Essar Steel challenges SBI’s insolvency plea at NCLT’s Ahmedabad bench – Business Standard

Essar Steel on Monday sought dismissal of an application for insolvency proceedings filed against it by lead creditor State Bank of India (SBI) on “technical grounds” at the National Company Law Tribunal (NCLT), Ahmedabad bench. The ongoing hearing of insolvency proceedings against Essar Steel initiated by SBI and Standard Chartered Bank (SCB) at…

Jyoti Structures: NCLT admits corporate insolvency resolution process filed by SBI – Zee Business

Key Highlights:  Jyoti Structures owes over Rs 7,000 crore to bankers Jyoti Structures defaulted over Rs 1,200 crore to SBI Jyoti Structures first company to go for bankruptcy process Jyoti Structures on Monday said that the NCLT has admitted a corporate insolvency resolution process (CIRP) filed by its lead lender State Bank of India (SBI). …

Rangers hero Barry Ferguson bankrupt with debts of over £1.4million after failing to settle tax bills – The Scottish Sun

BARRY BANKRUPT The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman FORMER Rangers star Barry Ferguson has been made bankrupt with debts of more than £1.4million. The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman.…