HC disallows parallel proceedings in NCLT and debt recovery tribunal – Economic Times

An Allahabad High court ruling involving troubled automaker LML has put the spotlight on the need for neat sequencing of recovery initiatives by lenders, with both banks and company managements often rushing to dedicated tribunals to start bankruptcy proceedings. The court barred parallel proceedings in the National Company Law Tribunal (NCLT) and the Debt Recovery…

KordaMentha has revealed why CBS got the Ten Network and not Lachlan Murdoch – Business Insider Australia

The bid by Australian billionaires Lachlan Murdoch and Bruce Gordon for the Ten Network just didnt stack up against the offer from Americas CBS, according to administrators KordMentha. The American broadcast giant, a key content provider to Ten and one of its biggest creditors, is paying a minimum of $201.1 million for the Ten Network.…

High Court disallows parallel proceedings in NCLT and DRT – Economic Times

MUMBAI: An Allahabad High court ruling involving troubled automaker LML has put the spotlight on the need for neat sequencing of recovery initiatives by lenders, with both banks and company managements often rushing to dedicated tribunals to start bankruptcy proceedings. The court barred parallel proceedings in the National Company Law Tribunal (NCLT) and the Debt…

Can A PSU Be A Corporate Person Under Bankruptcy Code? NCLT Chennai Reserves Order – Live Law

The National Company Law Tribunal, Chennai, on Saturday, reserved an order that would clarify whether a PSU would fall within the ambit of a corporate person under the Insolvency and Bankruptcy Code. The matter before the Tribunal pertains to Petitions filed by power producers Ind. Bharath Power Gencom Ltd, Ind. Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited against…

Can A PSU Can Be A Corporate Person Under Bankruptcy Code? NCLT Chennai Reserves Order – Live Law

The National Company Law Tribunal, Chennai, on Saturday, reserved an order that would clarify whether a PSU would fall within the ambit of a corporate person under the Insolvency and Bankruptcy Code. The matter before the Tribunal pertains to Petitions filed by power producers Ind. Bharath Power Gencom Ltd, Ind. Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited against…

NCLT reserves order on petitions against Tangedco, say sources – Business Standard

The National Company Law Tribunal (NCLT), Chennai, has reserved orders in a batch of petitions filed by power producers Ind Bharath Power Gencom Ltd, Ind Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited against Tamil Nadu Generation and Distribution Company Ltd (Tangedco), the State government-owned power distribution company, according to legal…

Arundhati Bhattacharya advices SMEs to go in for equity capital, not debt – ETRetail.com

State Bank chairman Arundhati Bhattacharya today urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner. She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on their balance sheets. “One…