Ericsson seek withdrawn of insolvency proceeding; Rcom resists move: Media report

The move prompted NCLT to issue notices to both sides, asking them to present their legal position on whether insolvency proceedings should go on … from Google Alert – Insolvency https://ift.tt/2UdbwfL File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Sterling Biotech case: National Company Law Tribunal wraps the lenders

Mumbai: The National Company Law Tribunal (NCLT) in the Sterling Biotech case for the second time has questioned the motive of lenders, led by … from Google Alert – Insolvency https://ift.tt/2JQurc4 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Essar Steel CoC may vote against higher payments to StanChart

MUMBAI: The committee of creditors (CoC) in the Essar Steel insolvency case is likely to vote against higher payments to Standard Chartered, but may … from Google Alert – Insolvency https://ift.tt/2UgDWp3 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Orchid Pharma’s promoter firm too goes under resolution process

The Chennai bench of the National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process (CIRP) … from Google Alert – Insolvency https://ift.tt/2JRlq2v File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Amtek lenders seek NCLAT approval for fresh bidding round

… 2017 admitted Corporation Bank's plea for initiation of the corporate insolvency resolution process against the Delhi-based auto-component maker. from Google Alert – Insolvency https://ift.tt/2UjiIH9 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Setback for Anrak as HC allows SBI to go ahead with insolvency process

HYDERABAD: In a major setback to Anrak Aluminium company, the Telangana high court on Thursday allowed an appeal filed by RBI and allowed … from Google Alert – Insolvency https://ift.tt/2JPcHOf File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Mid air turbulence: Change in Jet Airways ownership a test case for the extended insolvency …

The transfer of control in Jet Airways from the airline's promoter Naresh Goyal to a consortium of lenders led by State Bank of India marks an inflection … from Google Alert – Insolvency https://ift.tt/2UmhZ7S File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT reads insolvency rules at Orchid Pharma’s promoter group firm

The insolvency resolution procedure will be applied on Orchid Healthcare, a promoter group company of Chennai-based Orchid Pharma, which is … from Google Alert – Insolvency https://ift.tt/2JNJKSO File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

RCom against closing insolvency plea, Ericsson wants it withdrawn

The RCom-Ericsson spat continued in the Supreme Court with the Swedish company insisting it should be allowed to close insolvency proceedings … from Google Alert – Insolvency https://ift.tt/2UmhPgM File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

NEW DELHI: Lenders of Amtek Auto on Thursday sought permission from the NCLAT to conduct a second round of bidding for the debt-ridden auto … from Google Alert – Insolvency https://ift.tt/2JO80Ey File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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