national company law tribunal

Insolvency process begins against Supertech Goup’s Supernova project in Noida

The National Company Law Tribunal (NCLT) has initiated corporate insolvency resolution process (CIRP) against Supertech Group’s subsidiary Supertech Realtors Private Limited, which is developing a commercial tower at the Supernova project in Noida, Sector 94, after it failed to pay a debt of ₹150 crore to the Bank of Maharashtra, in pursuance to an order […]

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NCLT initiates insolvency against Jaiprakash Associates, admits ICICI Bank plea – ET Infra

NEW DELHI: The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates Ltd, admitting the plea filed by private lender ICICI Bank. Jaiprakash Associates Ltd (JAL), which is the flagship firm of Jaypee Group, is mainly into construction, cement and hospitality businesses. JAL has sold many cement plants

NCLT initiates insolvency against Jaiprakash Associates, admits ICICI Bank plea – ET Infra Read More »

Amalgam steel’s acquisition of topworth gets NCLT nod – ET Infra

The bankruptcy court has approved the acquisition of Topworth Steel and Power Pvt Ltd by Amalgam Steel and Power Limited. The company had admitted liability of about ₹3,499 crore, whereas the successful bidder proposed to pay around ₹260 crore. “The overall feasibility and viability of the plan stands unaltered,” the division bench presided over by

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Jaiprakash Associates defaults on Rs 4,044-crore loans – ET Infra

Crisis-hit Jaypee Group‘s flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount. In a regulatory filing on Friday, Jaiprakash Associates Ltd (JAL) informed that the company on June 30th defaulted on repayments of a principal amount of Rs 1,660 crore and interest of Rs 2,384 crore. The

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JSW Steel to acquire National Steel and Agro for Rs 621 crore – ET Infra

NEW DELHI: JSW Steel will acquire flat-steel producer National Steel and Agro Industries (NSAIL) through the bankruptcy court for a cash consideration of Rs 621 crore through its wholly-owned subsidiary JSW Steel Coated Products, the company informed stock exchanges on Monday. The steelmaker had got the approval from the Mumbai bench of the National Company

JSW Steel to acquire National Steel and Agro for Rs 621 crore – ET Infra Read More »

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