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NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr for acquiring Essar Steel

The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week.

09 Apr 2019 3:59 PM

Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

Amtek Auto has a total debt of Rs 12,603 crore and the liquidation value of its assets was determined at Rs 4,119 crore.

29 Mar 2019 2:55 PM

Jyoti Structures goes to Sharad Sanghi

Sanghi's resolution plan was voted by 62.66 per cent of lenders, while 23.12 per cent voted against, and 14.21 per cent abstained.

28 Mar 2019 12:55 AM

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches NCLAT

The appellate tribunal had directed to list the matter on April 29 for next hearing.

27 Mar 2019 9:14 AM

NCLAT stays DoT's show cause notices to RCom for cancellation of spectrum licence

A two-member bench also stayed the DoT's letter dated March 20, 2019 to Axis Bank to encash the bank guarantee of Rs 2,000.

26 Mar 2019 3:59 PM


NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider Rs 4K-cr plan by Sanghi, others

"The case is remitted to NCLT, Mumbai to approve the plan..." said NCLAT in its order.

24 Mar 2019 4:52 PM

RBI seeks modification of NCLAT order in IL&FS case

During the proceedings, RBI's counsel said that there was a overlap of power on the issue.

19 Mar 2019 5:50 PM

NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 cr plan for Essar Steel

ArcelorMittal's resolution proposal provides financial creditors Rs 41,987 cr out of their total dues of Rs 49,395 cr.

18 Mar 2019 3:57 PM

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.

17 Mar 2019 1:19 PM

RCom-Ericsson case: NCLAT declines to direct SBI to release Rs 259 cr

Apex court has asked RCom group to pay Rs 453 crore in four weeks, by March 19, failing which Ambani will have to go to jail.

16 Mar 2019 10:51 AM


NCLAT reserves order on RCom plea to release funds

RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.

14 Mar 2019 8:48 AM

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden outlook'

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 Mar 2019 8:53 AM

NCLAT allows withdrawal of Liberty House bid for ARGL

NCLAT also said that its order would not debate Liberty House in participating in other resolution processes.

08 Mar 2019 12:55 PM

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.

03 Mar 2019 12:12 PM

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'.

01 Mar 2019 4:14 PM


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.

28 Feb 2019 11:49 AM

Lot of headway being made in IL&FS matter, says corp affairs secy

The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months.

26 Feb 2019 12:33 PM

No NPA tag for accounts of IL&FS firms: NCLAT

The appellate tribunal’s order came during the hearing over the government’s plan for the resolution of IL&FS group companies.

26 Feb 2019 1:51 AM

Accounts of IL&FS, group cos cannot be declared NPA without NCLAT nod

The tribunal's direction came during the hearing over the govt's plan for the resolution of IL&FS group companies.

25 Feb 2019 12:49 PM

NCLAT extends deadline to decide on Essar Steel insolvency case

NCLT Ahmedabad to decide over the Rs 42,000 cr resolution plan submitted by ArcelorMittal for Essar Steel.

12 Feb 2019 12:25 PM