National Company Law Appellate Tribunal

The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned the hearing on the matter of the debt-ridden IL&FS to April 29.

The Supreme Court (SC) on Friday restrained steel manufacturing giant ArcelorMittal from acquiring Essar Steel India and ordered status quo on the March 8 order of the National Company Law Appellate Tribunal (NCLAT) which approved Arcelor’s bid for Essar.

The National Company Law Appellate Tribunal (NCLAT) hearing two major bankruptcy cases made substantial progress in them. One such proceedings pertain to the Infrastructure Leasing and Financial Services (IL&FS) which led to become a threat to savings made by investors.

The National Company Law Appellate Tribunal on Monday said it would decide on the insolvency of debt-ridden Reliance Communications (RCom).

There is a shocking revelation in the IL&FS crisis: it is understood that the government has paid up on sovereign guarantees to Asian Development Bank and KfW, a state-run bank of Germany.

The National Company Law Appellate Tribunal (NCLAT) on Friday asked the newly-appointed board of debt ridden IL&FS to submit details of the group’s dues.

Former MD and CEO of Punjab National Bank (PNB) Usha Ananthasubramanian has challenged the January 31 order of the National Company Law Appellate Tribunal’s (NCLAT) Mumbai Bench that made her a respondent in the PNB-Nirav Modi fraud case.

The National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider the Rs 4,000-crore resolution plan submitted by Sharad Sanghi and others

It seems like ArcelorMittal (AM) is inching closer to acquire the debt-hit Essar Steel with the National company Law Appellate Tribunal (NCLAT) on Monday giving a conditional approval to Rs 42,000 crore resolution plan of the world’slargest steelmaker for Essar Steel. 

Problems for the Anil Ambani’s debt-hit Reliance Communication (RComm) do not seem ending with the National Company Law Appellate Tribunal on Friday refused to direct State Bank of India to release Rs 2.6 billion of tax refunds of RComm to Ericsson India.