Page 22 - Nclt

Govt considers measures to improve financial health of State Trading Corp

The measures, which are under consideration, include provision of adequate time for STC to repay bank loans and sale of immovable assets

JSW Steel files appeal against NCLT order on Bhushan Power resolution plan

Firm seeks immunity from criminal proceedings in ongoing fraud probe against Bhushan Power & Steel, after NCLT disposed of various reliefs sought by JSW from statutory authorities

Govt to banks: Don't use NCLT on daily basis to resolve stressed assets

Anurag Thakur, Minister of State for Finance and Corporate Affairs, assured bankers to take decision to lend to the industry without any fear of 'witch-hunting' in future by any investigative agencies

Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more

From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday

NCLT approves Patanjali's resolution plan for debt-ridden Ruchi Soya

Ruchi Soya owes over Rs 9,345 crore to financial creditors led by SBI

NCLT approves JSW Steel's Rs 19,700-crore bid for Bhushan Power & Steel

Adjudicating authority asks RP of Bhushan Power to redistribute profit made during CIRP among all creditors

JSW Steel's Rs 19,700-crore bid for Bhushan Power & Steel gets NCLT nod

The NCLT also rejected the objections raised by Tata Steel over the bids submitted by JSW and its erstwhile promoters

HC grants interim relief to BSR & Associates, stays proceedings in NCLT

BSR & Associates and Deloitte Haskins & Sells were the erstwhile auditors of IFIN

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

NCLT lets IL&FS sell 7 wind power firms to Japan's Orix for Rs 4,800 cr

Last month, IL&FS had said it would completely exit the wind energy business

NCLT starts insolvency proceedings against realty firm Today Homes Noida

Today Homes Noida Ltd had contended that UP-RERA has extended its timeline till June, 2021 to complete the Ridge Residency housing project in sector 135, Noida

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

Missing the bus… again and again

There is a sincere intent on the part of the policy makers, regulator and the industry to revive the sector. The plans, however, seem to be addressing some aspects and missing in comprehensiveness

Anil Agarwal, Mukesh Ambani join suitors' list for acquiring RCom assets

RCom referred itself to the NCLT for insolvency proceedings after it failed to repay its debt worth Rs 45,000 crore

NCLAT seeks Jet lenders' response on Dutch insolvency administrator's plea

Appellate tribunal asks Jet lenders to file affidavit in a week, to next hear the case on September 4

NCLAT asks Jet lenders if they would cooperate with Dutch administrator

A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhyay asked the Committee of Creditors (CoC) of Jet Airways to file an affidavit within a week in this regard

NCLAT declines interim relief to Deloitte, BSR Associates in IL&FS case

The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to give any interim relief to auditing firms Deloitte Haskins & Sells LLP and B S R Associates LLP with regard to a ban imposed on them in the IL&FS case. The NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, a three-member bench headed by Chairperson Justice S J Mukhopadhaya said. The NCLAT, however, said that the NCLT will not pass any final order till its next hearing on September 20. Listing the matter for September 20, the NCLAT also issued a notice to the Ministry of Corporate Affairs to file its reply within two weeks. The NCLAT was hearing appeals filed by Deloitte and BSR against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which on August 9, rejected their pleas of challenging its jurisdiction to ban them from the business for five years for their omissions and commissions in the IL&FS Group scam. The

IL&FS board seeks NCLT nod to sell wind assets to Orix Corp for Rs 4,800 cr

NCLT directed the IL&FS counsel to file a written submission on Wednesday

NCLT admits application for initiating insolvency proceedings against HDIL

Insolvency proceedings have been initiated against many real estate developers, including Jaypee Infratech, mainly because of default in loan repayment to banks and delivery of flats to home buyers