National Company Law Tribunal
General
JSW may back Ruias for Essar Steel bid; Blackstone, Xander eye VG Siddhartha's estate
The Ruia family, in an effort to win back control of Essar Steel Ltd, has offered to repay Rs 54,389 ......
Economy
Banks likely to recover bad loans worth $10 bn by March-end: Finance minister
India's Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 700 billion rupees ($9.95 billion)...
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), led by Kotak Mahindra Bank chief executive Uday...
Manufacturing
Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid
The committee of creditors of debt-laden Essar Steel India Ltd has chosen ArcelorMittal SA and Japan's Nippon Steel &...
Manufacturing
Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal
Essar Steel Ltd’s promoter Ruia family has offered to pay Rs 54,389 crore ($7.4 billion) to the company's creditors...
Consumer
KKR starts bankruptcy proceedings against dairy company Kwality
A non-banking finance unit of global private equity giant KKR & Co. has dragged Kwality Ltd to bankruptcy court, the ......
Manufacturing
ArcelorMittal raises bid for Essar Steel as bankruptcy battle heats up
Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and...
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