National Company Law Tribunal Nclt
Business  /  Published 16.03.19

Grasim faces tax demand

AV Birla group company Grasim Industries on Saturday said it has received a Rs 5,872.13-crore tax demand from the income tax department relating to its merger with Aditya Birla Nuvo and Aditya Birla F...
By Our Special Correspondent in Mumbai

Business  /  Published 08.03.19

Arcelor wins battle for Essar

The Rs 42,202-crore revival plan for bankrupt Essar Steel from world’s largest steelmaker ArcelorMittal received the formal stamp of approval from a company law tribunal after 584 days of legal twis...
By Our Special Correspondent in Calcutta

North East  /  Published 28.01.20

Court stays HPC order on quarters

Delhi High Court on Tuesday directed that the Hindustan Paper Corporation liquidator’s order to vacate all the HPC’s quarters by January 31 be kept in abeyance till its next hearing on February 25...
By Swapnaneel Bhattacharjee in Silchar

Business  /  Published 25.02.19

SBI weighs tribunal route for Jet Airways

To recover its loans from Jet Airways, state-run lender SBI is considering moving the National Company Law Tribunal (NCLT) as it feels the airline is running out of funds for operations even as share...
By PTI in New Delhi

Business  /  Published 29.06.19

Asian Colour lenders clear JSW bid

Lenders of Asian Colour Coated Ispat Ltd (ACCIL) have approved the JSW group’s Rs 1,550-crore bid to acquire the debt-ridden steel firm, sources said. ACCIL went into insolvency in July last year af...
By PTI in New Delhi


India  /  Published 23.06.19

Insolvency proceedings initiated against Jet Airways

Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month.The cash-strapped company...
By PTI in New Delhi

Business  /  Published 17.06.19

Jet lands in bankruptcy court

Lenders led by the State Bank of India (SBI) on Monday finally decided to start bankruptcy proceedings against Jet Airways as their last attempt to find a resolution for the grounded carrier, which o...
By Our Special Correspondent in Mumbai

Business  /  Published 30.05.19

Tata Teleservices cash call

Tata Teleservices (Maharashtra) Ltd (TTML) will raise up to Rs 35,000 crore through preferential shares to the promoters and non-convertible debentures.Part of the proceeds may be used to clear the du...
By Our Special Correspondent in Mumbai

Business  /  Published 12.02.19

Tribunal gets a week to decide on Essar

The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted a week to the Ahmedabad bench of the NCLT to decide on the Rs 42,000-crore resolution plan submitted by ArcelorMittal for Essar S...
By Our Special Correspondent in Mumbai

Business  /  Published 24.12.19

Infratel, Indus extend merger deadline

Bharti Infratel on Tuesday said it has extended the deadline for merger with mobile tower company Indus Towers by two more months to February 24, as it has not received the necessary government approv...
By Our Special Correspondent in Mumbai


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