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Sale of wind energy

Sale of wind energy arm: IL&FS seeks NCLT approval

IL&FS has put up a proposal to the National Company law Tribunal (NCLT) for the completion of the sale of its energy arm, IL&FS...
Real Estate

Defaulting builders’ cases should go to RERA regulators before NCLT: NAREDCO

The association also recommended that any dispute regarding new projects should only be heard by state regulators set up under the Real Estate (Regulations...

Sidbi set on taking IL&FS to NCLT

Small industries development bank of India (Sidbi) is a government-owed finance institute formed to support lending to micro and small enterprises. Sidbi set on...
National Company Law Tribunal

NCLT nod to Tata Communications land demerger into Hemisphere Properties India

National Company Law Tribunal (Mumbai Bench), before whom the Company had filed the scheme, has today (Thursday) approved such scheme," TCL said in a...
NCLT

NCLT suggests IBBI review insolvency code regulations

It also said that the resolution professional (RP) should be competent and independent so that there are no interruptions in the process which lead...
NCLT

NCLT asks Binani Cement RP to stay on as 270-day moratorium draws to a...

As per the Insolvency and Bankruptcy Code (IBC), a resolution plan has to be approved by the NCLT within this period, otherwise the company...
ArcelorMittal

ArcelorMittal, Numetal spar over eligibility at NCLT

The two companies and Essar’s Committee of Creditors (CoC) ended their arguments at 6 pm. Maharashtra’s former Advocate General Darius Khambata, who is representing the...
NCLT

Hope for UltraTech-Binani deal alive post NCLT order

"The decision by the NCLT today reaffirms the chances for an out-of-court settlement," Sameer Kaji, Senior Advisor, Binani Cement said. A panel of two-member...
UltraTech moves NCLT over evaluation of Binani Cement bids

UltraTech moves NCLT over evaluation of Binani Cement bids

The Aditya Birla Group-led cement company, which was almost on a par with the Dalmia bid, said that since the monetary value of the...
Binani Cement

Binani Industries approaches to NCLT over Binani Cement sale

It has approached NCLT "seeking permission to fully participate" in insolvency resolution process of Binani Cement "to ensure that the resolution process adequately protects...
NCLT

NCLT extends time period for Corporate Insolvency Resolution Process for Electrosteel Steels Limited

The order was passed by the Kolkata Bench of NCLT on December 19, 2017, Electrosteel Steels informed the BSE on Thursday . The scrip...
MBL infrastructure

MBL infrastructure promoter eligible to bid for company, says NCLT

Lenders have been wary of allowing promoters in resolution plans after a November 23 amendment to the Insolvency and Bankruptcy Code, in which the...
Essar Steel

Sources states Essar Steel output slides 15% after NCLT referral

"Production, which was 1.57 million tonnes in the first quarter (Q1), has fallen by 15 per cent to 1.33 mt in the second quarter...
UltraTech

JP Associates gets NCLT approval for transfer of its cement plants to Ultratech

Jaiprakash Associates has got the approval of National Company Law Tribunal (NCLT) for transfer of its cement plants to the Aditya Birla group firm,...
UltraTech

NCLT approves JP Associates cement trade with UltraTech

National Company Law Tribunal (NCLT) consent Jaiprakash Associates to shift its cement plants to Aditya Birla group cement subsidiary firm UltraTech Cement on Friday. The...
IL&FS to operate Gurgaon Rapid Metro

IL&FS to operate Gurgaon Rapid Metro till September 17 – HC orders

The Punjab and Haryana High Court passed an interim order to the Transportation Network arm of IL&FS to operate Gurgaon Rapid Metro Rail till September...
Jaypee Infratec

For now, Jaypee lenders unlikely to entertain possible Adani bid

Lenders of debt-ridden Jaypee Infratech are unlikely to seek any fresh offers, including from Adani Group, till current round of bidding process is complete...
Jaypee Infratech Ltd

Jaypee homebuyers can sue Jaiprakash Associates after SC order

The Supreme Court has declined to stay the apex consumer commission's order, which held that home buyers in Jaypee Infratech Ltd (JIL) can move the consumer...
Tata Communications

Tata Communication extends deadline for demerger of surplus land

Tata Communications (Tata Comm) has extended the period for scheme of arrangement for de-merger of surplus land from Tata Comm to Hemisphere Properties India...
Sawasdee Group

Sawasdee Group acquires Moser Baer’s Noida land for Rs 72 crore

Sawasdee Group, a Noida-based real estate group, has acquired 60,000 sq meters (approx) of industrial plot in Sector 80, Noida from Moser Baer India...