Jet Airways revival: Jalan Kalrock Consortium approaches NCLT to expedite capital infusion
New Delhi/IBNS: The Jalan Kalrock Consortium has approached the National Company Law Tribunal (NCLT) to expedite the implementation of the Approved Resolution Plan by infusing capital as the new owners of Jet Airways want to start paying the dues of all stakeholders.
Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani
Mumbai/IBNS: Reliance Industries Ltd (RIL) in partnership with Asset Care & Reconstruction Enterprise Ltd (ACRE) has submitted expressions of interest (EoI) for the bankrupt textile company Sintex Industries Ltd, as it looks to diversify into fashion.
Mumbai/IBNS: A division bench of Bombay High Court has delayed the next hearing in Zee Entertainment’s dispute against Invesco till November 29 on the issue of calling an Extraordinary General Meeting, according to media reports.
Invesco's demand for EGM illegal; board unable to approve : ZEE tells Bombay HC
Mumbai/IBNS: Zee Entertainment has said its board cannot give permission to hold an Extraordinary General Meeting (EGM), a day after Bombay High Court directed the company to fold the meeting as demanded by Invesco.
Bombay HC orders ZEE to call EGM as demanded by Invesco
Mumbai/IBNS: The Bombay High Court on Thursday ordered Zee Entertainment Enterprises Ltd to convene an extraordinary general meeting (EGM) as requisitioned by shareholders Invesco Developing Market Funds and OFI Global China Fund.
RBI moves NCLT to start insolvency proceedings against SREI group firms
Kolkata/IBNS: The Reserve Bank of India (RBI) has petitioned the National Company Law Tribunal (NCLT) to start insolvency proceedings against SREI group firms, media reports said quoting sources.
Zee should be given 'reasonable' opportunity to reply to Invesco's plea: NCLAT tells NCLT
Mumbai/IBNS: Zee Entertainment Enterprises Ltd (ZEEL) should be given "reasonable and sufficient opportunity" to reply to Invesco's plea seeking convening a meeting of the company's shareholders, the National Company Law Appellate Tribunal on Thursday told the NCLT, media reports said.
Mumabi/IBNS: The resolution plan submitted by the Jalan Kalrock Consortium for the corporate insolvency resolution of financially beleagured Jet Airways that went out of operations in April, 2019 was approved earlier today by the National Company Law Tribunal (NCLT), Mumbai Bench.
NCLT approves Jet Airways revival plan, may resume operations by end of calendar year: Report
New Delhi/IBNS: Debt-laden Jet Airways, which has been out of operations since 2019, may soon hit the skies, following the National Company Law Tribunal's (NCLT) approval of a revival plan submitted by a consortium of London-based Kalrock capital and the UAE-based businessman Murari Lal Jalan, according to a media report.
State Bank of India initiates steps to recover $158 million from Anil Ambani
Mumbai/IBNS: State Bank of India is taking steps to recover the two guarantees furnished by former billionaire Anil Ambani, which according to a news report is worth over $158 million, according to news reports.
NCLAT reinstates Cyrus Mistry as the executive chairman of Tata Sons
New Delhi/IBNS: The National Company Appellate Tribunal(NCLAT) in an order on Wednesday reinstated Cyrus Mistry as the executive chairman of the Tata Sons and declared the appointment of N Chandrasekaran in his place illegal.
New Delhi, Dec 12 (IBNS): Tata Chemicals has announced that National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement between Tata Chemicals Limited (TCL) and Yara Fertilisers lndia Private Limited for the transfer of TCL’s urea and customised fertilisers business to Yara by way of a slump sale.