Page 17 - Nclt

ArcelorMittal JV buys Bhander power plant, eyes more Essar ancillary units

Acquisition comes close on the heels of the firm getting NCLT nod for buying Odisha slurry pipeline

NCLT approves NBCC's resolution plan for Jaypee Infratech with some tweaks

NBCC has proposed to complete over 20,000 flats in the next three-and-a-half years

NCLT approves ArcelorMittal's Rs 2,359 cr bid for Odisha Slurry Pipeline

A two-member bench of the NCLT Cuttack gave a go ahead to the resolution plan of ArcelorMittal India, which had been approved by the Committee of Creditors (CoC) of OSPIL.

SC sets aside NCLAT order on Dhanuka's resolution plan for Orchid Pharma

The apex court's ruling effectively gives the green signal to Dhanuka's plan for Orchid Pharma

NBCC gets NCLT nod to acquire Jaypee Infratech through insolvency process

In its hearing on Tuesday, the Principal bench of NCLT,headed by Acting President B S V Prakash Kumar, gave a go-ahead to the resolution plan of NBCC

Lenders to seek fresh bids for Lavasa Corp in debt resolution reset

Lavasa and its subsidiaries defaulted on their debt obligations totalling about Rs 7,700 crore

Chandigarh NCLT approves Hindustan Unilever, GSK Consumer Healthcare merger

On November 6, 2019, the Mumbai Bench of the NCLT had sanctioned the scheme and the order was subject to sanction of the Chandigarh Bench of NCLT

Vodafone Idea, Bharti Infratel spar over Indus Towers' stake sale

The clash is over Vodafone Idea's 11.5 per cent stake in Indus Towers

TCG in talks with global firms for Odisha and Tamil Nadu mega projects

Total investments in these projects pegged at Rs 1.28 trillion; group to maintain status quo on Haldia

Adani's Rs 400 crore bid for posh Aditya Estates in Delhi gets NCLT nod

The Committee of Creditors (CoC) of Aditya Estates led by ICICI Bank PLC had already approved by 93.01 per cent vote share, Adani's Rs 400 crore offer, which includes an upfront payment of Rs 265 cr

Pass order on plea within 2 months: NCLAT to NCLT on GE Triveni issues

The National Compamy Law Appellate Tribunal (NCLAT) on Monday asked the Bengaluru bench of NCLT to make a decision on the arbitration plea, preferably within two months, in the ongoing dispute between the JV partners of GE Triveni Ltd. A two member NCLAT bench headed by NCLAT Chairman Justice S J Mukhopadhaya also declined to interfere over the order passed by the Bengaluru bench of the National Company Law Tribunal (NCLT) at this stage. The Bengaluru bench of the National Company Law Tribunal (NCLT) had on September 27, 2019 issued notices over the petition filed under Section 45 of the Arbitration & Conciliation Act, 1996 by two service providers seeking arbitration in the issue. This was challenged before the NCLAT by Triveni Turbine, which is in dispute with its JV partner General Electric. "We are not inclined to interfere with the impugned order dated September 27, 2019," said the NCLAT. It further said that the tribunal is required to decide the interlocutory Applications .

AGR order: Are you a Voda Idea customer? Key things you should know

If firm files for bankruptcy, rules say its daily functions will continue till sale

NCLT orders inclusion of Videocon's overseas assets in insolvency

Videocon was in the first list of the 12 largest accounts that the Reserve Bank of India referred for bankruptcy in late 2016

KEC sees civil works opportunity in oil & gas sector in absence of IL&FS

To test the waters, Kejriwal says they'll bid for smaller projects worth Rs 50-250 crore

DHFL's former directors move NCLT seeking participation in CoC meetings

The DHFL former directors were denied participation in the CoC meetings as its board was superseded by the Reserve Bank of India (RBI) in November 2019.

Takeover rules for unlisted companies only protect the price, say experts

According to legal experts, a takeover is when a non-controlling shareholder takes control and a squeeze-out is when a controlling shareholder squeezes out minority shareholders

Insolvency process: MCA orders SFIO probe into Castex Technology affairs

Castex Tech started its resolution process in December 2017 with a debt of Rs 6,000 crore

NCLT allows Indiabulls group to recover dues from loans assigned to DHFL

DHFL continued to act as a collecting agent for the two Indiabulls entities and deposited the collections with IDBI Trusteeship

Dalmia Cement subsidiary Calcom and GuarantCo settle claims amicably

Sources said, the settlement amount was under Rs 100 crore

Takeover code for unlisted companies rolled out with safeguard norms

Analysts say rules may have a bearing on Tata Sons in midst of battle with its ex-chairman Mistry