

In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself,...

7 April 2019 6:51 PM IST

Economic Affairs Secretary Shaktikanta Das

Business

SC ruling: RBI to come out with fresh circular on resolution of bad...

Supreme Court had on Tuesday quashed RBI circular that pertains to provisions for referring the defaulter to NCLT.

4 April 2019 1:06 PM IST

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.

Business

Jaypee Infra insolvency: Creditors decide to vote on NBCC bid from...

As many as 13 banks and over 23,000 home buyers have voting rights in CoC. Buyers have nearly 60 per cent votes.

30 May 2019 3:03 PM IST

Business

NCLT dismisses ICICI insolvency plea against Hyderabad Ring Road...

NCLT made an observation that there was 'duplicacy of the claims' of ICICI.

27 May 2019 7:35 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airline

The debt-laden company became went into bankruptcy on June 20.

28 Jun 2019 5:06 PM IST

Business

NCLT admits bankruptcy plea against Jet Air

The first status report will have to be filed by July 5.

21 Jun 2019 3:23 AM IST

Business

Unprecedented rally in Jet Airways shares; zoom over 122 pc

At the NSE, shares rose by 122.20 per cent to close at Rs 73.55.

20 Jun 2019 6:57 PM 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)

Business

Jet Airways shares bounce back; zoom 19 per cent

In the last 13 trading days, shares of Jet Airways have tumbled 78 per cent.

20 Jun 2019 12:57 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

Enforcement actions have generated 'lot of soul searching' at cos:...

In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS...

12 Aug 2019 5:40 PM IST

Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Business

Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

12 Aug 2019 5:06 PM IST