Surya Sarathi Ray

NCLAT directs Essar to call CoC meeting to reconsider distribution of funds from Arcelor

NCLAT was hearing a plea moved by Standard Chartered Bank alleging that ArcelorMittal’s plan was “discriminatory”, and therefore, the distribution of funds should be stopped.

NCLAT directs Essar to call CoC meeting to reconsider distribution of funds from Arcelor News

IL&FS case: RBI, NCLAT spar over who takes call on banks

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

IL&FS case: RBI, NCLAT spar over who takes call on banks News

NCLAT gives conditional nod to ArcelorMittal plan for Essar Steel

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

NCLAT gives conditional approval to ArcelorMittal's resolution plan for Essar Steel News

NCLAT declines to stay ArcelorMittal’s offer for Essar Steel bankruptcy resolution

Asking for fresh distribution plan, appellate tribunal says there can’t be discrimination between financial and operational creditors.

ArcelorMitta, essar steel, nclat, steel sector, steel industry, supreme court, sc News

Ray of hope for Ruias in Essar Steel bankruptcy; NCLAT says will make room if they pay dues

Promoters owe lenders around Rs 85,000 crore at the group level.

ArcelorMittal, essar steel, nclt News

Nitin Gadkari INTERVIEW | As highway projects get more viable, will be good for banks to finance HAM

Even though the pace of highway construction almost trebled to 35 km/day in the last five years, pure-play public-private partnerships (PPPs) are showing no signs of picking up.

Nitin Gadkari , union minister nitin gadkari News

SBI snubs RCom; lenders refuse to release Rs 266 crore income tax refunds to pay Ericsson

The NCLAT observed that the insolvency plea against RCom cannot commence until the settlement with Ericsson attains finality.

rcom, sbi, ericcsson News

Jaypee homebuyers will get flats in 3 years, assures NBCC

JIL’s assets include under-construction 25,000 apartments, and around 3,000 acre, mostly along with the Yamuna expressway.

Industry News

Maximising value of assets! JIL CoC to form core group to work with NBCC, Suraksha

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

Industry News

Insolvency process: Jaypee Infra suitors’ plans factor in Rs 750 crore with NCLT

Applicants NBCC, Suraksha include amount deposited by insolvent developer’s parent firm JAL in their resolution plans.

Industry News

Modi govt brought in fixed-terms jobs, but little else in terms of labour reforms

The remarkable failure of effective and meaningful social dialogue resulted in loss of confidence in the minds of trade unions which weakened the legitimacy of reforms.

Economy News

Insolvency process: Manoj Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore

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.

Industry News

Bhushan Power resolution: Lenders to approach NCLT for early hearing

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.

nclat, bhushan power News

Modi govt’s pension scheme for unorganised sector: Check who will get it

Notification on the PMSYM scheme is expected to be issued on Friday.

Pension scheme, unorganised sector, Pension scheme for unorganised sector, PMSYM, PMSYM scheme News

Bhushan Power lenders likely to reject Sanjay Singal’s last-minute offer

JSW Steel has already been chosen by the lenders as the most preferred bidders for BPSL.

Bhushan Power and Steel, Sanjay Singal, CIRP, Insolvency and Bankruptcy Code, JSW Steel, NCLAT News

Clear winner: JSW Steel favourite in race for Bhushan Power and Steel as NCLAT rejects Tata plea

It is CoC’s prerogative to update, modify, amend, annul or cease resolution process at any point of time, rules appellate tribunal

Industry News

NCLT directed to decide on Arcelor Mittal resolution plan by February 11

NCLT’s Ahmedabad bench is now considering the Essar Steel resolution matter for passing an appropriate order.

NCLT, ArcelorMittal, Arcelor Mittal resolution, Insolvency and Bankruptcy Code, Essar Steel insolvency, Standard Chartered Bank News

Big bonanza for workers! Govt announces affordable pension for unorganised sector — check details

Under the new Pradhan Mantri Shram-Yogi Maandhan, a worker will make a monthly contribution of just Rs 55

Budget 2019 News

Budget 2019: Infrastructure got pace, but private investors still wary

To boost investments, govt relied on extra-budget resources at an unprecedented scale

Budget 2019 News

Kotak Investment may team up with co-applicants for RP

JIL's assets also include 25,000 apartments that are under construction and 3,000 acres of land parcels, mostly along with the expressway.

Industry News

Jaypee Infra case: Deadline to submit resolution plans extended till February 15

Lenders have already approved the proposed evaluation matrix of the bids and the process for request for resolution plan through electronic voting.

Jaypee Infra case, Jaypee Infra case news, Jaypee Infratech, Jaypee Infratech case, Jaypee Infra case resolution plans News

An uphill job: EPFO data too erratic to carry conviction

While these figures are cited by policymakers as proxy of jobs created (rather, they represent the pace of formalisation of jobs), the frequent, drastic revisions do make the EPFO figures suspect.

How to check PF balance, EPF Balance, PF balance, How to check, Aadhaar, UAN, mobile phone , SMS News

No plan to lift export duty on ore with higher Fe content: Ministry

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

Markets News

Liberty moves NCLAT against MSTC’s Rs 100 crore claim from Adhunik

Liberty House Group (LHG) has moved the National Company Law Appellate Tribunal (NCLAT) challenging state-run MSTC’s Rs 100-crore claim from Adhunik Metaliks.

nclat, liberty News

Hindustan Copper bets big on unused accumulated copper ore tailing

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

hindustan copper, hcl News

Road construction sees slight jump during April-November

The pace of construction of highways inched up to 24 km per day during the April-November period of the current year from 20.5-km per day in the year-ago period.

Infrastructure News

SAIL plans project on Posco land

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

Industry News
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