Sunday, May 26, 2019 | Last Update : 06:36 AM IST

search on deccanchronicle.com

NCLAT

NCLAT

A two-member bench headed by Chairman Justice S J Mukhopadhaya asked all parties, including ArcelorMittal, to file their written submissions over their submissions by Wednesday.

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

Essar Steel has reported an Ebitda of around Rs 4,000 crore during the over 600 days of insolvency period.

21 May 2019 5:20 PM

AIOVA, as mentioned in CCI order, is a group of over 2,000 sellers selling on e-commerce marketplaces such as Flipkart, Amazon, Snapdeal etc.

NCLAT to hear online vendors' plea against CCI order on Flipkart

NCLAT has also approved the delay of 12 days in filing appeal against the order of the CCI.

21 May 2019 1:13 PM

The NCLAT would continue to hear the Essar Steel insolvency case on May 21.

ArcelorMittal to pay Rs 42K cr for Essar Steel takeover: Co tells NCLAT

Senior advocate Harish Salve appearing for ArcelorMittal accused Ruias of creating hurdles in Essar Steel resolution process.

20 May 2019 5:15 PM

The affidavit, however, said that 'figures from April 1, 2019 till date are not available'.

Essar Steel reports Rs 4,229 crore EBITDA during insolvency period

The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal.

19 May 2019 12:43 PM

The voting process was to end on Sunday and the outcome declared on May 20.

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

The NCLAT also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.

17 May 2019 2:24 PM

Mittal's association with these companies would make him ineligible as a bidder.

ArcelorMittal resolution plan violative of IB Code: Ruia to NCLAT

Essar Steel submitted before the NCLAT that the resolution plan moved by ArcelorMittal is in violation of the IBC.

16 May 2019 8:39 AM

Reserve Bank of India

RBI follows tribunal diktat on IL&FS loans

Green category firms’ loans may be settled by July end.

09 May 2019 4:23 AM

In its petition, ESAHL said Arcelor Mittal India Ltd and its promoter Lakshmi Mittal had "misled" the Supreme Court, lenders and insolvency court into believing that they had ceased to have any business association with Pramod and Vinod Mittal and their companies.

Essar Steel shareholder seeks rejection of ArcelorMittal bid for company

Essar Steel shareholder ESAHL said ArcelorMittal India Ltd and its promoter Lakshmi Mittal had 'misled' Supreme Court.

07 May 2019 3:10 PM

The NCLAT had in February prohibited banks from recognising any accounts of IL&FS and its group entities as NPAs without first seeking approval from the tribunal.

Banks can mark IL&FS loans as NPA: NCLAT

The bench, however, observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.

03 May 2019 2:08 AM

Presently, Infrastructure Leasing & Financial Services (IL&FS) Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process.

NCLAT allows banks to declare defaulting ILFS accounts as NPAs

NCLAT has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.

02 May 2019 4:53 PM

RCom in February 2019 had announced its decision to opt for insolvency proceedings following its failure to sell assets for paying back its lenders. (Photo: PTI)

RCom withdraws plea against NCLT order allowing bankruptcy proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

30 Apr 2019 5:44 PM

CoC of Essar Steel has divided creditors of the company into two types -- one with claims under Rs 1 crore and another above Rs 1 crore.

Essar Steel posts EBITDA of Rs 2,000 crore, may use funds to repay creditors

The CoC had challenged the orders of the NCLAT of March 18 and March 20 before the Supreme Court by filing an SLP.

29 Apr 2019 1:45 PM

The RBI moved the review petition on March 19 and a decision is pending now as the tribunal had sought corporate affairs ministry's views to the RBI demand.

RBI asks banks to disclose IL&FS provisions in Q4 accounts

RBI has asked banks to disclose the IL&FS and group entities exposure in the notes to accounts in a standard proforma.

25 Apr 2019 9:02 AM

The CoC of Essar Steel has divided operational creditors of the company into two types -- one with claims under Rs 1 crore and another above Rs 1 crore.

Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT

The NCLAT would continue the hearing in the matter on Wednersday.

24 Apr 2019 8:44 AM

Reliance Group Chairman Anil Ambani.

NCLAT seeks Anil Ambani's reply on HSBC Daisy's plea over non-payment of dues

NCLAT has directed that the matter be listed on May 20, 2019 for admission.

17 Apr 2019 1:18 PM

RBI has moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs.

Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 Apr 2019 8:53 AM

Financial creditors recovered 48.24 per cent of their admitted claims and operational creditors got 48.41 per cent of their admitted claims. (Representational Image)

Creditors recover nearly half of total claims in 88 insolvency cases

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.

15 Apr 2019 2:00 PM

The bench also asked ArcelorMittal to file an affidavit before it, detailing the steps to be taken for implementation of the resolution plan of debt ridden Essar Steel.

NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr for acquiring Essar Steel

The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week.

09 Apr 2019 3:58 PM

NCLAT listed the matter for next hearing on April 22 and said "CoC would not approve any other plan" in between.

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

Amtek Auto has a total debt of Rs 12,603 crore and the liquidation value of its assets was determined at Rs 4,119 crore.

29 Mar 2019 2:54 PM

MCA had said that the impleadment of the additional respondents, including Usha Ananthasubramanian, was essential because they all are necessary and proper parties.

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches NCLAT

The appellate tribunal had directed to list the matter on April 29 for next hearing.

27 Mar 2019 9:14 AM

1 of 6

ADVERTISEMENT

MOST POPULAR

Muslim family names newborn son 'Narendra Modi' in UP

The infant's mother Menaj Begum also hailed the governance of the Narendra Modi government and expressed hope of being benefited by the next government's schemes. (Photo: ANI)

Here are some hilarious election result-themed memes

From comparing Indian politicians to 'Game of Thrones' characters to taking a jibe at Farhan Akhtar's late reaction tweet, memesters left no stone unturned. (Photo: ANI)

Warner, Smith booed by crowd in warm-up match against England

There were scattered boos when opening batsman Warner walked out to bat along with captain Aaron Finch in the warm-up match after Australia lost the toss. (News.com.au/Twitter)

Man slapped a staggering 52 times by girlfriend

An investigation by the police showed that the man had been slapped 52 times by the woman. (Photo: Representational/Pixabay)

Congress worker loses bet to BJP mate on poll results, shaves off head

Sen, who shaved his head in front of the people of Harana village in Rajgarh, attributed this defeat to party's unfulfilled promise of loan waivers to the farmers. (Photo: ANI)

Bharat star Salman Khan remembers his co-star Laxmikant Berde; find out what he said

A still from Hum Aapke Hain Koun featuring Salman Khan and Laxmikant Berde. (Photo: YouTube/Rajshri)

ADVERTISEMENT

ADVERTISEMENT

Lifestyle Gallery

The most stylish of the lot of Indian celebrities who graced the red carpet at Cannes this year.

Cannes Film Festival 2019: India’s most stylish

Top actors, singers from around the world graced the prestigious Cannes red carpet on Day 10.

Cannes Film Festival Day 9: Celebrities turn up for Cinema against AIDS benefit

Top actors, singers from around the world graced the prestigious Cannes red carpet on Day 9.

Cannes Film Festival Day 9: Celebrities stun on the red carpet

Top actors, singers from around the world graced the prestigious Cannes red carpet on Day 8.

Cannes Film Festival Day 8: Glitz and glam on a roll

A model is seen with peony design body paint and a hat made of peonies. (Photo: AP/Matt Dunham)

RHS Chelsea Flower Show: A celebration of horticultural excellence

Top actors, singers from around the world graced the prestigious Cannes red carpet on Day 7.

Cannes Film Festival Day 7: Celebs put on a display of dazzling dresses

ADVERTISEMENT