Mumbai: The Kolkata bench of the National Law Company Tribunal (NCLT) will hear State Bank of Indias (SBI) application to admit the case of insolvency proceedings against Electrosteel Steels Ltd, among the 12 cases identified by the Reserve Bank of Indias (RBI) advisory panel. Electrosteel Steels owes more than Rs10,200 crore to SBI-led consortium of…
Padlocked and falling apart: Rio Olympic legacy in tatters Waves batter the incline near the site of a collapsed section of a bicycle path in Rio de Janeiro, Brazil, on Thursday, April 21, 2016. Two people have died after a 50-meter section of a recently completed cycle path built as part of Rio de Janeiro’s…
By Lisa Mcloughlin For Mailonline Published: 01:53 +10:00, 10 July 2017 | Updated: 01:54 +10:00, 10 July 2017 e-mail View comments It’s been a tough difficult time for Boris Becker and his Lilly, after the former tennis ace was declared bankrupt in June. And now putting on a defiant display, the couple stepped out with…
NEW DELHI: RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June 13, RBI had said it has identified 12 accounts for insolvency proceedings with each of…
The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore. New Delhi: RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June…
New Delhi, Jul 8 () RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June 13, RBI had said it has identified 12 accounts for insolvency proceedings…
AHMEDABAD: The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code. A bench of Justice S G Shah stopped the NCLT from proceeding further against the Essar Steel on the firm’s contention that the RBI‘s direction to…
Stay on NCLT proceedings wll continue; RBI admits error in June 13 press release Ahmedabad, July 7: The Gujarat High Court on Friday adjourned the hearing on the Essar Steel Ltds petition challenging the insolvency proceedings filed by its lenders at the National Company Law Tribunal (NCLT) to July 12. This means that stay on…
By Ryan Smith for MailOnline Published: 21:30 +10:00, 7 July 2017 | Updated: 21:31 +10:00, 7 July 2017 e-mail 8 View comments It’s presumably been a tough few weeks for Boris Becker and his Lilly, after the former tennis ace was declared bankrupt late last month. But on Thursday, the couple showed that they were…
The Gujarat High Court will on Friday hear Essar Steels petition for staying the insolvency proceedings against the company over a plea submitted by its lenders at the National Company Law Tribunal (NCLT). Adjourning the hearing till July 7, the high court’s single-judge bench had asked the Reserve Bank of India (RBI) to…