Vedanta, Jindal Power among 14 entities bidding for SREI Infra Fin, SREI Equipment Finance
Vedanta Limited and Jindal Power Limited are among 14 entities/persons who have expressed their interest in acquiring Srei Infrastructure Finance...
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Ruchi Soya to offer 19% shares to public through FPO priced at Rs 615-650
Pantanjali group-owned Ruchi Soya Industries is all set to offer more shares to public with its latest follow-on public offer...
Reliance Industries emerges successful bidder for textile company Sintex Industries
Reliance Industries Ltd (RIL) successfully bids for another company undergoing corporate insolvency resolution process (CIRP). This time it is listed...
Major victory for Nicco Corporation staff; Liquidator ordered to recalculate dues
The employees of Nicco Corporation Ltd, the Kolkata-based EPC and Cable manufacturer, got a major victory after the National Company...
Jammu branch of HMT ordered to be dissolved
The Chandigarh Bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of Government of India-owned HMT Chinar...
Section 29A does not disqualify a resolution applicant permanently: Tribunal
The intention of Section 29A could never have been to disqualify a resolution applicant permanently if there is an initial...
Ballarpur Industries avoid liquidation for now
Gautam Thapar-owned Ballarpur Industries Ltd (BILT) has avoided liquidation for now as the National Company Law Appellate Tribunal (NCLAT) has...
Related party financial, operational creditors cannot be discriminated against in resolution plan
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has said that the related Party financial or operational...
Here are some fraudulent transactions by ABG Shipyard uncovered during insolvency process
Even before the CBI took the lid off the bank loan fraud committed by ABG Shipyard and its promoter and...
Haldia Petrochemicals ‘bags’ Coastal Oil & Gas Infrastructure for Rs 37.5 crore
The Amravati bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Haldia Petrochemicals Ltd for...