SBI does well to challenge the NCLAT in Essar Steel case

SBI does well to challenge the NCLAT in Essar Steel case

State Bank of India has done well to approach the Supreme Court to challenge the National Company Law Appellate Tribunal (NCLAT) asking the Committee of Creditors (CoC) to reconsider its decision in the Essar Steel matter so as to ensure that operational creditors

NCLAT seeks details of IL&FS dues

NCLAT seeks details of IL&FS dues

The National Company Law Appellate Tribunal (NCLAT) Friday asked the newly-appointed board of debt-ridden IL&FS to submit details of the group’s dues. A two-member bench headed by Chairman Justice S J Mukhopadhaya

Essar Steel: Decision on distribution of funds by Friday

Essar Steel: Decision on distribution of funds by Friday

The lenders of Essar Steel on Wednesday told the National Company Law Appellate Tribunal (NCLAT) that a decision by the committee of creditors on whether Standard Chartered, an unsecured financial creditor of the bankrupt firm, should get higher payout for its dues from the Rs 42,000 crore coming from the resolution plan of ArcelorMittal, would come by Friday.

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