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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.

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

Targeting NTPC for supplying Bangladesh electricity generated using cheap domestic coal, the Association of Power Producers has written to the government.

NTPC eyes stressed assets under insolvency in NCLT to make deals...

All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even more from secured...

3 March 2019 12:12 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 2 lakh crorebad loans settled, says govt offical

Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and...

1 March 2019 4:14 PM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

RCom withdraws plea against NCLT order allowing bankruptcy proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

30 April 2019 5:49 PM IST

On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur.

Sebi bars Hotel Leelaventure from selling properties to Brookfield...

ITC has also moved the NCLT against Leelaventure alleging 'oppression and mismanagement', and minority shareholder LIC.

24 April 2019 11:34 AM IST

RBI approves proposal of HDFC for holding 9.9 pc stake in Bandhan Bank

The share swap ratio for the merger will be 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.

24 April 2019 8:47 AM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

GAIL emerges as highest bidder for IL&FS wind power plants

The bidding process to these assets having 12 sites spread across seven states was launched in November last year.

23 April 2019 9:32 AM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

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

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.

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

On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur.

NCLT asks Sebi to conclude probe into ITC, LIC allegations against...

Under Section 241 of the Companies Act, 2013, a minimum shareholding of 10 per cent is required to file such cases.

28 May 2019 7:56 PM 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.

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