ArcelorMittal’s Essar Steel win spells loss for Gujarat
The Gujarat government is set to lose as much as ₹1,150 crore* if the dedicated bankruptcy court upholds the committee of creditors’ […]
Month: November 2018
Liberty House misses deadline to pay Amtek, Adhunik lenders
Steel major Liberty House, which made a binding offer to purchase ArcelorMittal’s steel plants in Europe, missed the deadline to pay local […]
NCLT asks Ingen to deposit ₹334 crore
The Chennai Bench of the National Company Law Tribunal (NCLT) has directed Ingen Capital Group LCC, which was selected to take over Orchid […]
Dena, Kotak banks withdraw plea against Alok Industries RP
Dena Bank and Kotak Mahindra Bank Ltd, two dissenting financial creditors of debt-ridden textile maker Alok Industries Ltd, have withdrawn their applications against the resolution […]
5 entities shortlisted to streamline online registration process: SEBI
Regulator SEBI has shortlisted five entities including Deloitte and Ernst & Young that will be entrusted with the task of improving online registration […]
RBI starts process to set up digital Public Credit Registry for capturing all details of borrowers
The Reserve Bank has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including […]
Govt exploring multiple options including sale of crisis-hit IL&FS: Official
The government is mulling the sale of crisis-hit Infrastructure Leasing and Financial Services (IL&FS) as one of the options to resolve issues […]
Ministry of Micro, Small and Medium Enterprises
In exercise of powers conferred by section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the […]
ICAI speeds up Pending Disciplinary Matters
The Institute of Chartered Accountants of India has constituted one more bench of the board of discipline to fast track all pending […]
212 firms went for liquidation under IBC: official
Around 212 firms were sent for liquidation under the Insolvency and Bankruptcy Code (IBC) till September-end, a top official said Saturday. Insolvency and […]