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Total 321 results found. Search for [ bankruptcy tribunal ]

Results 160 to 180 of 321
Nevin John
New Delhi, April 2, 2018
JSW Steel and Tata Steel are fighting to claim the top slot by building new capacities and scooping up sick assets.


BusinessToday.In
New Delhi, March 31, 2018
Anil Agarwal group-owned Vedanta today said it has won the bid to acquire bankrupt Electrosteel Steels Ltd in an insolvency auction. The company had offered a bid of Rs 5,000 crore for the steelmaker company awaiting resolution.


Nevin John
New Delhi, March 29, 2018
ArcelorMittal, one of the two bidders who had submitted the bid in the first round, says it doesn't mind fresh bids.


PTI
March 28, 2018



PTI
March 27, 2018



Mail Today Bureau
March 27, 2018
The SBI-led consortium of banks had on March 21 rejected the bids by Numetal and ArcelorMittal for Essar Steel on the ground that they were ineligible under the provisions of the amended Insolvency and Bankruptcy Code.


Anand Adhikari
March 26, 2018
The NCLT is a quasi-judicial body that adjudicates all the cases related to Indian companies and also the bankruptcy cases. There are already more than 600 bankruptcy cases where there is a time bound mechanism of 180 days (maximum 270 days) to restructure a case or approve liquidation of the company.


BusinessToday.In
March 25, 2018
In a bid to recover its dues from celebrity jeweller Nirav Modi, the Punjab National Bank (PNB) is planning to stake its claim in the bankruptcy proceedings of Firestar Diamond. The fugitive diamantaire has been accused of defrauding the public sector bank of over Rs 13,000 crore.


PTI
March 24, 2018



BusinessToday.In
March 23, 2018
Judging by recent developments in the insolvency journey of Binani Cement, one may think that go-ahead from a stressed asset's Committee of Creditors (CoC) does not mean much. But Tata Steel might have better luck in its attempt to acquire the debt-laden Bhushan Steel Ltd under the Insolvency and Bankruptcy Code.


Mail Today Bureau
March 22, 2018
Numetal and ArcelorMittal, the only two bidders for Essar Steel, were found to be ineligible under Section 29 A of the amended IBC which bars promoters of defaulting firms and also related parties from buying out stressed assets being put up for auction to recover bad loans of banks.


PTI
March 21, 2018



Nevin John
New Delhi, March 20, 2018
In another case, UK-based Liberty House challenged the decision of the Insolvency Resolution Professional (IRP), who rejected its bid to acquire Bhushan Power and Steel without opening its sealed offer.


PTI
March 20, 2018
In the twists that started Monday morning, Ultratech gave a \"comfort letter\" to Binani Cements earlier this morning offering Rs 7,266 crore for a 98.43 per cent stake, which will bail the crippled company out. The offer is contingent on the resolution case moving out of the NCLT.


BusinessToday.in
New Delhi, March 19, 2018
Binani Cement's journey towards insolvency resolution can be summed up as one step forward, two new speed-breakers ahead.


PTI
New Delhi, March 16, 2018
Numetal, an SPV floated by the PE arm of Russian lender VTB Bank andRewant Ruia, a Ruia family member, has claimed that its bid for EssarSteel has \"solid legal backing\" and if need be, \"the other shareholderswill buy out Rewant's\" 25 per cent stake in the company


BusinessToday.In
New Delhi, March 15, 2018
The Dalmia Bharat-Bain Piramal Resurgence Fund consortium moved a step closer towards acquiring Binani Cement.


Nevin John
New Delhi, March 13, 2018
The lenders and the National Company Law Tribunal (NCLT) await theBombay High Court's green signal to start insolvency proceedingsagainst Videocon Industries, while chairman Venugopal Dhoot and histeam scout for buyers for the group's overseas hydrocarbon assets.


Prosenjit Datta
New Delhi, March 13, 2018
As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline for resolution


PTI
March 10, 2018



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