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Dighi Port promoter to move SC as appeals tribunal okays Adani takeover plan

Infrastructure

29 July, 2020

Dighi Port promoter to move SC as appeals tribunal okays Adani takeover plan

Adani group firm has received clearance from a bankruptcy appeals tribunal to acquire Dighi Port Ltd, whose promoter now plans ......

Ansal Properties asks appeals tribunal to reverse insolvency proceedings verdict

Infrastructure

20 March, 2020

Ansal Properties asks appeals tribunal to reverse insolvency proceedings verdict

Ansal Properties and Infrastructure Ltd has said it has challenged the initiation of insolvency proceedings in an appeals tribunal. The move ......

JSW Steel's purchase of Bhushan Power suspended, pending probe into ex-owners

Manufacturing

15 October, 2019

JSW Steel's purchase of Bhushan Power suspended, pending probe into ex-owners

In a setback for JSW Steel, a bankruptcy appeals tribunal has held back its payment of Rs 19,700 crore to ......

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

Manufacturing

04 July, 2019

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in ......

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

Finance

07 June, 2019

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

There was plenty of action at the bankruptcy courts this week, with breakthroughs achieved in a couple of cases that ......

NCLAT stays liquidation of Sterling Biotech

Healthcare

04 June, 2019

NCLAT stays liquidation of Sterling Biotech

The National Company Law Appellate Tribunal (NCLAT) has stayed the order of a lower bankruptcy court which had referred debt-laden ......

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 this week: Jet, Orchid Pharma and Aircel in focus

Healthcare

24 May, 2019

Stressed assets this week: Jet, Orchid Pharma and Aircel in focus

With the insolvency courts in recess, activity in the stressed assets segment was slightly subdued in the week gone by. ......

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Sterling Biotech faces liquidation; lenders, promoters may challenge NCLT ruling

Finance

09 May, 2019

Sterling Biotech faces liquidation; lenders, promoters may challenge NCLT ruling

In a setback for the lenders of Sterling Biotech, the Mumbai bench of the National Company Law Tribunal (NCLT) has ......

McDonald's India and Vikram Bakshi to settle five-year dispute out of court

Consumer

07 May, 2019

McDonald's India and Vikram Bakshi to settle five-year dispute out of court

McDonald’s India Pvt. Ltd, the Indian subsidiary of the US fast food chain, and its estranged local partner Vikram Bakshi, ......