[ad_1] The bankruptcy court has allowed the State Bank of India's petition seeking to initiate insolvency proceedings against Kolkata-based steelmaker Reform Ferro Cast and appointed Arun Kumar Gupta as its interim resolution professional. State-owned lender SBI had approached the Kolkata bench of the National Company Law Tribunal (NCLT) against the...
NCLT clears Jio buy of Reliance Infratel, Legal News, ET LegalWorld – Legal Firms
[ad_1] The National Company Law Tribunal (NCLT) in Mumbai Monday approved Reliance Infratel Ltd’s (RITL) acquisition by Reliance Project and Property Management Services Ltd (RP&PMSL), an arm of Reliance Jio that looks into the telco's tower and fibre business, bringing the bankruptcy resolution of the Anil Ambani company to a...
NCLT admits SBI’s insolvency plea against Gayatri Projects, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Hyderabad bench of the National Company Law Tribunal (NCLT) has admitted a petition by the State Bank of India (SBI) to start bankruptcy proceedings against Gayatri Projects as lenders increase pressure on the debt-laden engineering, procurement and construction (EPC) company to recover dues of over ₹6,000 crore.SBI's petition...
Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process, Legal News, ET LegalWorld – Legal Firms
[ad_1] Kolkata: The Reliance Infratel (RTIL) bankruptcy resolution may be finally headed for a close after two years. A Reliance Jio Infocomm arm has recently moved a fresh application in the National Company Law Tribunal (NCLT) Mumbai, offering to deposit the total resolution sum of Rs 3,500 crore in a...
SC, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, The Supreme Court has said a borrower cannot claim further extension of time as a matter of right for making payment under the one-time settlement (OTS) scheme. The apex court said the borrower has to establish any right in its favour to claim the extension as a...
NCLT admits insolvency plea against infrastructure firm Valecha Engineering, Legal News, ET LegalWorld – Legal Firms
[ad_1] A bankruptcy court in Mumbai has admitted listed infrastructure firm Valecha Engineering under the Corporate Insolvency Resolution Process (CIRP) and has appointed Anurag Kumar Sinha as the interim resolution professional of the company.The State Bank of India (SBI) had filed an application in the Mumbai bench of the National...
Vijay Mallya’s lawyer urges SC to relieve him from case, Legal News, ET LegalWorld – Legal Firms
[ad_1] NEW DELHI: A lawyer representing fugitive businessman Vijay Mallya on Thursday urged the Supreme Court to relieve him from representing Mallya, who is residing in the United Kingdom, as he is not receiving any communications from him.Advocate EC Agarwala told a bench of Justices DY Chandrachud and Hima Kohli...
Bombay HC stays order against housing society ‘at behest of BJP MLA’, Legal News, ET LegalWorld – Legal Firms
[ad_1] MUMBAI: The Bombay high court has stayed an order passed by the assistant registrar, cooperative societies (suburbs), appointing an administrator and directing freezing of the bank account of a Goregaon (east) housing society at the behest of BJP’s Borivli MLA Sunil Rane."It is apparent that the impugned order dated...