NTPC acquires Jhabua Power Limited through Corporate Insolvency Resolution route
Mumbai: State-run integrated power generation company NTPC has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
Vedanta, Adani Ports, JSW Infra, Jindal Power submit EOIs for Karaikal Port auction
The upcoming auction of Karaikal Port, which is undergoing insolvency procedure under the National Company Law Tribunal (NCLT), is likely to see the participation of Vedanta, Adani Ports and Special Economic Zone, JSW Infrastructure, Jindal Power, and a consortium of RKG Fund and Sagacious Capital, media reports said.
ZEE-Sony receives merger approval from BSE, NSE
Mumbai/IBNS: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Friday granted approval to Zee Entertainment Enterprises Ltd (ZEEL) regarding its proposed merger with Culver Max Entertainment Pvt. Ltd. (previously Sony Pictures Networks India Private Limited).
NCLT allows insolvency proceedings against Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) allowed a consortium of lenders, led by Bank of India, to initiate insolvency proceedings against debt-laden Future Retail, media reports said.
Pawan Hans sale put on hold after NCLT order against winning consortium member
New Delhi: Government has put on hold the sale of Pawan Hans as it is scrutinizing the legal aspects of an NCLT order on Alamas Global, which is one of the members of the winning consortium, according to reports.
Jalan-Kalrock Consortium appoints Sanjiv Kapoor CEO of Jet Airways
Mumbai: Sanjiv Kapoor, who has headed revenue and strategy departments at SpiceJet and Vistara, will be the new CEO of Jet Airways, as the company plans to restart operations in the coming summer.
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.