ENOC Group, Indian Oil Company announce alliance

ENOC Group, Indian Oil Company announce alliance

Enoc Group has announced a strategic alliance with Indian Oil Company (IOC), an oil and gas company in India worth $63 billion, in a joint effort to expand its global footprint while building on IOC’s R&D infrastructure to mitigate future manufacturing challenges.

NCLAT quashes NCLT order against ECL

NCLAT quashes NCLT order against ECL

The National Company Law Appellate Tribunal (NCLAT) has set aside the National Company Law Tribunal (NCLT) Kolkata bench’s order to start insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of Coal India, said an official on Thursday.

New IL&FS Board pushes for asset-level resolution

New IL&FS Board pushes for asset-level resolution

The crisis in the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) is set to be addressed by undertaking asset-level sale process first before putting in place a plan for a single group-level or vertical-level resolution, sources said.

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