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1-10 results from 183 for query «nclt»

17 September, 2018 4:04 AM Lenders may be staring at 92% haircut in recoveries from 124 of 136 stressed firms

Data compiled by the Insolvency and Bankruptcy Board of India (IBBI) suggests that creditors are possibly staring at an average haircut of 92 percent in recoveries from 124 out of the 136 stressed firms that were facing liquidation under the Insolvency and Bankruptcy (IBC) code at the end of the June quarter because of the absence of resolution plans 39

10 September, 2018 9:04 AM Buy Axis Bank; target of Rs 750: Motilal Oswal

Motilal Oswal is bullish on Axis Bank has recommended Buy rating on the stock with a target price of Rs 750 in its research report dated September 09, 2018. RBI approves appointment of Mr. Amitabh Chaudh ry as MD & CEO of Axis Bank for a perio d of 3 years with effect from 1 -Jan -19 up to 31- Dec -21. Mr. Chaudh ry’s term will thus begin after Ms. Shikha 61

8 September, 2018 12:43 PM NCLT approves merger of LuK India, INA Bearings with Schaeffler India

Schaeffler India had filed before NCLT, Mumbai, seeking approval of the merger. Schaeffler India Saturday said the National Company Law Tribunal (NCLT), Mumbai, has cleared amalgamation of the two group companies -- INA Bearings India and LuK India -- with itself. NCLT, Chennai, had in June approved the scheme of amalgamation filed before it by LuK India 41

5 September, 2018 2:59 PM Looking For A Recharge Plan Under 100 Rupees? Here's What Airtel, Jio Offer

Bharti Airtel on Tuesday launched three new prepaid recharge packs for its customers. The new recharge packs are priced at Rs. 35, Rs. 65 and Rs. 95. Other telecom operators such as Reliance Jio, Bharti Airtel and Vodafone India are also offering similar packs to woo customers. Reliance Jio also offers similar packs in the range of Rs 19 to Rs 99. The telecom 62

5 September, 2018 8:04 AM JSW Steel gains 2% as company acquires 88% in Monnet Ispat

Energy (MIEL) following completion of the insolvency resolution proceedings. The National Company Law Tribunal (NCLT) had earlier approved Rs 2,875-crore bid by a consortium of Aion Investments and JSW Steel to acquire the bankrupt Monnet Ispat & Energy, which owes over Rs 11,000 crore to a clutch of lenders. The Aion-JSW consortium was the sole bidder 75

1 September, 2018 6:25 AM Monnet Ispat says NCLT's insolvency resolution plan completed

Bankrupt Monnet Ispat & Energy on August 31 said the insolvency resolution plan approved by NCLT has been completed under which JSW Steel has provided a working capital advance of Rs 125 crore. The bankrupt Monnet owes over Rs 11,000 crore to a clutch of lenders. "This is to inform you that, as on August 31, 2018, the company has completed the necessary 89

30 August, 2018 12:42 PM Tribunal Gives Nod To Vodafone-Idea Merger: Report

New Delhi: The National Company Law Tribunal (NCLT) has approved the merger of Vodafone India and Idea Cellular, sources told IANS on Thursday. The clearance comes after the Department of Telecommunications (DoT) approved the merger last month. Vodafone India and Aditya Birla Group-promoted Idea Cellular on March 20, 2017 announced their much-awaited 48

29 August, 2018 9:26 AM NCLAT admits Cyrus Mistry's petition against order upholding his removal

The National Company Law Appellate Tribunal (NCLAT) today admitted a petition moved by outsted Tata Sons Chairman Cyrus P Mistry seeking to set aside an order of a Mumbai-bench of the company law tribunal upholding his removal. In the July 9 order, a bench of NCLT Mumbai had dismissed Mistry's plea challenging his removal as Chairman of Tata Sons. Hearing 53

24 August, 2018 7:51 AM Tata Sons Cannot Force Cyrus Mistry To Sell His Shares: Tribunal

However, the two-judge bench headed declined Mistry's appeal to stay the conversion of Tata Sons into a private company. New Delhi: In a partial relief to Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares. However, the two-judge bench headed by Justice S.J. Mukhopadhyaya 90

24 August, 2018 6:38 AM NCLAT declines stay on Tata Sons' conversion to private co; says Mistry can't be forced to sell stake

While declining to pass any order on the conversion of Tata Sons into a private company from a public limited firm, NCLAT today asked Tata Sons not to force Cyrus Mistry to sell his shares in the company till his appeal is pending. The National Company Law Appellate Tribunal (NCLAT) said that pending the litigation here, the Cyrus Mistry camp which was seeking 55