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$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business

NCLAT allows Vedanta to make upfront payment of Rs 5,320 cr for...

Electrosteel owes lenders more than Rs 13,000 crore, of which about Rs 5,000 crore is to State Bank of India alone.

30 May 2018 2:58 PM IST

Tata Steel is countrys major steel producer.

Business

NCLAT asks Tata Steel if it will pay dues of Bhushan Steel

Bhushan Steel owed its lenders about Rs 56,000 crore and was among the 12 big loan defaulters identified by the Reserve...

30 May 2018 1:58 PM IST

RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

Business

Reliance Infratel withdraws petition for permission of asset sales

The RCom group firm's petition was also backed by public sector lender SBI at NCLAT.

29 May 2018 5:48 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

Business

NCLAT to hear ArcelorMittal, NuMetal pleas tomorrow

NCLAT had ordered status quo on insolvency of Essar Steel for two months.

29 May 2018 2:10 PM IST

Fitch will no longer provide ratings or analytical coverage for RCom.

Business

RCom offers Rs 500 cr to Ericsson, NCLAT for amicable settlement

The tribunal has listed for tomorrow the hearing of interim prayer of RCom to stay the NCLT order.

29 May 2018 1:39 PM IST

Vedanta asks NCLAT to lift stay over Electrosteel sale status quo

Renaissance has submitted before NCLAT that Vedanta is not eligible to bid for Electrosteel under section 29 A.

28 May 2018 5:25 PM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

Business

RCom plea against insolvency to be heard by NCLAT on Tuesday

Ericsson had alleged that it had not been paid the dues.

28 May 2018 1:52 PM IST

$The ongoing Binani Cement insolvency case has taken a new twist with the operational creditors (OCs) of the debt-ridden firm terming the Dalmia Bharat offer for their outstanding dues as \pittance\ and rejecting it outright, vowing to fight \tooth-and-nail\.$ Business

Binani Industries offers to pay 100 pc claims of debtors

Counsel appearing for Binani Industries said the settling of the creditors' claims will bring the company out of...

16 May 2018 12:58 PM IST

Business

Reliance Infratel, HSBC Daisy submit settlement agreement before NCLAT

The consent term between the parties was signed on June 15, 2018, informed senior advocate Salman Khursheed.

29 Jun 2018 1:21 PM IST

$Tamil Nadu govt this week ordered the state Pollution Control Board to seal and \permanently\ close the Vedanta groups copper plant in Tuticorin.$ Business

Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account

The company has acquired control over ESL and a new board of directors has been put in place.

5 Jun 2018 9:39 AM IST

Business

NCLAT to hear Mistry plea tomorrow against NCLT order

Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016.

7 Aug 2018 5:36 PM IST

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.

Business

NCLAT extends deadline for submission of revised bid for Bhushan Steel

Tata Steel put in a bid of Rs 17,000 crore. Bhushan Power and Steel owes about Rs 45,000 crore to its lenders.

6 Aug 2018 12:54 PM IST