Steel sector: NCLT resolution to settle over Rs1.6 tn of debt'

Companies with around 22 MT of crude steel capacity have been referred to NCLT in the first round of the stressed assets resolution process by RBI.

NCLAT asks Bhushan Power creditors to consider Liberty House bid

May 09 2018

NCLAT asked the creditors of Bhushan Power and Steel, which is facing insolvency proceedings, to consider the bid submitted by Liberty House.

Jaypee group deposits Rs 100 cr with Supreme Court's Registry

May 09 2018

Crisis-hit Jaiprakash Associates has deposited Rs 100 crore in the SC's Registry as per the court's directions in a case related to delay in delivery of flats by its subsidiary, according to sources.

Binani CoC likely to discuss UltraTech bid on May 9

May 07 2018

The Binani Committee of Creditors (CoC) is likely to meet on May 9 and discuss the revised bid of Ultra Tech Cement valued at around Rs 7900 crore for the debt-laden Binani Cement.

Bharti Infratel, Indus likely to invest 3,500 cr capex for FY'19

May 07 2018

Bharti Infratel and Indus are likely to invest Rs 3,500 cr in operations as capital expenditure for 2018-19 as they continue to operate on 'business-as-usual' mode till their merger happens.

NCLT suggests IBBI review insolvency code regulations

May 06 2018

NCLT has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not "misused or misinterpreted".

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