Page 42 - Nclt

Telecom dept raises objections to Reliance Communications resolution plan

The committee of creditors of Reliance Communication (RCom) approved a resolution plan, which involves lenders receiving Rs 23,000 crore

Tea company McLeod Russel moves to settle debts as promoters reduce stake

Most lenders have agree that debt restructuring is right choice and not auction under insolvency for India's largest bulk tea producer

NCLAT says no to insolvency proceedings against Gujarat Ambuja Exports

Earlier on February 17, 2020, the NCLT had dismissed the plea of Samay Impex to initiate corporate insolvency resolution process (CIRP) against GAEL

NCLAT sets aside NCLT orders approving resolution plan for Ricoh India

The NCLT had also rejected the plea of Kotak Investment Advisors raising objections against the alleged illegalities committed in the conduct of CIRP

As rival sweetens bid, JSW Steel hits hurdle to acquire Asian Colour

Interups offers Rs 2,000 crore in NCLT against JSW's Rs 1,550-cr bid

Tata Sons withheld facts on turning private: Mistry firms tell SC

The SC will hear the petitions filed by both the Mistry family and Tata Group next month

You will see a completely different JSW Steel in 2022: Seshagiri Rao

In April, there was a shutdown for 20 days. So, the results are actually for two months of operations.In May and June, we were profitable at the total-cost level

BS READS: The mystery investor who made a killing in Ruchi Soya

A Delhi-based company put Rs 13 cr for a 5.94% stake in Ruchi Soya soon after it got relisted; today that investment is worth Rs 1,500 crore

NCLT closes insolvency proceedings against V2 Retail after settlement

The NCLT approved the settlement after it perused the averments made in the application, as well as the settlement agreement enclosed with the application and IRP received his expenses

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

NCLAT upholds NCLT order to initiate insolvency proceedings against HDIL

"In view of our finding as aforesaid, no interference is called for against the impugned Order dated August 20, 2019. Therefore, Appeal fails," said the NCLAT bench

India saw nearly Rs 25,000-cr wilful defaulter cases even before lockdown

Nationwide lockdown to contain the pandemic may force more business to default on loans, say analysts

Court battle looms over Asian Colour Coated as bidder plans to move NCLT

RP rejects fresh EoI by Interups Inc, says JSW offer pending with NCLT

Tata Sons a 2-group firm, quasi-partnership between 2 groups: Mistry family

In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.

Relaxed capital-raising norms will help companies stay in survival mode

Sebi's moves towards relaxing capital-raising norms will help companies stay in survival mode and should be the start of many more adjustments

JSW Steel-Bhushan Power buy may hit Enforcement Directorate hurdle

There is no power conferred upon the NCLAT under the Insolvency and Bankruptcy Code (IBC) to interfere with a provisional attachment order, ED said.

CBDT exempts YES Bank investors under reconstruction scheme from income tax

Also exempts shareholders in companies such as IL&FS pursuant to NCLT order, those whose land is being regularised in Delhi

Reliance Naval gets five EoIs from investors, deadline ends Saturday

The US-based fund, Interups, has submitted the EoI, apart from Arcil, APM of Denmark, United Shipbuilding Corp of Russia, and Next Orbit Ventures

NCLT reserves order on SBI plea to recover Rs 1,200 cr from Anil Ambani

In early 2019, Reliance Communications, once the flagship company of the Anil Ambani-led Reliance group, had filed for bankruptcy

Creditors move NCLT; seek bigger claim in Vasan Health Care insolvency case

The petition was filed by some of the creditors, mainly private financiers, seeking more amount of claim to be accepted by the Resolution Professional as part of the process