A bench led by Justice DY Chandrachud upheld the National Company Law Appellate Tribunal’s view that Section 29A of the IBC specifically disqualified former promoters from participating in the insolvency process and this di
Billionaire Sajjan Jindal's JSW Energy Ltd has agreed to buy a 1,000 megawatt power plant from his brother's heavily indebted Jindal Steel and Power Ltd in a deal valued at up to $976 million, the companies said on Wednesday.
According to a report in Financial Express newspaper, the company has also reduced employee salaries by 10 per cent in order to reduce cost. Furthermore, the salary disbursements to employees are also being delayed.
Jindal Steel and Power (JSPL) share price fall over 2 per cent in the early trade on Monday after the company on Saturday reported a consolidated net loss of Rs 617.94 crore for the quarter ended September 2015