National Company Law Tribunal
TMT
RCom slumps 54% to all-time low after approaching bankruptcy court
Reliance Communications Ltd (RCom) shares plunged by more than half to a record low on Monday, after the Indian telco said ......
Finance
Focusing on sale of NPAs rather than insolvency process: Dena Bank CEO
Dena Bank, one of the weakest public-sector lenders, has posted losses for three financial years in a row, and is ......
Manufacturing
NCLT rejects Ruias' loan settlement offer for Essar Steel
The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......
Finance
KKR's Sanjay Nayar on outlook for 2019 and why it is betting big on credit biz
In November 2008, KKR & Co. hired Sanjay Nayar to set up and head its India operations, which formally began ......
General
JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate
JSW Steel and undisclosed foreign investors have agreed to support the Ruia family in its effort to win back control ......
Economy
Banks likely to recover bad loans worth $10 bn by March-end: Finance minister
Indian banks are likely to recover Rs 70,000 crore ($9.95 billion) of bad loans by the end of March, helped ......
Finance
Flashback 2018: Stressed assets pain eases as bad loan clean-up gains momentum
Two years ago, in December 2016, the Insolvency and Bankruptcy Code (IBC) came into effect. While the new bankruptcy law ......
General
Fairfax may sell stake in ICICI Lombard; Sequoia may back ed-tech firm Eruditus
Fairfax, which is controlled by investor Prem Watsa, known as the “Warren Buffett of Canada”, is considering reducing its stake ......
Manufacturing
NCLAT clears UltraTech's bid for Binani Cement
An Indian tribunal has ruled that UltraTech Cement Ltd’s more than $1 billion bid for the cement unit of Binani ......
Finance
IL&FS board outlines revival plans, rolls out austerity measures
The new board of Infrastructure Leasing and Financial Services Ltd (IL&FS) submitted three rescue options to the bankruptcy tribunal on ......
