Last week, the RBI brought to the Supreme Court’s notice that despite a leeway provided by its interim order, none of the petitioners (corporate defaulters) from a variety of industries like power, shipping and sugar manage
A two-member bench, headed by justice SJ Mukhopadhaya, said the acceptance of the resolution plan submitted by ArcelorMittal will be subject to its final order in the appeal filed by the Essar Steel promoters and Standard Cha
A source said the CoC requested the resolution professional, Anuj Jain, to include expenses incurred by members in finalisation of resolution plan as part of the corporate insolvency resolution process costs, as the endeavour
The proposal, submitted on February 15, also promises to pay fixed-deposit holders within 90 days of the approval of the offer of settlement. It also hopes to complete the real estate project in four years.
Lenders to Bhushan Power and Steel (BPSL) will soon approach the National Company Law Tribunal (NCLT) requesting an early hearing for approving the resolution plan of its preferred bidder JSW Steel for the bankrupt company.
The ministry of mines has turned down the iron ore industry's demand that ore with up to 62% iron content be not subject to export duty. Currently, exports of iron ore, for both lumps and fines varieties, of 58% Fe content an
Hindustan Copper (HCL) is eyeing a pot of gold from the unused accumulated copper ore tailing (COT) at its Malanjkhand mine in Madhya Pradesh. So far, due to the lack of a facility to process tailing or the left-over material
State-run Steel Authority of India (SAIL) proposes to set up a three-million tonne per annum (mtpa) steel plant in Odisha for producing high-end flat products on the land the state had earmarked for South Korean steel major P