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Total 305 results found. Search for [ resolution proceedings ]

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PTI
May 22, 2018



PTI
May 21, 2018



PTI
May 21, 2018



PTI
New Delhi, May 19, 2018
Tata Steel Ltd has won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred to NCLT proceedings last year.


PTI
May 19, 2018



PTI
May 18, 2018



PTI
May 18, 2018



BusinessToday.In
May 18, 2018
The National Company Law Tribunal (NCLT) yesterday came down heavy on the Jaypee Group, accusing Jaiprakash Associates Ltd. (JAL) and its beleaguered subsidiary Jaypee Infratech (JIL) of \"fraudulent\" transactions.


BusinessToday.In
May 18, 2018
The stock has risen 72.71% in two sessions. On Thursday, the stock closed 57 percent higher to 16.55 on BSE. Buying was also seen in other ADAG stocks, with Reliance Naval and Engineering rising 33.07 per cent, Reliance Capital (4.64 per cent) and Reliance Infrastructure (3.21 per cent) yesterday.


PTI
New Delhi, May 17, 2018
ArcelorMittal, the only other bidder to have put in a bid for Essar Steel in the first round in February, however, opposed the opening of the second round of bids and wanted only the first round of bids to be considered.


PTI
May 17, 2018



PTI
New Delhi, May 16, 2018
If the amount is not submitted by June 15, statutory proceedings against Jaypee Infra, which has been facing insolvency proceedings, will begin, said the chief justice bench, which also comprised Justices A M Khanwilkar and D Y Chandrachud.


PTI
May 15, 2018



PTI
May 15, 2018
The National Company Law Appellate Tribunal (NCLAT) made the remarks while hearing an application filed by UltraTech in the Binani Cement insolvency matter.


BusinessToday.In
New Delhi, May 14, 2018
The Sensex closed about 21 points higher today after early gains were erased due to a sell-off by participants ahead of the outcome of Karnataka assembly elections. Disappointing macroeconomic data added to the cautious mood, brokers said. Results of the Karnataka elections will be declared tomorrow, with most exit polls indicating a tight race between the ruling Congress and the BJP.The Sensex, after a better start at 35,555.83, advanced to hit a high of 35,642 amid positive cu...


BusinessToday.In
May 14, 2018
The Sensex, after a better start at 35,555.83, advanced to hit a high of 35,642 amid positive cues from other Asian bourses. However, emergence of selling at every rise wiped off initial gains and the index finally settled 20.92 points, or 0.06 per cent higher at 35,556.


PTI
May 13, 2018



BusinessToday.In
New Delhi, May 11, 2018
Gaur's revival plan includes cash, land parcels, and equity to lenders through instruments, which could cover JIL's outstanding debt of Rs 9,800 crore. This resolution plan is over 25 per cent higher than bid made by Lakshadeep Pvt Ltd under the insolvency proceedings.


BusinessToday.In
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\".


BusinessToday.In
May 8, 2018
The choice facing the Committee of Creditors (CoC) of the beleaguered Jaypee Infratech Ltd (JIL) today is reportedly between a haircut of Rs 230 crore and one of Rs 2,800 crore, and the ball will likely be passed to the Supreme Court.


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