Free Press Journal
  • Bhushan seeks 90 days extension to file results

    New Delhi : Debt-ridden Bhushan Steel has sought 90 days extension to file its audited financial results for the quarter and year ended March 31, 2018. Tata Steel completed the acquisition of controlling stake of 72.65 per cent in the debt-laden firm last week.  As per regulatory norms, the company is under obligation to submit its audited financial results for quarter and year ended March 31, 2018 within 60 days from the

  • Essar insolvency process put on hold

    The case will be heard on a day-to-day basis from July 23. NCLAT agreed to hear all cross petitions filed by Numetal and ArcelorMittal on their disqualification.

  • NCLAT declines to stay Tatas’ Bhushan deal

    New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Monday declined to stay Tata Steel’s acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process.

  • Renaissance challenges Vedanta-Electrosteel deal

    New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted the petition of Renaissance Steel challenging Vedanta’s bid for debt ridden Electrosteel.

  • Binani Ind offers to repay 100% debt of cement unit

    New Delhi : Binani Industries, which holds a 98.4 per cent stake in debt-ridden Binani Cement, on Wednesday offered to clear the 100 per cent claims of creditors at the National Company Law Appellate Tribunal.

  • Tatas move NCLAT over Liberty bid for Bhusan

    New Delhi : Tata Steel has moved the National Company Law Appellate Tribunal (NCLAT) challenging the order of NCLT, which had last month directed the CoC of debt ridden Bhushan Power & Steel to consider the bid of UK-based Liberty House.

  • Google fails to get NCLAT stay on Rs 136-crore CCI penalty

    New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Monday reserved its order on an interim plea of Google seeking a stay on Rs 136 crore fine imposed by fair trade regulator CCI.

  • Google moves NCLAT over Rs 120-cr antitrust fine

    New Delhi : Google has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against a judgment from the Competition Commission of India (CCI) that found it guilty of “search bias”, sources said.

  • Decks cleared for RCom to sell assets to RJio

    New Delhi : Anil Ambani-led telecom firm Reliance Communications (RCom) on Friday said the National Company Law Appellate Tribunal (NCLAT) has passed an interim order to allow the company to execute its Rs 25,000-crore asset monetisation programme.

  • Binani Ind moves NCLAT over sale of cement unit

    New Delhi : Binani Industries has moved the National Company Law Appellate Tribunal against the Resolution Professional (RP) of Binani Cement, alleging that its order was not followed while declaring the successful resolution plan for the struggling cement maker.

  • McDonald’s row: No relief to Bakshi

    New Delhi : The National Company Law Appellate Tribunal Thursday refused to pass any interim order on estranged partner Vikram Bakshi’s plea against termination of franchise licence agreement by US-based fast food chain McDonald’s. This means the fate of 169 McDonald’s stores in north and east India hangs by a thread as CPRL’s licence to operate the outlets lapsed on September 5.

  • McDonald’s dispute puts channel partners on a sticky wicket

    New Delhi : Food and raw material suppliers, mall operators and employees of McDonald’s are an agitated lot these days because of its decision to close 169 outlets across north and east India in view of its legal battle with franchise partner Vikram Bakshi. Other than the 6,000 employees staring at job loss, several partners like frozen food suppliers, dairy product and sauce suppliers as also mall operators are up against an

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