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Total 24 results found. Search for [ National Company Law Tribunal's ]

Results 1 to 21 of 24
January 4, 2019
The tribunal said that the PNB is a public sector bank and the banks are in crisis and no attempt should be made to block loan amount so as to avoid worsening of positions in the commercial market.

January 4, 2019

December 16, 2018
The NGT set aside the order of the state government to permanently close the Sterlite Copper plant, holding that it was \"non-sustainable\" and \"unjustified\"

December 5, 2018

November 27, 2018

New Delhi, October 17, 2018
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.

Dipak Mondal
New Delhi, September 28, 2018
Anil Kohli, the liquidator appointed by the committee of creditors (CoC), told  Business Today that the efforts are on to liquidate the company.

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

New Delhi, September 7, 2018
The Sunil Mittal-controlled company might snatch back its No. 1 ranking on RMS in the next two-three quarters since VIL is expected to lose ground in the course of its integration process as it conforms to M&A rules.
New Delhi, August 10, 2018
Govt working on turnaround plan for Air India, may allow airlines to raise external commercial borrowingAs the Civil Aviation Ministry plans Rs 11,000-crore bailout package for ailing Air India, Aviation Secretary RN Choubey on Thursday confirmed that the centre is working on a turnaround plan to make the debt-ridden airline competitive. Also, the centre is working on ways to let all airlines raise external commercial borrowing to meet the rising operational costs. The decision se...

August 9, 2018
The Supreme Court today asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of bidding.

August 3, 2018
The court asked RCom to pay Rs 550 crore to Ericsson by October 1. It also directed Anil Ambani to give an undertaking to pay the amount to Ericsson.

New Delhi, July 13, 2018
On July 9, the NCLT had dismissed all petitions filed by Mistry and his family-run firms after a four-month long hearing. The 368-page court order, interestingly, included an instance where Tata Motors missed out on a major order nearly three years back.

May 31, 2018
The stock opened with a gain of 10% today. The stock is down 7.50% during the last one year. It has fallen 48.92% since the beginning of this year.

New Delhi, May 30, 2018
A two-member NCLAT bench also directed the RCom MD to file an undertaking about the settlement amount. Ericsson India would also file an undertaking before the tribunal over the acceptance offer.

New Delhi, May 11, 2018
The stage now seems set for another protracted battle. Atul Daga, chief financial officer, UltraTech Cement, says his company has already approached the RP to hold a CoC meet as early as possible to \"close\" the insolvency resolution process as Dalmia Bharat's allegations were \"baseless\".

Nevin John
New Delhi, May 9, 2018
India-born British industrialist Sanjeev Gupta plans to invest $10 billion (Rs 67,500 crore) in the Indian market in the next couple of years, including for buying bankrupt assets in steel and auto.

New Delhi, April 21, 2018
PricewaterhouseCoopers (PwC) will be the Independent Managing Authority (IMA) for Electrosteel Steels Ltd and will monitor the company till its new promoter, Vedanta Ltd, gets control.
December 13, 2017
On Tuesday, the top court slammed the NCLT for allowing the central government to form 10-member nominee board to initiate the takeover process at a time when the SC is hearing the case. \"We are hearing this matter how can NCLT pass orders. It is disturbing,\" the court had said.
New Delhi, December 12, 2017
The top court has now asked the government to come up with suggestions on protecting interests of home buyers' who had invested their money with the debt-ridden realtor.

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