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Total 510 results found. Search for [ NCLAT ]

Results 1 to 21 of 510
PTI
New Delhi, December 14, 2019
ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday; after the payment to the lenders, this will be the single-biggest recovery under the IBC


BusinessToday.In
New Delhi, December 13, 2019
Shares of UCO Bank and Corporation Bank rallied up to 18 per cent in early deals on Friday amid reports that creditors to the bankrupt firm would receive payment soon


BusinessToday.In
December 9, 2019
Amendment to IBC: The cabinet is expected to approve significant changes to the insolvency and bankruptcy code (IBC) at the earliest to safeguard the companies taking over the broke businesses from prosecution for financial crimes by the outgoing promoters


PTI
December 7, 2019
As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors. For a bid to be approved, 66 per cent votes are required


PTI
New Delhi, December 7, 2019
As against the admitted claims of secured financial creditors of Rs 9,783 crore, Suraksha and NBCC are offering repayment of only 62 per cent of their outstanding dues despite the liquidation value of the company being around Rs 13,000 crore


PTI
December 3, 2019
Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium


Dipak Mondal
New Delhi, November 25, 2019
The court reiterated that in IBC, it is the CoC which has the ultimate authority over the matter concerning distribution of resolution proceeds


Dipak Mondal
New Delhi, November 25, 2019
Irrespective of resolutions, companies going through the insolvency process are seeing large number of direct and indirect job losses


PTI
New Delhi, November 25, 2019
This will help make the insolvency process more attractive for the bidders and instil confidence in them


PTI
November 23, 2019
P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors (CoC)


PTI
November 23, 2019
Former Bhushan Power and Steel Ltd CMD Sanjay Singal was arrested by the ED on Friday and charged under the Prevention of Money Laundering Act (PMLA) after being questioned in connection with the case


Hari Hara Mishra
November 21, 2019
The Essar verdict not only gives the single largest realisation from any asset to financial creditors, qualitatively also this is the biggest for the financial sector in getting their due rights and primacy in the scheme of things


PTI
November 20, 2019
A three-member NCLAT bench, headed by Chairperson Justice S J Mukhopadhaya, said a secured creditor cannot dissent with the resolution plan just to get more funds than other creditors and claim preference over other creditors


PTI
November 19, 2019
After completion, ArcelorMittal will jointly own and operate ESIL in partnership with Nippon Steel Corporation, Japan's largest steel producer


Nevin John
November 16, 2019
The new management of Essar Steel may be headed by Aditya Mittal, who is the President and Chief Financial Officer of ArcelorMittal. He is also the CEO of ArcelorMittal Europe


Dipak Mondal
November 15, 2019
The apex court reversed the order of NCLAT and reiterated that the secured financial creditors have primacy over operational creditors


BusinessToday.In
New Delhi, November 15, 2019
Funds managed by Blackstone have invested Rs 1,750 crore in Ryka Commercial Ventures, the holding company of Future Lifestyle Fashion, through debentures


PTI
New Delhi, November 15, 2019
Kumar said India's pledges of contributions for operational activities of development for the year 2020 is to the tune of USD 13.5 million, in line with the country's long-standing tradition of supporting development activities across the UN system


BusinessToday.In
New Delhi, November 15, 2019
Essar Steel case: The court stated that the NCLAT cannot interfere with the committee of creditors' commercial decisions


Dipak Mondal
New Delhi, November 8, 2019
So far IVRCL got 'expression of interest' from two parties, while a third one may also be interested, says liquidator Sutanu Sinha. The NCLAT that has put a stay on the sale of assets of the company will be hearing the case on November 18


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