A two-member bench of NCLAT, headed by Chairman Justice S J Mukhopadhaya, approved UltraTech's resolution plan

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.

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.

The bench said that Ericsson can revive its contempt plea against Reliance if the settlement amount is not paid by December 15.

The billionaire brothers Cyrus and Shapoor Mistry have announced formation of Mistry Ventures LLP to incubate and fund the startup ecosystem.

This low realisation rate is largely on account of companies involved in such matters, challenging CCI orders in various judicial forums and the cases being stuck at various stages of litigation.

IL&FS says investment banking firms Arpwood Capital and JM Financial have been appointed as the financial and transaction advisors to guide the new board on solutions for resolution for the crisis-burdened IL&FS.

Of the total amount of Rs 4,500 crore, the amount calculated for Uttam Galva is Rs 3,987 crore and Rs 567 crore for KSS Petron, however this does not include the penal interest or other charges.