National Company Law Tribunal
Infrastructure
NBCC gets govt backing for revised offer to take over Jaypee Infratech
State-owned NBCC (India) Ltd said on Wednesday it has received the government's approval for its revised offer to take over...
Manufacturing
Ruchi Soya lenders approve Patanjali Ayurved's revised takeover offer
Lenders to Ruchi Soya Industries Ltd have approved a revised offer by Patanjali Ayurved Ltd, the consumer goods company backed...
Manufacturing
ABG Shipyard heads to junkyard as NCLT orders liquidation
A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder ......
Manufacturing
CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units
A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has...
Consumer
Hotel Leelaventure's deal with Brookfield hits a wall as ITC moves NCLT
Cigarette-to-hotels company ITC Ltd has approached the National Company Law Tribunal (NCLT) against debt-ridden Hotel Leelaventure...
Manufacturing
Ballarpur Industries unit dragged to bankruptcy court for second time
Kotak Mahindra Bank has dragged BILT Graphic Paper Products Ltd to the bankruptcy court after the unit of Avantha group-promoted...
Consumer
Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation
Absconding diamantaire Mehul Choksi-promoted Gitanjali Gems Ltd is headed for liquidation after a majority of its lenders decided...
Finance
Govt may direct state-run banks on bad debt after court's rejection of RBI rules
The government could issue directions to state-run banks to resolve corporate default cases and ensure there is no tampering with...
Finance
NCLT says Sterling Biotech withdrawal a case for re-entry of defaulting promoters
Hearing the Sterling Biotech case, the National Company Law Tribunal (NCLT) said that withdrawal from proceedings can violate...
Infrastructure
Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order
An appellate tribunal has dismissed an order by a bankruptcy court to liquidate Jyoti Structures Ltd and asked it to ......
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