SpiceJet subsidiary SpiceXpress to get USD 100 million from UK groupBudget carrier SpiceJet on Monday said its subsidiary SpiceXpress and Logistics will receive USD 100 million investment from a UK-based gro...
15 May, 2023, 11.52 AM IST
JSW Steel entity to buy National Steel & AgroJSW Steel is believed to have offered ₹400-425 crore to acquire the company, a person with knowledge of the matter told ET. National Steel ...
08 Oct, 2022, 05.43 PM IST
Vedanta, Adani, JSW Infra, submit EOIs for Karaikal PortThe NCLT’s Chennai bench had admitted Karaikal Port for insolvency proceedings via an order dated April 29, following an application made b...
02 Aug, 2022, 10.40 PM IST
JM Financial ARC allowed to substitute BoI as petitioner in NSAIL insolvency caseInitially, in 2014, National Steel & Agro entered into a loan agreement with the consortium led by IDBI Bank for over Rs 1,431 crore, in wh...
24 Jan, 2022, 01.11 PM IST
JM Financial Asset Reconstruction Company allowed to substitute Bank of India as petitionerBSE-listed National Steel & Agro owes about Rs 1,600 crore to its lenders. On Friday, the Mumbai bench of the National Company Law Tribunal...
24 Jan, 2022, 07.29 AM IST
Sebi to auction properties of Sunheaven Agro on Jan 18Sunheaven Agro had garnered funds from more than 7,700 investors through issuance of redeemable preference shares without complying with pu...
28 Dec, 2020, 02.27 PM IST
Single-member bench cannot hear insolvency plea, rules NCLATIndore-based Indison Agro Foods Ltd, which is facing insolvency resolution, has argued in its case that the law requires the bench to consi...
31 Aug, 2020, 11.32 AM IST
NCLAT sets aside insolvency proceedings against Sarda Agro OilsIn an order, a three-member bench of the NCLAT said the date of default is computed from the date of declaration of account as a NPA (Non P...
28 Aug, 2020, 07.31 PM IST
NCLT allows liquidator to sell company stressed assets attached by agencies“The liquidator is permitted to sell the assets of the corporate debtor…which were attached by the Enforcement Directorate, subject to the ...
24 Jul, 2020, 09.49 PM IST
What is RERA?The RERA Act was brought in to eradicate problems within the sector.
31 Jan, 2020, 01.54 PM IST
Assets of companies under insolvency can’t be attached by agenciesThe Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.
13 Dec, 2019, 07.51 AM IST
Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraudED had attached Rs 100 crore worth of property of REI Agro, once a prominent rice processing unit, for alleged money laundering. The compan...
03 Sep, 2018, 08.17 AM IST
Companies under insolvency process to face additional surveillance from June 11The data available with the BSE shows that 75 firms, including ABG Shipyard, Electrosteel Steels, Mandhana Industrie, are undergoing insolv...
09 Jun, 2018, 05.26 PM IST
Godrej, Patanjali among 4 FMCG giants for Ruchi SoyaIf successful, Patanjali gets a firm foothold in the cooking oils business where Adani, through its partnership with Wilmar, Emami and Godr...
03 May, 2018, 06.42 PM IST
Dozen more companies could face bankruptcy proceedingsA senior government official told ET that the IAC can recommended action on these accounts, most of whom owe money to a consortium of banks.
01 Jul, 2017, 12.27 PM IST
Creditors of REI Agro file for insolvency under new Bankruptcy LawThe powers of the board has been suspended and they are now vested on Anil Agarwal. Following the NCLT order, a moratorium is granted to th...
07 Mar, 2017, 03.24 PM IST
- Indage Vintners challenges wind-up order; hearing on Thursday
In its appeal, troubled wine-maker Indage said it was not insolvent and its workers would suffer if it was to be liquidated.
05 Apr, 2010, 01.49 AM IST