PSU Banks to be Infused Rs 70,000 Crores
In the announcement made by the finance minister Nirmala Sitharaman in her speech on Friday, she stated that public sector banks will be provided with...
Tag : NCLT
AdiGroup to Bid for 75% of Jet Airways at NCLT
On Friday, the UK based AdiGroup and a consortium of employees at Jet Airways announced partnership to bid for 75 per cent of the debt-ridden...
Bandhan Bank To Call A Meeting For The Approval Of Merger
The National Company Law Tribunal (NCLT) has directed Bandhan Bank to call a meeting of its equity shareholders to rubber-stamp the proposed merger with Gruh...
Rs 500 Cr In Fresh Bid Offered By Adani Group For Jaypee Infratech
The Adani group is back on that bull for debt-ridden Jaypee Infratech by making a non-binding offer of Rs 500 crore as upfront payment to...
Debt Servicing For IL&FS 'Amber' Firms Considered By Committee
Amber companies are those which were capable to service debts of only certain senior secured creditors. They can not service debt of other creditors. Pro-rata...
To Settle Shareholder Differences, Indigo Approaches NCLT
To resolve the deep fissures that have apparently surfaced between the two major shareholders – Rahul Bhatia and Rakesh Gangwal, Indigo has headed for NCLT....
Banks Put Up Rs 1.3 Lakh Crore Of Bad Loans On Sale To ARCs
Banks have piled up nearly Rs 1.3 lakh crore of bad loans for sale to asset reconstruction firms (ARC) in the last fiscal, amid delays...
ITC Moves NCLT On Hotel Leela’s Oppression & Mismanagement Petition
A petition filed on Hotel Leela Venture Ltd. by ITC Ltd. through NCLT. Hotel Leela is accused of “operations and mismanagement.” Hotel Leela Venture in...
RCom Promoters Shareholding Declines to 22 Percent
With family and group firms jointly losing more than half of the shares, in January –March quarter, Reliance Communications Ltd. promoters stake has declined to...
For acquiring Essar steel ArcelorMittal to pay the amount before NCLT
On Tuesday, The National Company Law Appellate Tribunal said it may direct global steel major to deposit Rs. 42,000 crore as per its bid for...