Page 20 - Nclt

Lanco Infratech and lessons from a failed group resolution of troubled debt

The firm fundamentally has no assets, say experts. Ten of its subsidiaries are under corporate insolvency, most holding either a single or a group of road or power assets

Lenders to debt-ridden DHFL to meet on Monday to take call on bids

DHFL was the first finance company to be referred to the NCLT by the RBI using special powers under Section 227.

Videocon insolvency case: Dhoot family offers to pay Rs 30k cr to lenders

A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told PTI

Adani, Piramal, Oaktree and SC Lowy submit bids for troubled DHFL

Oaktree bids for entire company, Piramal for retail loan book

Path to restart Jet Airways operations tough, uncertain, says expert

He also said that the "terms" accepted by the Jet Airways creditors did not make sense to CAPA

Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

DHFL lenders brace for haircut after foreign bidders back out of race

Only two firms in race for retail, wholesale, and slum rehabilitation authority portfolio

Deccan Value Investors want 'win-win' solution for Amtek: Hedge fund's exec

Lenders must fulfill conditions that they signed with the auto parts maker, says Vinit Bodas.

Future group, Amazon to initiate arbitration proceedings over RIL deal

Amazon says the deal violates the no-compete contract signed with the Future group and the RIL-Future deal will derail its plans to buy a stake in Future Retail Ltd

ArcelorMittal likely to bid for Uttam Galva after its admission to NCLT

ArcelorMittal had taken a bulk of Uttam Galva's debt to become eligible for the Essar Steel bid under the insolvency law and became a significant financial creditor

Lenders to consider Videocon promoters' application for debt resolution

If the lenders agree to the proposal made by VIL's promoters, then it will be one of the first big ticket debt resolution by the lenders via Section 12A of the IBC

Japan's NTT to invest $2 bn in India to set up data centres over next 4 yrs

It will be building new campuses in neighbouring Navi Mumbai, Chennai and Noida, and also augmenting capacities at its existing facilities in the financial capital and Bengaluru

DHFL used multiple software to hide fraudulent deals: forensic report

FoxPro used to show disbursements, receipt of funds from over 260,000 fictitious borrowers

Tribunals on ventilators

Their predicament has worsened after the surprise lockdown

NCLAT sets aside NCLT order rejecting insolvency plea against Coastal Oil

The NCLAT''s direction came over a petition filed by Bank of India and Central Bank of India, challenging the NCLT order

NCLT to send Samay Electronics case to 3rd member after split verdict

The two-member Ahmedabad bench of the National Company Law Tribunal (NCLT) had delivered the split verdict on February 26, 2020

Govt decriminalises Companies Act to promote greater ease of doing business

The bill, passed on Saturday in the Lok Sabha, comes at a time when companies are reeling under stress due the coronavirus (Covid-19) pandemic

All you need to know about the Companies (Amendment) Bill 2020

Listen to the podcast to know about the changes introduced in the Companies Act

SC rejects SBI plea to vacate stay on invoking Anil Ambani's personal guarantees

While the personal guarantee matter is being heard by the SC, the fate of dues worth Rs 45,000 crore, including to the Chinese banks, will be decided by the NCLT where the matter is still pending

Anil Agarwal's Vedanta sole bidder for Videocon's 25% in Ravva oil block

Videocon is undergoing insolvency proceedings at the NCLT with a separate bidding process being undertaken for the Ravva block