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Ousted Tata Sons chairman Cyrus Mistry

Cyrus Mistry to appeal against NCLT order

Under the Companies Act 2013, an order of NCLT can be challenged before the National Company Law Appellate Tribunal.

9 July 2018 12:54 PM IST

Tata Motors is gearing up for Turnaround 2.0 to make its passenger vehicles (PV) financially self sustainable, buoyed by the success of its commercial vehicles (CV) in the last financial year, ended March 31.

Shares of Tata group cos see mixed trends after NCLT ruling

TCS fell over one per cent to Rs 1,890.30, while Tata Motors rose nearly two per cent to Rs 275.85 on the BSE.

9 July 2018 12:16 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

UBI expects Rs 3,000 crore recovery from NCLT resolutions

Altogether 40 cases were referred to the NCLT of which Rs 580 crore had already been recovered by the bank.

6 July 2018 6:24 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

NSE imposes Rs 1 crore penalty on Electrosteel Steels

The penalty was imposed for non-compliance with Regulation 33 of the LODR Regulations.

6 July 2018 1:32 PM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls raising Rs 1 lakh default threshold for invoking IBC:...

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti...

14 Oct 2019 10:18 PM IST

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

RBI sends DHFL to NCLT for resolution

The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.

29 Nov 2019 4:22 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Expedite decision on fresh EOIs: NCLT to Jet Airways lenders

The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.

19 Dec 2019 7:24 PM IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

NCLAT declines plea of Essar Steel operational creditor

NCLAT declined the plea of an operational creditor of debt-ridden Essar Steel seeking recovery worth Rs 800 crore.

30 Jan 2019 12:24 PM IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

NCLAT asks NCLT to take decision on Essar Steel's insolvency case by...

NCLT to pass an order on insolvency resolution plan submitted by Essar Steel's RP, in which ArcelorMittal emerged as the...

23 Jan 2019 11:56 AM IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

New twist to Essar tale, SBI seeks to sell Rs 15,000 cr bad loans

SBI has put the reserve price for the recovery of bad loans from Essar Steel India at Rs 9,587.64 crore.

17 Jan 2019 10:51 AM 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.

Essar Steel insolvency case: NCLAT asks NCLT Ahmedabad bench to...

The matter is listed at NCLT Ahmedabad on January 7 for next hearing.

3 Jan 2019 11:41 AM 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 directs NCLT Ahmedabad to decide on ArcelorMittal's Essar Steel...

A two-member NCLAT bench said that if the NCLT fails to pass an order by this deadline, it would call records and pass...

28 Feb 2019 11:49 AM IST