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National Company Law Tribunal Nclt
Business  /  Published 19.10.20

JSW bags another insolvent player

JSW Steel has won the approval of the National Company Law Tribunal to acquire value-added steel maker Asian Colour Coated Ispat Pvt Ltd (ACCIPL). The company, a wholly owned subsidiary of Sajjan Jin...
By Our Special Correspondent in Calcutta

Business  /  Published 17.10.20

Kalrock Capital-Murari Lal Jalan win Jet Airways bid

Creditors to Jet Airways have approved a resolution plan which will give the country’s oldest private carrier a new lease of life, the airline said in a regulatory filing on Saturday. Eighteen ...
By Our Special Correspondent in Mumbai

Business  /  Published 25.09.20

Aircel spectrum tiff rages on, NCLAT to decide

In 2016, Airtel has entered into the Rs 3,500-crore deal with Aircel to acquire rights to use the latter’s 4G spectrum in eight telecom circles – Tamil Nadu (including Chennai), Bihar...
By Our Legal Correspondent in New Delhi

Jharkhand  /  Published 02.09.20

Incab liquidator calls meet in Calcutta

The first meeting of the stakeholders’ consultation committee of Incab Industries will take place in Calcutta on Thursday. The meeting was called by Shashi Agarwal, who has been appointed liqui...
By Pinaki Majumdar in Jamshedpur

Business  /  Published 01.09.20

SC gives partial relief on AGR

The apex court considered the plea of the operators to pay over 20 years as too long. “The arrears have accumulated for the last 20 years. It is also to be noted that some of the companies are ...
By Our Legal Correspondent in New Delhi

Jharkhand  /  Published 28.08.20

Incab workers’ plea in tribunal

The New Delhi-based National Company Law Appellate Tribunal (NCLAT) has admitted an appeal filed by workers of Incab Industries, challenging the liquidation order passed earlier by the Calcutta-b...
By Pinaki Majumdar in Jamshedpur

Business  /  Published 24.08.20

Tug-of-war with R-Com

The committee of creditors of Reliance Communications Ltd (R-Com) met on Monday in the wake of the insolvency proceedings initiated against promoter Anil Ambani and the department of telecommunication...
By Our Special Correspondent in Mumbai

Business  /  Published 21.08.20

R-Com: Rs 1200cr recovery order

The National Company Law Tribunal (NCLT) on Friday set the stage for insolvency proceedings against Reliance Communications chairman Anil Ambani after it appointed a resolution professional to recover...
By Our Special Correspondent in Mumbai

Business  /  Published 20.08.20

SC fears loss of telco dues

The Supreme Court on Thursday said it was “extremely worried” that the AGR (adjusted gross revenue) dues of the telecom players under bankruptcy would be “wiped out” if they we...
By Our Legal Correspondent in New Delhi

Business  /  Published 19.08.20

DoT contests plan

The DoT has opposed the resolution plan of R-Com and its subsidiary Reliance Telecom (RTL) citing it will not recover its dues from the plan proposed by the lenders . The Mumbai bench of the National...
By Our Special Correspondent in Mumbai


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