Axis Bank puts up Lanco Kondapalli Power projects for sale

Axis Bank has put up for sale Lanco Kondapalli Power, which owns and operates 1476 MW gas based power plants as the power producer failed to pay dues.

Alok Industries' majority lenders approve RIL acquisition bid

Jun 22 2018

Majority of lenders of textiles firm Alok Industries have approved Reliance Industries' resolution plan to acquire the debt ridden company.

UBI bets on resolution of 30 accounts referred to NCLT

Jun 16 2018

UBI, which referred 30 stressed accounts with an aggregated exposure of Rs 5,961 crore to NCLT in 2017-18 (FY18), is betting on the resolution of bad loan accounts.

ICICI's insolvency plea may not be admitted by NCLT: Punj Lloyd

Jun 14 2018

Punj Lloyd expressed hope that the insolvency plea against the company by ICICI Bank would not be admitted by the National Company Law Tribunal (NCLT).

Fortis withdraws "arrangement and amalgamation" scheme

Jun 14 2018

FHL has withdrawn a composite scheme of "arrangement and amalgamation between the company, Fortis Malar Hospitals, SRL and their respective shareholders and creditors", subject to NCLT approval.

FTIL: Govt examining NCLT order to decide next course of action

Jun 13 2018

The ruling pertained to a petition filed by the ministry seeking relief on various counts against the backdrop of the Rs 5,600-crore payment crisis at NSEL.

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