IDFC Bank Completes Merger With NBFC Capital First
Private sector lender IDFC Bank and non-banking financial company (NBFC) Capital First has declared, on December 18, that their merger has completed. The post-merger entity,...
Tag : NCLT
Eight To Ten IL&FS Subsidiaries Soon To Be Sold
As per Govt-appointed board of directors, soon eight to ten subsidiaries of Infrastructure Leasing and Financial Services Ltd (IL&FS) will go up for sale, as...
Revival Plan Still Underway For Debt-Ridden Jaypee Infratech
There are hope still alive for Jaypee Infratech Ltd. as NBCC Ltd, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways, and Suraksha group have shown interest...
IL&FS Board Creates A New Roadmap To Address Lenders Concerns
The IL&FS board has briefed the National Company Law Appellate Tribunal (NCLAT) that the board has created a new roadmap to address nonpayment of dues...
IL&FS Board Invites Bidders To Purchase Stake In Assets
Infrastructure Leasing & Financial Services Ltd. has invited buyers to purchase a stake in two of its subsidiaries in order to bring back the debt-laden...
The Ministry Of Corporate Affairs Celebrates Over NCLAT Stay Order
The ministry of corporate affairs is rejoicing after the NCLAT stayed all the proceedings against debt-laden IL&FS and its 348 subsidiaries and said that the...
NCLAT Stays All Proceedings Against IL&FS And Its 348 Subsidiaries
The National Company Law Appellate Tribunal (NCLAT) stayed all proceedings against IL&FS and other group companies till its further notice. Ministry of Corporate Affairs filed...
NCLT Accepts CIRP Against Gitanjali Gems Filed By ICICI Bank
The National Company Law Tribunal (NCLT) has admitted the insolvency petition filed by ICICI Bank Ltd. against Gitanjali Gems Ltd promotor Mehul Choksi. This is...
NCLT Approves The Takeover Of IL&FS Management Board
The National Company Law Tribunal (NCLT) has approved the takeover of the crisis-hit IL&FS management board by the government. The corporate affairs ministry has applied...
Canara Bank Announces Proposal To Raise Rs. 6500 Crores
State-owned Canara Bank has announced its proposal to raise Rs. 6,000 crore by issuing shares on private placement basis. Canara Bank said in a filing...