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Total 52 results found. Search for [ IBC deadline ]

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PTI
March 11, 2019
Ruia has challenged the orders of the Ahmedabad bench of the National Company Law Tribunal (NCLT), which on Friday approved the Rs 42,000-crore takeover plan of Essar Steel by ArcelorMittal.


PTI
March 11, 2019



Nevin John
February 19, 2019
Of the 1484 companies admitted for resolution under IBC, 612 are from the broader manufacturing sector, which includes metals, textiles, food and beverages and machinery and equipment.


PTI
February 15, 2019
While the value of the bids by NBCC and Suraksha grouo could not be ascertained, two other shortlisted players - Kotak Investment and Cube Highways - did not submit bids.


PTI
New Delhi, January 30, 2019
The Ahmedabad bench comprising adjudicating authority Manorama Kumari and Harihar Prakash Chaturvedi said the Rs 54,389-crore bid by Essar Steel Asia Holding, which is much higher than the winning bid by ArcelorMittal's Rs 42,000 crore, is not maintainable as the only way to make a proposal is through Section 12A.


PTI
January 24, 2019



PTI
January 23, 2019



PTI
January 22, 2019



PTI
New Delhi, December 25, 2018
In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several high-profile cases, which include Essar Steel, Bhushan Power and Steel, Videocon Group, Monnet Ispat, Amtek Auto, Ruchi Soya, Lanco Infratech, Jaypee Infratech among others.


PTI
December 25, 2018



Anand Adhikari
New Delhi, December 20, 2018
There are many ideas that are under implementation and discussion to support the new code.


Nevin John
New Delhi, November 13, 2018
Of the 1198 bankrupt companies admitted for resolution, just 52 are being sold until September end. The liquidation process has started in 212 cases. There are 816 cases pending for resolution.


BusinessToday.In
New Delhi, November 13, 2018
Only four of these cases have been successfully resolved so far, while seven cases remain unresolved even after more than 450 days of being admitted by the NCLT.


BusinessToday.in
New Delhi, October 4, 2018
The Supreme Court allowed ArcelorMittal and Numetal to submit fresh bids for Essar Steel provided they clear their NPA dues in two weeks.


BusinessToday.In
September 12, 2018
Defaulting companies in the power sector as well as some sugar, shipping and textile companies that had seemed destined for bankruptcy court under the RBI's new norms on stressed assets got a last-minute breather from the Supreme Court yesterday.


BusinessToday.In
New Delhi, September 11, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round


BusinessToday.In
New Delhi, September 7, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party.


Anand Adhikari
New Delhi, August 6, 2018
It has not given bankers the realisations they had hoped for. Now the government has unveiled a new approach even while they are modifying the act.


BusinessToday.In
New Delhi, July 25, 2018
A Boston Consulting Group report reveals that economies like US, UK, Singapore, Hong Kong, Germany and Japan have a recovery rate of 80% and a resolution time frame of under one-and-half years. India has posted a sub-par recovery rate of 26.4% and an average resolution time of 4.3 years.


Nevin John
New Delhi, June 16, 2018
Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.


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