Page 59 - Ishita Ayan Dutt

SC upholds validity of Insolvency and Bankruptcy Code in its entirety

The companies like Swiss Ribbons, Shivam Water Treaters, and Ganesh Prasad Pandey, an individual petitioner, had challenged various provisions of the IBC, such as Sections 7, 12 and 29

Maharashtra Seamless again shows interest to buy Adhunik Metaliks

According to Liberty, the outcome of the MSTC would have a material impact on the case being heard in the NCLT

ArcelorMittal, JSW Steel and Essar Steel continue slugfest over Essar bid

Essar's statement comes a day after Sajjan Jindal's interview in Davos to BloombergQuint in which he backed the settlement proposal made by the promoter family

JSW Steel might not be 'done and dusted' with insolvent Essar Steel

It appears there are certain parties in India who would like to see that the IBC is not implemented according to the law

RP-Sanjiv Goenka group eyes turnover of Rs 40,000 crore in the next 5 years

Group turnover to be Rs 40K cr in five years from the present level of Rs 26K cr

SBI in talks with PEs, hedge funds to sell Rs 15,431-crore Essar loan

According to the list of financial creditors as of October 2018, SC Lowy Primary Investments has an exposure of about Rs 900 cr in Essar Steel on account of loans assigned by HDFC Bank and Axis Bank

Duracell & Energizer eyeing partnership or buyout of Eveready biz: Sources

The sources indicated that Eveready was expecting an enterprise valuation of around Rs 5,000 crore

CoC to decide on ArcelorMittal, Royale revised bids for EPC Constructions

Lenders were also interested in equity infusion apart from the upfront payment

ArcelorMittal, JSW Steel likely to bid for Asian Colour Coated Ispat

JSW has an aggressive expansion plan and is on the lookout for smaller downstream units

7 firms in a fix after bidders fail to implement resolution plan under IBC

Non-serious bidders are a cause for concern, but delays have been as much a worry for time-bound resolution of stressed assets under the IBC

Jindal Stainless eyes 20% growth in topline in the next 12 months

 Jindal Stainless' major competition is from imports, Vijay Sharma, head of sales said

Ready to pay for Adhunik Metaliks bid, Liberty House tells NCLT

The Liberty House counsel brought to the attention of the NCLT that the MSTC issues were pending, which would have a material bearing on the present matter

Deleveraging is an enterprise priority for Tata Steel: Koushik Chatterjee

Bhushan Steel fundamentally is a good asset. Our integration process is on course, says Tata Steel CFO Koushik Chatterjee

CoC, RP faced with grey areas in IBC as bidders hold-up plan implementation

At least seven resolutions at stake as bidders raise issues

Steel firms may drop prices of flat products by up to Rs 1,500 a tonne

Demand factor in India hasn't changed but it's the global phenomenon taking its toll on India

Insolvency and Bankruptcy Code: Firms cope with changing landscape

The borrowing and lending culture in the country appears to have changed for good

Amazon bids $400 mn for stake in Spencer's; deal stuck at valuation stage

Sources pointed to the fact that Spencer's was in talks with multiple players including Alibaba

Alibaba in talks to purchase a minority stake in Spencer's Retail

Spencer's was already in talks with Amazon. Both options were open, sources say

Battle for Essar Steel: Russia's VTB moves Supreme Court for solo bid

If VTB is allowed to bid solo, then it could be absolved from paying the dues on account of Numetal

ArcelorMittal in talks with lenders on payment of dues as deadline looms

The Supreme Court had on October 4 granted time to ArcelorMittal and Numetal to clear dues for NPAs to be eligible to bid for Essar Steel