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National Company Law Appellate Tribunal

NCLAT grants three weeks to Dighi Port promoters to settle creditors' claims

Infrastructure

30 July, 2019

NCLAT grants three weeks to Dighi Port promoters to settle creditors' claims

The National Company Law Appellate Tribunal (NCLAT) has granted three weeks' time to the promoters of debt-ridden Dighi Port Ltd ......

NCLAT stays Dhanuka Labs' takeover of Orchid Pharma on plea by failed suitor

Healthcare

29 July, 2019

NCLAT stays Dhanuka Labs' takeover of Orchid Pharma on plea by failed suitor

An appeals tribunal has stayed a bankruptcy court's approval to the resolution plan of Dhanuka Laboratories Ltd for Orchid Pharma ......

Supreme Court orders status quo on Essar Steel's sale to ArcelorMIttal

Manufacturing

22 July, 2019

Supreme Court orders status quo on Essar Steel's sale to ArcelorMIttal

The Supreme Court on Monday put on hold the sale of debt-laden Essar Steel to ArcelorMittal for Rs 42,000 crore. A ......

Premium
Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

Manufacturing

16 July, 2019

Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

A recent order of an appeals tribunal in a case involving the bankruptcy resolution of Essar Steel India Ltd has ......

Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist

General

15 June, 2019

Stressed assets this week: Amtek Auto starts afresh, Orchid Pharma faces a twist

On June 14, 2017, the Reserve Bank of India asked banks to take the 12 biggest debt defaulters to bankruptcy ......

Jaypee Infratech lenders reject NBCC's takeover offer

Infrastructure

11 June, 2019

Jaypee Infratech lenders reject NBCC's takeover offer

Lenders to Jaypee Infratech Ltd have voted against NBCC (India) Ltd’s revised bid to take over the debt-laden real estate ......

NCLAT okays Maruti Ferrous' modified plan for buying Sunil Ispat

Manufacturing

04 June, 2019

NCLAT okays Maruti Ferrous' modified plan for buying Sunil Ispat

Maruti Ferrous Pvt. Ltd’s plan to acquire bankrupt Sunil Ispat and Power has been okayed by the National Company Law ......

Stressed assets: Jet revival hopes dim; Dighi Port, Maiyas Beverages to get new owners

General

17 May, 2019

Stressed assets: Jet revival hopes dim; Dighi Port, Maiyas Beverages to get new owners

Indian banks are estimated to have recovered almost Rs 70,000 crore from various companies through bankruptcy resolution processes during the ......

Tribunal annuls voting by Jaypee Infratech creditors on NBCC's takeover bid

Infrastructure

17 May, 2019

Tribunal annuls voting by Jaypee Infratech creditors on NBCC's takeover bid

The National Company Law Appellate Tribunal (NCLAT) on Friday annulled voting by Jaypee Infratech Ltd' committee of creditors on state-owned ......

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Manufacturing

07 May, 2019

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Essar Steel India Ltd’s promoter Ruia family has once again challenged global steel giant ArcelorMittal’s bid for the bankrupt local ......