corporate insolvency resolution process

New Delhi, March 26 Leading cement maker UltraTech Cement on Thursday said it has settled with Jaiprakash Associates Ltd (JAL) in the arbitration dispute over the Dalla Super unit and associated mines.In a regulatory filing, UltraTech Cement said 1,00,000 Series A Redeemable Preference Shares...

New Delhi, March 26 Leading cement maker UltraTech Cement announced on Thursday that it has reached an agreement with Jaiprakash Associates Ltd (JAL) in the ongoing arbitration over the Dalla Super unit and associated mines.In a regulatory filing, UltraTech Cement said it will redeem 100,000...

Gurugram, March 26 The Economic Offences Wing of the Delhi Police has filed an FIR against Gurugram-based real estate firm Experion Developers Private Limited and its related entity Experion Capital Private Limited for fraud, based on a complaint filed by the Enforcement Directorate, according...

New Delhi, March 9 Secretary of the Department of Financial Services, M Nagaraju, chaired a review meeting on Monday to monitor the progress in top insolvency and bankruptcy cases pending for admission and resolution at the National Company Law Tribunal (NCLT).The meeting was attended by...

Mumbai, March 4 The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Marvel Group promoter Vishwajeet Jhawar.The NCLT Mumbai order, pronounced on January 30 by Justices Prabhat Kumar and Sushil Mahadeorao Kochey, was passed on a petition filed...

New Delhi, March 1 The appellate tribunal, NCLAT, has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot – challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries.Personal...

New Delhi, February 26 The Supreme Court said on Thursday that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings can be initiated against both a principal debtor and its corporate guarantor for the same debt.A bench comprising justices Dipankar Datta and Augustine George...

New Delhi, February 25 State-owned power giant NTPC announced on Wednesday that a consortium consisting of the company and MAHAGENCO has completed the acquisition of Sinnar Thermal Power under insolvency proceedings on February 24.However, NTPC did not disclose the value of the transaction in...

New Delhi, February 22 The National Company Law Appellate Tribunal (NCLAT) has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has reached an agreement with its financial creditor.A two-member bench of the National Company Law Appellate Tribunal (NCLAT)...

New Delhi, February 19 The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear for questioning on February 26 after he skipped his scheduled appearance this week, official sources said on Thursday.His wife, former actress Tina Ambani, has also...

New Delhi, February 17 Tina Ambani, wife of Reliance Group chairperson Anil Ambani, skipped the Enforcement Directorate (ED) summons for the second time on Tuesday.The former actor, who was summoned in connection with a money laundering case, did not appear before the federal investigation...

New Delhi, February 16 Tina Ambani, former actress and wife of Reliance Group Chairman Anil Ambani, is expected to appear before the Enforcement Directorate (ED) on Tuesday for questioning in a money laundering case.This is the second summons issued to the 69-year-old Tina Ambani.She was...

New Delhi, February 16 The National Company Law Tribunal (NCLT) has appointed a two-member committee to assess the progress of construction of projects of Jaypee Infratech, controlled by the Suraksha Group, and submit a comprehensive status report to it.The Corporate Insolvency Resolution...

New Delhi, February 10 The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani and his wife Tina Ambani to appear for questioning in a money laundering case next week, officials said on Tuesday.Tina Ambani, 68, a former actress, was asked to appear before...

New Delhi, February 10 The Enforcement Directorate is expected to issue fresh summons to Tina Ambani, the wife of Reliance Group Chairman Anil Ambani, for questioning in a money laundering case after she failed to appear on the scheduled date, officials said on Tuesday.Tina, 68, a former...