nclt
SC ruling does not disturb creditors' rights to insolvency proceedings, says Sahoo
In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself, IBBI's Sahoo said.
SC ruling: RBI to come out with fresh circular on resolution of bad loans
Supreme Court had on Tuesday quashed RBI circular that pertains to provisions for referring the defaulter to NCLT.
Over 12,000 cases filed since implementation of insolvency law, says govt
Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.
BSNL to approach NCLT this week against RCom to recover Rs 700 cr
BSNL has already invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments, said sources.
Baba Ramdev's Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya
The Committee of Creditors (CoC) could meet next week to consider the revised offer of Patanjali.
Ex Essar Steel directors approach NCLT against ArcelorMittal takeover
On Friday, Ahmedabad bench of NCLT had approved the lenders' plan to let global steel giant ArcelorMittal take over debt-ridden Essar Steel.
NTPC eyes stressed assets under insolvency in NCLT to make deals sweeter
All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even more from secured creditors.
Over Rs 2 lakh crorebad loans settled, says govt offical
Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and Bankruptcy Laws'.
NCLAT directs NCLT Ahmedabad to decide on ArcelorMittal's Essar Steel bid by Mar 8
A two-member NCLAT bench said that if the NCLT fails to pass an order by this deadline, it would call records and pass an order.
JM Financial files application with NCLT against Hotel Leela Venture
The potential share issue could have hiked the JMARC’s stake in Leela Venture to 75 per cent from the current 26 per cent.