nclt

NCLT approves Tata Steel Long Products’ amalgamation with Tata Steel – ET Infra

[ad_1] NEW DELHI: Tata Steel Long Products Ltd on Thursday said the National Company Law Tribunal (NCLT) has approved the amalgamation of the company with Tata Steel Ltd. Tata Steel is to merge Tata Steel Long Products and six other subsidiaries with itself. In a regulatory filing, Tata Steel Long Products said the NCLT’s Cuttack […]

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Dalmia Bharat’s deal to buy Jaypee’s cement assets hits a legal hurdle – ET Infra

[ad_1] Dalmia Bharat‘s acquisition of Jaiprakash Associates‘ cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at one of the joint-venture plants that was to be acquired as part of the transaction, according to sources aware of the matter. As per stock exchange disclosures by New Delhi-based Dalmia Bharat,

Dalmia Bharat’s deal to buy Jaypee’s cement assets hits a legal hurdle – ET Infra Read More »

NCLT approves Invent Assets to acquire Steamline Industries – ET Infra

[ad_1] The consortium of Invent Assets Securitisation & Reconstruction Company Pvt Ltd and GMT Pipes & Tubes Pvt Ltd’s bid to acquire Mumbai-based steel pipe manufacturer Steamline Industries Ltd is approved by the Mumbai National Company Law Tribunal. The consortium offered Rs 24.74 crore against admitted claims of over Rs 166 crore for the company.

NCLT approves Invent Assets to acquire Steamline Industries – ET Infra Read More »

NARCL likely to wind up Srei group’s equipment finance arm – ET Infra

[ad_1] After completion of the takeover of two Srei grou p firms through NCLT route, state-owned asset reconstruction company NARCL is expected to retain only one of the acquired companies, official sources said. The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of NARCL for takeover of the twin

NARCL likely to wind up Srei group’s equipment finance arm – ET Infra Read More »

With Rs 1,000 cr at stake, Tata Steel moves SC in Bhushan Steel case – ET Infra

[ad_1] Tata Steel, which took over bankrupt Bhushan Steel in 2018, has challenged the Delhi High Court order regarding an avoidance application in the Supreme Court. The division bench stated that Tata Steel cannot benefit from the amounts received, and those benefits of about Rs 1,000 crore should be appropriated to the creditors, according to

With Rs 1,000 cr at stake, Tata Steel moves SC in Bhushan Steel case – ET Infra Read More »

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

[ad_1] 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

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

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