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nclat
Promoters of Fortis Healthcare, Malvinder Singh and Shivinder Singh. (Photo: fortishealthcare.com)
NCLAT dismisses HDFC's insolvency plea against RHC Holding
10 Jul 2019 12:05 PM

The NCLAT had in January this year issued notices to RHC Holding and other parties and directed them to file their replies.

The NCLAT said financial creditors will get 60.7 per cent of their admitted claims of Rs 49,473 crore. The rest would go to operational creditors.
NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel
05 Jul 2019 9:15 AM

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational creditors.

NCLAT had earlier reserved its order over a batch of petitions against ArcelorMittal's Rs 42,000-crore takeover bid for Essar Steel.
NCLAT clears ways for takeover of Essar Steel by ArcelorMittal
04 Jul 2019 3:38 PM

Total claims of financial and operational creditors stand revised to Rs 69,192 crore.

In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire Jaypee Infratech.
Jaypee Infratech creditors meet to take stock of insolvency process
21 Jun 2019 12:31 PM

Last week, lenders filed a petition before the NCLAT to allow them to vote against NBCC's bid in ongoing insolvency process.

Lenders have decided to seek resolution under IBC since only a conditional bid was received.
Lenders seek Jet Airways bankruptcy in last-ditch sale effort
18 Jun 2019 10:59 AM

Jet and its lenders have been searching for new investors but have failed to agree a proposal.

The counsel further alleged that JAL is creating legal hurdles in the IBC proceedings.
Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank
17 Jun 2019 1:45 PM

A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.

The CoC will meet on May 30 to discuss NBCC's bid.
Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bid
29 May 2019 2:35 PM

As many as 13 banks and 23,000 homebuyers have voting rights in the committee.

A two-member bench headed by Chairman Justice S J Mukhopadhaya asked all parties, including ArcelorMittal, to file their written submissions over their submissions by Wednesday.
NCLAT reserves order on ArcelorMittal takeover of Essar Steel
21 May 2019 5:23 PM

Essar Steel has reported an Ebitda of around Rs 4,000 crore during the over 600 days of insolvency period.

The NCLAT would continue to hear the Essar Steel insolvency case on May 21.
ArcelorMittal to pay Rs 42K cr for Essar Steel takeover: Co tells NCLAT
20 May 2019 5:19 PM

Senior advocate Harish Salve appearing for ArcelorMittal accused Ruias of creating hurdles in Essar Steel resolution process.

The voting process was to end on Sunday and the outcome declared on May 20.
NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech
17 May 2019 2:45 PM

The NCLAT also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.

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