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According to the Rs 3,965.06-cr resolution plan by Sanghi, Rs 50 cr would be paid upfront, followed by Rs 75 cr over the next 12 months and the remaining in staggered payments over the next in 15 years.

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...

28 March 2019 12:55 AM IST

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 March 2019 9:14 AM IST

RCom chairman Anil Ambani

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

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

26 March 2019 3:59 PM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider...

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

24 March 2019 4:52 PM IST

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

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 March 2019 5:50 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

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

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

18 March 2019 3:57 PM IST

In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.

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 March 2019 1:19 PM IST

Reliance Communications (RCom) on Friday said that it was in advanced talks with Ericsson to resolve commercial issues to exit the bankruptcy proceedings.

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...

16 March 2019 10:51 AM IST

RCom chairman Anil Ambani

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 March 2019 8:48 AM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

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

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

12 March 2019 8:53 AM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

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.

8 March 2019 12:55 PM IST

Targeting NTPC for supplying Bangladesh electricity generated using cheap domestic coal, the Association of Power Producers has written to the government.

NTPC eyes stressed assets under insolvency in NCLT to make deals...

All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even more from secured...

3 March 2019 12:12 PM IST