NCLT clears Rs 5000 crore plan of RIL-JM Fin ARC for Alok Industries

Under the new Insolvency and Bankruptcy Law, the Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday approved a Rs … from Google Alert – Insolvency https://ift.tt/2TCPr9V File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Sterling Biotech lenders accept one-time settlement, agree to 65% haircut

In a statement to the stock exchanges, the company said, “The committee of creditors has approved the withdrawal of the Corporate Insolvency … from Google Alert – Insolvency https://ift.tt/2TEW4sr File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

LN Mittal set to gain control of Ruias’ Essar Steel

The company owes over Rs 49,000 crore to over two dozen banks, led by State Bank of India, which had referred the case for insolvency resolution to … from Google Alert – Insolvency https://ift.tt/2IZtqhz File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT Ahmedabad bench clears ArcelorMittal’s resolution plan for takeover of bankrupt Essar Steel

… violates Section 12A of the Insolvency and Bankruptcy Code and was not maintainable despite being higher in amount that that of ArcelorMittal's bid … from Google Alert – Insolvency https://ift.tt/2TyKVcJ File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT Admits ICICI Bank’s Insolvency Plea Against Punj Lloyd Over Rs 854-Crore Default

A two-member principal bench headed by President Justice MM Kumar admitted the lender's plea to initiate insolvency proceedings against Punj … from Google Alert – Insolvency https://ift.tt/2J0wOc8 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT clears ArcelorMittal’s Rs 42000 crore bid for Essar Steel (Lead)

… way for ArcelorMittal's entry into India, came after 583 days of the stressed asset being referred for insolvency proceedings, instead of the mandatory … from Google Alert – Insolvency https://ift.tt/2J0nRzf File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLAT allows Emaar MGF Land home buyers to file intervention applications

The SC on February 26, 2019 had ordered all parties involved to maintain status quo in the case related to the insolvency of Emaar MGF Land. from Google Alert – Insolvency https://ift.tt/2SUl9ek File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLAT allows withdrawal of Liberty House bid for Amtek Auto’s ARGL

A two-member bench, headed by Justice S.J. Mukhopadhaya, also pulled up Liberty House for not pursuing the corporate insolvency resolution … from Google Alert – Insolvency https://ift.tt/2TAs9BD File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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