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1-10 results from 193 for query «nclt»

10 November, 2018 1:35 PM Shareholders of Bharat Financial will meet over merger with IndusInd Bank next month

Bharat Financial Inclusion Ltd (BFIL) on Saturday said its shareholders' meeting will be held on December 11 to approve the merger of the microfinance company with IndusInd Bank. In accordance with the NCLT order, meeting of the equity shareholders and secured creditors of BFIL is scheduled on December 11, 2018, the company said in a regulatory filing 56

5 November, 2018 12:56 PM Tata Steel looks at unified branding for newly-acquired cos

Bhushan Steel's own brand will continue to be in place for now, Anand Sen said. Tata Steel will adopt a unified branding strategy for all newly-acquired companies, a top official of the steel major said on November 5 . The company has recently taken over stressed steel plants of Bhushan Steel and the steel business of Usha Martin. It is also vying for more assets 71

5 November, 2018 4:19 AM ArcelorMittal’s Essar Steel win may result in Rs 1,150cr loss for Gujarat govt: Report

The Gujarat government stands to lose around Rs 1,150 crore if the National Company Law Tribunal (NCLT) upholds the committee of creditors’ recommendation to accept ArcelorMittal’s resolution plan to acquire Essar Steel, a Mint report states. These dues are classified as operational creditors and ArcelorMittal’s proposal does not make any provision 86

2 November, 2018 1:41 AM Stocks in the news: Axis Bank, Inox Leisure, Parag Milk, SRF, Trent, IIFL Holdings, GSK Consumer

Jindal Drilling | Parag Milk Foods | Aarti Industries | Reliance Home Finance | Laurus Labs | Paramount Communications and SRF are stocks which are in the news today. HPCLÂ Q2: Profit falls 36.5 percent to Rs 1,092 crore versus Rs 1,719.2 crore; revenue rises 0.3 percent to Rs 67,517.9 crore versus Rs 67,311.5 crore; EBITDA drops 26.7 percent to Rs 2,121.8 crore 81

29 October, 2018 11:15 AM Century Textiles Q2 net profit jumps 3-fold to Rs 156 crore

Century Textiles & Industries (CTIL) today reported nearly three-fold jump in its standalone net profit of Rs 156.52 crore for the second quarter ended September 30. The company, which has received shareholder's nod to to sell its cement assets to Ultratech on October 24, had posted a net profit of Rs 52.78 crore in the July-September quarter a year ago, CTIL said in a BSE filing 55

19 October, 2018 1:10 PM JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

Sajjan Jindal-led JSW Steel is exploring various financing models, including a 'joint control mechanism', to fund the acquisition of the stressed assets of Bhushan Power and Steel and Essar Steel, a source said. This assumes significance as JSW Steel's Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 percent 62

4 October, 2018 6:32 AM IFC moves insolvency plea against Punj Lloyd at NCLT

International Finance Corporation (IFC) Thursday moved an insolvency plea against infrastructure firm Punj Lloyd before the National Company Law Tribunal (NCLT). A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upstream Ltd. The tribunal has directed both the petitions to list on October 52

1 October, 2018 10:46 AM NCLT approves govt's takeover of IL&FS board; Uday Kotak to be chairman

The National Company Law Tribunal (NCLT) has approved the takeover of IL&FS board by government nominees. The National Company Law Tribunal (NCLT) has approved the takeover of IL&FS board by government nominees, saying mismanagement at the crisis-ridden financier makes it a fit case of supersession of the board under Article 241 of the Companies Act. A new six-member 61

1 October, 2018 6:42 AM IL&FS Crisis: Government Moves NCLT To Change Company's Management

Debt defaults by certain group entities of diversified IL&FS have triggered fears of liquidity crisis in the financial markets. The government has moved National Company Law Tribunal (NCLT) for change of management at the crisis-hit IL&FS, according to a senior official. Debt defaults by certain group entities of diversified IL&FS have triggered fears 57

25 September, 2018 2:48 AM NCLT clears way for liquidation of Moser Baer India

The National Company Law Tribunal (NCLT) has allowed insolvency proceedings against debt-ridden Moser Baer India, a manufacturer of CDs and DVDs. In a regulatory filing, Moser Baer said the decision has come on a plea filed by its lender Alchemist Asset Reconstruction Company Ltd. The NCLT in its September 20 order has allowed liquidation of the company 75