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
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
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
The appellate tribunal had directed to list the matter on April 29 for next hearing.
27 Mar 2019 9:14 AM
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
"The case is remitted to NCLT, Mumbai to approve the plan..." said NCLAT in its order.
24 Mar 2019 4:52 PM
During the proceedings, RBI's counsel said that there was a overlap of power on the issue.
19 Mar 2019 5:50 PM
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 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
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
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
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 also said that its order would not debate Liberty House in participating in other resolution processes.
08 Mar 2019 12:55 PM
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
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
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
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
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
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
NCLT Ahmedabad to decide over the Rs 42,000 cr resolution plan submitted by ArcelorMittal for Essar Steel.
12 Feb 2019 12:25 PM