Getting to this point wasn't easy. The road was riddled with challenges as much for ArcelorMittal as it was for stakeholders
The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means
Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company
Prime Minister Narendra Modi last week said the government is working to decriminalise some provisions of the Companies Act to make it easier to do business in the country
TBZSR's creditors have been asked to submit their claims to the interim resolution professional by January 3
Arun K Saha, erstwhile joint MD & chief executive officer (CEO), took home a hefty remuneration of Rs 6.88 crore for FY19. He was also a whole-time director of the subsidiaries and group companies.
On Thursday, Synergy Group Jet Airways' sole potential bidder had sought more time to take a decision on investing in the grounded airline
The South American group had failed to provide a resolution plan before December 16 deadline due to uncertainty on airport slots
The RP on December 17 had told the tribunal that until now two investors have shown interest in the airline
The NCLT will hear the Synergy Group on Thursday about the company's clarifications on its stand on the airport slots.
Aggrieved by ArcelorMittal's resolution plan, GAIL and GETCO filed separate interlocutory applications in the Ahmedabad-bench of NCLT
Most legal experts said that to come out of the current situation, InterGlobe Aviation needs to expand the size of its board of directors
CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.
The order for status quo can be seen as a victory for Sunil Goel, former Joint MD of the company, who had moved the NCLT against the sale of 25-acre project at Kokapet, Hyderabad
The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order
The appellate tribunal is expected to hear the case on Friday
The minister said that out of 18,782 cases filed under IBC, 2016 at the end of June 2019, 2,173 cases were admitted under the Code
DHFL is the first financial services firm that will undergo insolvency proceedings at the NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust