A report highlighting fraudulent and irresponsible conduct by the top executive of IL&FS has claimed they used the Employee Welfare Trust (EWT) for personal gains at the cost of the company by carrying forward amendments
The Supreme Court has ruled that the National Company Law Tribunal (NCLT) has no authority to evaluate the commercial decision of the committee of creditors (CoC) to approve or reject a proposed resolution plan
Essar Oil UK (EOUK), a unit of India’s Essar Group, has acquired some strategic assets from BP to boost its logistics infrastructure network for expanding in the UK where it runs an oil refinery at Stanlow on the south side of the Mersey Estuary near Liverpool.
Reiterating its earlier claims, Standard Chartered Bank (SCB) on Tuesday sought to be treated equally with other members of the insolvent Essar Steel Ltd’s (ESL’s) committee of creditors (CoC) during repayment of dues under ArcelorMittal’s takeover bid.
Jindal Steel and Power Ltd (JSPL) aims to clear all its debt by 2021-22 before embarking on an expansion plan, its Chairman Naveen Jindal said Tuesday.
The Delhi-based National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of National Company Law Tribunal (NCLT) to decide on the resolution plan for Essar Steel on or before February 11.
Going by media reports, the National Company Law Appellate Tribunal (NCLAT) has asked the government and Infrastructure Leasing & Financial Services (IL&FS) to provide a list of group companies that have the ability to meet payment obligations over the next one year.
An Indian appeals tribunal has ruled against Tata Steel Ltd’s effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd’s offer to buy the indebted steel maker.
JSW Steel has moved a step closer to acquire Bhushan Power and Steelafter the company law appellate tribunal upheld its Rs 19,700-crore offer. The transaction, when completed, will strengthen JSW’s position as the largest steel
Paving the way for JSW Steel to take over Bhushan Power and Steel (BPSL), the National Company Law Appellate Tribunal (NCLAT) on Monday dismissed Tata Steel’s objections that lenders had given the Sajjan Jindal