Alok Industries not to file financial results due to NCLT proceedings

May 25 2018

Alok Industries said it would not be able to file quarterly and annual results as it is facing liquidation before the NCLT under the Insolvency & Bankruptcy Code (IBC).

Electrosteel Steels seeks exemption for filing Q4 results

May 25 2018

Electrosteel Steels has sought exemption from Sebi from filing its financial results for the quarter and year ended on March 31, 2018.

NCLAT admits banks' petition over Jaypee land

May 24 2018

NCLAT admitted a petition filed by banks against NCLT order which had directed Jaiprakash Associates to return 760 acres of land to its subsidiary Jaypee Infratech.

Go ahead with selection of bids: NCLAT to Bhushan Power & Steel

May 24 2018

NCLAT asked CoC of Bhushan Power & Steel to proceed with the bids submitted by Tata Steel and UK-based Liberty House.

NCLAT asks RP, lenders, NCLT to hold order on Essar Steel

May 22 2018

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

RCom moves NCLAT challenging order allowing plea for insolvency

May 22 2018

RCom has moved NCLAT challenging the order of NCLT allowing a plea for its insolvency filed by Swedish telecom equipment major Ericsson.

Shell firms: I-T dept to file pleas in NCLT to extract tax due

May 21 2018

The I-T Dept is an "aggrieved creditor" to many de-registered shell companies and will petition the NCLT to recover tax dues of crores of rupees.

Jaypee group founder Jaiprakash Gaur joins JAL board

May 21 2018

Jaypee group's JAL said the "board has co-opted Jaiprakash Gaur on the board of the company as an additional director with effect from May 19, 2018."

Stocks to watch before trade begins on Monday

May 21 2018

Indian market lost ground on back of negative global cues, rising crude and bond yields. Confusion over government formation in the state of Karnataka prevailed throughout the week.

Finmin expects banks to get back over Rs 1 lakh cr

May 20 2018

Enthused by successful conclusion of Bhushan Steel case, the Finance Ministry expects banks to write back more than Rs 1 lakh crore after the resolution of all 12 NPA.

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