The application was filed as Liberty House failed to comply with even the basic requirement of furnishing the performance bank guarantee, which was required to be given upon approval of the resolution plan by the CoC.
Lenders to Castex Technologies, a debt-ridden subsidiary of the bankrupt Amtek Auto, have moved the National Company Law Tribunal (NCLT) to withdraw an application that had sought the tribunal’s nod to go ahead with the app
JSW Steel on Monday told the National Company Law Appellate Tribunal (NCLAT) that Tata Steel does not have any right to raise questions over its revising the offer for bankrupt Bhushan Power and Steel after being given the op
The National Company Law Appellate Tribunal (NCLAT) on Thursday asked the preferred bidder for Jyoti Structures, a consortium led by Sharad Sanghi, MD and CEO of Netmagic Solutions, to modify its resolution plan for the debt-
Lenders to Jaypee Infratech (JIL) on Tuesday turned down a proposal from L&T Infrastructure Development Projects (IDPL), which envisaged the purchase of only the flagship Yamuna Expressway and not the entire assets of the ban
While its ambitious national highway (NH) construction targets have been hard to reach, the NDA government has clearly outdone the previous UPA dispensation when it comes to expanding the country’s national highway network.
In its 44-page order, the appellate tribunal has noted that the RPPL’s resolution plan discriminated between some of the financial creditors who are equally situated and not balanced the other stakeholder, such as operation
The National Company Law Appellate Tribunal on Tuesday agreed to hear IndusInd Bank’s plea seeking to recover an interest payment of Rs 25 crore from Infrastructure Leasing & Financial Services (IL&FS).
After a lacklustre initial year, the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), the Narendra Modi government’s flagship scheme to promote job creation launched in August 2016, has picked up momentum.
Tata Steel on Thursday told the National Company Law Appellate Tribunal (NCLAT) that the committee of creditors (CoC) of Bhushan Power and Steel (BPSL) had violated its August 6 order by allowing JSW Steel to revise its bid t
The two-member NCLAT bench, headed by chairperson Justice SJ Mukhopadhaya, asked the Cyrus firm to suggest proposed changes within two weeks and posted the matter for further hearing on a day-to-day basis from December 11 onw
Senior executives from Korean steelmakers Posco and Hyundai visited the Vizag unit of the state-run Rashtriya Ispat Nigam (RINL) on October 22 to explore the proposal to set up a 5-million-tonne-per-annum (mtpa) steel plant a
As the government mulls ways to substitute certain commodity imports through higher local production, it will do well to undertake a comprehensive review of the performance of key public-sector units (PSUs) vis-a-vis their pr
Given the Supreme Court has already outlined the way forward after hearing all the arguments under the Insolvency and Bankruptcy Code (IBC), it would appear the steelmaker must approach the apex court for permission to throw