From NCLT to 4,800% returns: It’s a multibagger amid market mayhem
Not just that! The stock also scripted a trailblazing comeback from 52-week lows.
Covid-19 puts question mark on IBC process
Many potential buyers of bankrupt companies may pull out of the race or renegotiate valuations
NCLT allows 90 days' extension for Jet Airways insolvency process
Jet Airways' resolution professional had last week filed an application in ...
National Company Law Tribunal to not accept any fresh filings till March 27
The NCLT Registrar advised that until filing counters are open, parties are directed not to make filings unless the matter is likely to be hit by limitation issues. "Only in cases that have limitation issues, matters may be filed online at Delhi, Mumbai, Hyderabad, Amravati and Jaipur and hard copy may be handed over when filing counters are opened," it said.
NCLT allows 90 more days to find out the revival plan for Jet Airways
The dedicated bankruptcy court has allowed the plea filed by the resolution professional (RP) of Jet Airways seeking an extension of 90 days for the corporate insolvency resolution process (CIRP).
Nicco Corp promoters lose rights to be in the board of NPRL
This is according to a National Company Law Appellate Tribunal verdict which said the promoters’ rights to be on board are transferable, and upheld a National Company Law Tribunal’s bench order asking them to vacate their position on the board. The appellate body hears appeals against the orders passed by NCLT.
Jet Airways shares jump 4.42% as Nifty tumbles
The stock quoted a 52-week high of Rs 366.95 and a 52-week low of Rs 14.7.
NCLAT sets aside Ferro Alloys promoters plea against NCLT approval
Earlier, the Committee of Creditor (CoC) had approved Sterlite Power Transmission Ltd's (SPTL) bid by 95.15 per cent of voting share, which was subsequently also passed by the NCLT on January 30, 2020.
Reliance Communications files resolution plan with NCLT
“RCom in accordance with the stipulations contained in Regulation 30 of the SEBI ....hereby informs ...that resolution professional of RCom has duly filed the resolution plan as approved by the CoC with the... NCLT, Mumbai Bench on March 6, 2020 in accordance with Section 30(6) of the Insolvency and Bankruptcy Code, 2016,” said the company.
NBCC gets NCLT nod to buy Jaypee Infratech
Resolution of Jaypee Infratech’s bankruptcy case will provide relief to around 20,000 homebuyers in the company’s residential projects in Noida and Greater Noida. In its bid, NBCC had proposed to complete these stuck projects.
Jet Airways Resolution Professional seeks 90 days extension for bids from NCLT
The committee of creditors (CoC) had on February 18 set the new deadline of March 10 for submission of bids for the grounded airline after South American conglomerate Synergy Group and New Delhi-based Prudent ARC failed to meet the deadline.
ArcelorMittal, Nippon Steel sign $5.14 billion loan pact to refinance Essar Steel buy
The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd. Other banks part of the loan pact are MUFG Bank Ltd , Sumitomo Mitsui Banking Corp, Mizuho Bank Europe N.V. and Sumitomo Mitsui Trust Bank Ltd (London Branch), Nippon Steel said in a statement.
NCLT approves NBCC bid for Jaypee Infratech
The resolution professional for Jaypee Infratech, Anuj Jain, had filed a plea before the NCLT to approve NBCC's bid. Jaypee Infratech's creditors, including both financial and homebuyers, had approved the bid by the NBCC, which in turn has promised to complete the projects left midway by Jaypee Infratech.
Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT
The NCLT Delhi bench on Tuesday approved the bid of state-owned NBCC to acquire debt-laden JIL through an insolvency process and complete around 20,000 pending flats over the next three and a half years. The court also ordered that the Rs 750 crore deposited by JAL with the registry of the Supreme Court would be part of the resolution plan.
Jaypee Infratech gains 4% as NBCC gets NCLT nod to acquire firm
NBCC got approval from the NCLT to acquire the debt-laden firm through an insolvency process
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service