On Friday, Ahmedabad bench of NCLT had approved the lenders' plan to let global steel giant ArcelorMittal take over debt-ridden Essar Steel.
11 Mar 2019 5:35 PM
Clearing ArcelorMittal's bid, NCLT said that it cannot impose judicial view over banks’ wisdom.
09 Mar 2019 1:06 AM
It said that at the time of initiation of CIRP, the audit work although commenced, but was progressing at a slow pace.
17 Feb 2019 5:17 PM
In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several stressed assets.
26 Dec 2018 12:57 AM
The new management has been quick to reassure investors that the value in IL&FS shares will not be allowed to be eroded.
09 Oct 2018 12:21 AM
This is the third time in less than 10 years that the government has been forced to step in and supersede the board of a listed company in India.
02 Oct 2018 1:37 AM
The last date for filling the online applications for the vacancies is September 14.
26 Aug 2018 1:18 PM
Maharaja Devraj and Rajkumari Lalitya Kumar had filed the petition in 2006 against the company and its directors.
02 Aug 2018 1:13 PM
It will now approach National Company Law Tribunal for its approval, the company said.
25 Jul 2018 3:18 PM
The petition has sought interim relief in the form of restricting the conversion process.
23 Jul 2018 2:17 AM
Vacating its earlier stay, the appellate tribunal has directed the CoC of the company to consider the resolution plans.
20 Jul 2018 12:41 PM
On October 24, 2016, Board of Tata Sons had abruptly removed Cyrus Mistry as its chairman and sought his ouster from other group companies.
09 Jul 2018 11:23 AM
Mistry claimed that his removal was due to a result of mismanagement by the board's trustees.
04 Jul 2018 5:45 PM
Earlier in January, the company said its board of directors has approved amalgamation of the three entities with IDFC Bank Ltd.
06 Jun 2018 11:52 AM
Company officials said the shareholder approval and the legal challenge are two separate things which can go parallelly.
03 May 2018 1:51 PM
The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.
25 Apr 2018 3:00 AM
The consortium of lenders, led by SBI, is claiming dues of over Rs 23,000 crore from Alok Industries.
15 Apr 2018 7:05 PM
At present, China is the largest producer of crude steel in the world, accounting for more than 50 per cent of the production.
05 Apr 2018 9:42 AM
A case is admitted for resolution under the Code only after approval from the NCLT.
04 Apr 2018 8:03 PM
ICICI Bank examined insolvency cases pending before the NCLT under the Insolvency and Bankruptcy Code, 2016.
02 Apr 2018 5:37 PM