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The application has been filed under Section 7 of the Insolvency and Bankruptcy Code 2016. (Photo: ANI)

JM Financial files application with NCLT against Hotel Leela Venture

The potential share issue could have hiked the JMARC's stake in Leela Venture to 75 per cent from the current 26 per...

26 Feb 2019 2:21 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.

ArcelorMittal says facing risks like excess capex on proposed Essar

The world's largest steelmaker ArcelorMittal's takeover proposal of the Essar Steel India Ltd (ESIL).

26 Feb 2019 2:12 PM IST

Being the first baby to be born in-flight for the airline, Jet Airways has offered him a free lifetime pass for all his travels.

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT...

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary...

25 Feb 2019 3:30 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

SBI says reports of taking Jet Airways to NCLT speculative'

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways.

25 Feb 2019 2:07 PM IST

Prime Minister Modi was in Maharashtra to launch various development projects. (Photo:ANI)

Govt re-promulgates ordinance for companies law amendments

On Tuesday, the Cabinet cleared the proposal to promulgate the Companies (Second Amendment) Ordinance, 2019.

22 Feb 2019 10:32 AM IST

the audit work for the quarter ended December 31, 2018 was progressing at a slow pace on account of high employee attrition in the past few months and is yet to conclude. (Photo: Twitter)

Kwality Ltd seeks more time to file results

It said that at the time of initiation of CIRP, the audit work although commenced, but was progressing at a slow pace.

17 Feb 2019 5:17 PM IST

FMCG firm Wipro Consumer Care and Lighting on Thursday said it plans to invest Rs 220 crore to set up a new manufacturing facility for personal care products in Telangana.

Wipro gets relaxation from Sebi for buyback programme

Wipro in November 2018 had filed an application with the Sebi to seek exemption from the strict enforcement of the...

16 Feb 2019 5:41 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 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 IST

Reliance communications Chairman Anil Ambani

RCom shares battered further, tank nearly 13 percent

RCom stock plummeted 10.84 per cent to Rs 4.85 on BSE, at NSE, shares crashed 12.61 per cent to Rs 4.85 apiece.

6 Feb 2019 1:00 PM IST

Reliance communications Chairman Anil Ambani

Telecom tribunal exempts RCom from one-time spectrum charge

TDSAT also directed the DoT to return a 20 billion rupees bank guarantee made by the company.

5 Feb 2019 4:49 PM IST

Injeti Srinivas said on Wednesday that the amendments, as and when implemented, would be prospective in nature.

Over 12,000 cases filed since implementation of insolvency law, says...

Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to...

26 March 2019 12:42 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