Earlier, NCLAT had directed the NCLT Ahmedabad bench to take a decision on the resolution plan submitted by ArcelorMittal by March 8. Finally, global steel
Day: March 9, 2019
MSME sector added up to 14.9 million jobs per annum in last four years, claims CII survey – The Economic Times
The survey, however, points out the need for greater hand-holding of those MSMEs who are currently not using these initiatives to help them gain from
IBC–NCLT benches to be set up at Amaravati, Indore – The Economic Times
The government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh.
IBC–NCLAT directs NCLT to decide on JSW’s bid for Bhushan Power & Steel by Mar 31 – The Economic Times
Earlier, on February 4 the NCLAT had dismissed the plea of Tata Steel and upheld lenders’ decision to approve resolution plan of JSW Steel for
IBC–Mukesh Ambani’s bid to buy Alok Industries gets NCLT green light; RIL-JM Financial Rs 5050 cr-bid okayed – The Financial Express
Mukesh Ambani’s bid to buy Alok Industries gets NCLT green light; RIL-JM Financial Rs 5050 cr-bid okayed Mukesh Ambani’s plan to buy out Alok Industries
ArcelorMittal wins Essar Steel IBC case as NCLT clears Rs 42,000-crore bid; but has the wait ended? – The Financial Express
ArcelorMittal got a major boost on Friday in its bid to acquire bankrupt Essar Steel, with the National Company Law Tribunal approving the Rs 42,000-crore
IBC–Maximising value of assets! JIL CoC to form core group to work with NBCC, Suraksha – The Financial Express
The Committee of Creditors (CoC) of Jaypee Infratech (JIL) will form a core group of its members, who will hold deliberations with resolution applicants —
Solving the farm riddle | Business Standard Editorials
The second advance estimates of national income for the current financial year that were recently released by the Central Statistics Office (CSO) made a sobering read. For
Fiscal Yin, monetary Yang | Business Standard Column
Earlier this week I wrote an article saying the next government’s biggest problem is going to be money. In that context, here’s a question that
IBC–Back door entry for errant promoters? – The Hindu BusinessLine
In a bid to keep out errant and wilful defaulters from buying back stressed assets, Section 29A was inserted into the Code (Insolvency and Bankruptcy
Banks coming out of PCA framework may not see sudden growth in credit – The Hindu BusinessLine
The recent exit of six banks from the Prompt Corrective Action (PCA) measure of the RBI may not be enough to immediately spur credit growth.
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