Crackdown on black money: Over 2 lakh companies deregistered; bank accounts frozen, says government
The statement further said that banks have been asked to employ 'enhanced diligence while dealing with companies' and keep a watch on companies which are defaulting in filing financial statements or annual returns.
Sep 05, 2017, 17:20 PM IST
Vikram Bakshi case: NCLT issues show-cause notice to McDonald's Corporation
NCLT, which on Monday reserved its orders over two contempt pleas filed by Bakshi in his ongoing fight against McDonald's, asked his counsel to seek relief from the National Company Law Appellate Tribunal (NCLAT) where matter is already pending.
Sep 05, 2017, 17:17 PM IST
NCLT allows Bank of Baroda's recovery plea against Amrapali Silicon City project
Amrapali Silicon City has only one project in sector 76 Noida, UP, and nearly 1,000 flat buyers would be affected by an NCLT order.
Sep 04, 2017, 21:58 PM IST
Ruias shave off 67% of Rs 1.05 trillion group debt with EOL sale
The Ruias-promoted Essar Group, as of March 2017, had a long term debt of Rs 1.05 trillion and a working capital loan of Rs 30,000 crore at the holding company and group companies level, taking the total burden to Rs 1.35 trillion.
Aug 21, 2017, 19:56 PM IST
NCLT's insolvency proceedings forces Jaypee to 'adjust' deals
Jaypee Infratech is offering its flat owners fresh deals to shift their bookings to its new property in Greater Noida.
Aug 21, 2017, 11:36 AM IST
NCLT must treat home buyers at par with banks: Assocham
An Ordinance, if needed, should be brought to amend the Insolvency and Bankruptcy Code (IBC) for protecting the right of home buyers, it suggested.
Aug 20, 2017, 13:39 PM IST
Insolvency law aims at saving promoters not banishing them: Finance Minister
Addressing a CCI-summit on insolvency and bankruptcy here on Saturday, he said the law now sides more with the lenders, as the slew of changes in the existing laws is aimed at speeding up the NPA resolution.
Aug 19, 2017, 19:27 PM IST
NPA resolution not to liquidate companies, but to help save them: Finance Minister
Explaining the rationale for the new insolvency and bankruptcy code (IBC), he said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.
Aug 19, 2017, 13:43 PM IST
Home buyers who have deposited money with developers must get possession: Arun Jaitley
Expressing government's sympathy with the flat buyers, Finance Minister Arun Jaitley said that people who have deposited money with the developers should get possession of their flats.
Aug 16, 2017, 17:22 PM IST
NCLT approves RCOM-Aircel merger, Brookfield deal
The National Company Law Tribunal (NCLT) on Monday passed an order allowing the Aircel-Reliance Communications merger and also the Brookfield Towers sale to proceed.
Aug 14, 2017, 15:48 PM IST
Big Story Big Debate : What lies in future for home buyers with builders at verge of bankruptcy?
NCLT has started the insolvency proceedings against Jaypee Infratech on the request of IDBI Bank. Home buyers are now in stress as their investment in Jaypee's projects face grave danger. This is the case with investors who have invested their earnings in various other projects. Watch to know what options do home buyers have.
Aug 13, 2017, 17:09 PM IST
Idea-Vodafone deal gets conditional go-ahead from Sebi, bourses
BSE and NSE said they reserve rights to raise objections at any stage if the information submitted to them is found to be incomplete, incorrect, misleading, false or for any contravention of rules and regulations.
Aug 07, 2017, 20:45 PM IST
NCLT reserves order on Bhushan Steel bankruptcy petition
The National Company Law Tribunal (NCLT) on Wednesday reserved its order over the bankruptcy petition filed by the country's largest lender SBI against Bhushan steel Ltd.
Jul 19, 2017, 14:14 PM IST
AirAsia fund diversion case: Tata Sons denies Cyrus Mistry charges
Tata Sons on Wednesday rejected the allegations that its ousted chairman Cyrus Mistry has made against managing trustee of Tata Trusts R Venkataramanan and linking him to some wrongdoings at Air Asia India.
Jul 05, 2017, 19:25 PM IST
SBI moves NCLT, files insolvency against Electrosteel
SBI has initiated insolvency proceedings before NCLT against Kolkata- based Electrosteel Steels to recover Rs 10,000 crore in loans as bankers tighten screws on big corporate defaulters.
Jun 29, 2017, 15:32 PM IST
Home finance listing: RCap gets NCLT nod for shareholders' meet
The company has already received 'no-objection' from the BSE and the NSE on the scheme.
Jun 21, 2017, 14:54 PM IST
12 defaulters identified by RBI to be named soon: Finance Ministry
The Finance Ministry on Wednesday said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public.
Jun 14, 2017, 21:49 PM IST
FACTBOX: India's bankruptcy code process for creditors, defaulters
Outlined here are the steps lenders must now take in a process that could take six months to nine months.
Jun 14, 2017, 16:13 PM IST
Tata Sons welcome NCLT order
Tata Sons on Monday welcomed the order of an apex corporate tribunal which ruled against a petition that had alleged mismanagement by the company.
Apr 24, 2017, 17:12 PM IST
Ratan Tata praises judicial process for 'professionalism'
Top industrialist Ratan Tata today praised the judicial process for its "professionalism and fairness", days after the NCLT rejected Cyrus Mistry's plea against Tata Sons.
Apr 22, 2017, 21:41 PM IST
