Page 50 - Nclt

NCLAT refuses to entertain RCom resolution professional, sends him to NCLT

RCom RP had approached NCLAT with plea that Ericsson India refund Rs 577 crore given to it by RCom

Apollo Hospitals to seek shareholders' nod for hiving off pharmacy biz

Front end of the business to go to a separate firm, which will focus on achieving Rs 10,000 cr revenue and 30% ROCE within 5 years

Prashant Jhawar resigns as non-executive director of Usha Martin

Alleges several illegalities and non-compliance of the provisions of law by the directors and management in running the company

Moving NCLT against a builder gone bust may not always work for homebuyers

Homebuyers should keep IBC as the last resort; if the delayed project is without encumbrances, they should explore self-development

Recent CoC decisions raise hopes for the return of errant promoters

Two recent CoC decisions give hope to those who were pushed out of their company's management due to IBC provisions

Govt considers measures to improve financial health of State Trading Corp

The measures, which are under consideration, include provision of adequate time for STC to repay bank loans and sale of immovable assets

JSW Steel files appeal against NCLT order on Bhushan Power resolution plan

Firm seeks immunity from criminal proceedings in ongoing fraud probe against Bhushan Power & Steel, after NCLT disposed of various reliefs sought by JSW from statutory authorities

Govt to banks: Don't use NCLT on daily basis to resolve stressed assets

Anurag Thakur, Minister of State for Finance and Corporate Affairs, assured bankers to take decision to lend to the industry without any fear of 'witch-hunting' in future by any investigative agencies

Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more

From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday

NCLT approves Patanjali's resolution plan for debt-ridden Ruchi Soya

Ruchi Soya owes over Rs 9,345 crore to financial creditors led by SBI

NCLT approves JSW Steel's Rs 19,700-crore bid for Bhushan Power & Steel

Adjudicating authority asks RP of Bhushan Power to redistribute profit made during CIRP among all creditors

JSW Steel's Rs 19,700-crore bid for Bhushan Power & Steel gets NCLT nod

The NCLT also rejected the objections raised by Tata Steel over the bids submitted by JSW and its erstwhile promoters

HC grants interim relief to BSR & Associates, stays proceedings in NCLT

BSR & Associates and Deloitte Haskins & Sells were the erstwhile auditors of IFIN

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

NCLT lets IL&FS sell 7 wind power firms to Japan's Orix for Rs 4,800 cr

Last month, IL&FS had said it would completely exit the wind energy business

NCLT starts insolvency proceedings against realty firm Today Homes Noida

Today Homes Noida Ltd had contended that UP-RERA has extended its timeline till June, 2021 to complete the Ridge Residency housing project in sector 135, Noida

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

Missing the bus… again and again

There is a sincere intent on the part of the policy makers, regulator and the industry to revive the sector. The plans, however, seem to be addressing some aspects and missing in comprehensiveness

Anil Agarwal, Mukesh Ambani join suitors' list for acquiring RCom assets

RCom referred itself to the NCLT for insolvency proceedings after it failed to repay its debt worth Rs 45,000 crore