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  Singapore Airlines gets FDI nod for Vistara-Air India merger, to form world’s largest airline group

  Business | August 30, 2024 12:04 IST

  The merger, first announced in November 2022, is anticipated to be completed by the end of 2024. Singapore Airlines noted that the completion of the deal is contingent on compliance with Indian laws and other regulatory approvals.

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  Byju's faces insolvency proceedings as it fails to pay Rs 158.9 crore sponsorship fee to BCCI

  Business | July 16, 2024 21:02 IST

  Byju's and BCCI entered into a sponsorship agreement in 2019 through which the Edtech company got exclusive rights to display its trademark on the kit of the Indian cricket team, however, it failed to pay the sponsorship after June 2022.

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  Jet Airways VP-operations Sudhir Gaur quits, Priyapal Singh replaces him

  Business | January 06, 2022 18:43 IST

  The grounded airline, which is expected to resume operations this year under its new promoters Murari Lal Jalan-Kalrock consortium, in a regulatory filing clarified that Gaur was not the interim CEO of the company.

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  NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

  Business | March 12, 2020 13:54 IST

  The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's USD 16-billion acquisition of Flipkart.

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  NCLAT allows JSW Steel acquire Bhushan Power

  Business | February 17, 2020 18:03 IST

  The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate.

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  NCLT refuses to reopen CG Power books as SEBI probe underway

  Business | December 18, 2019 19:41 IST

  The Ministry of Corporate Affairs (MCA) last month approached the NCLT seeking to reopen the financial statements of CG Power Industrial Solutions for the period raging from financial year 2015-19 on the basis of the company's announcement on the exchange about financial irregularities.

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  Hopes reignite for Jet Airways: NCLT asks lenders to release lifeline

  Business | September 25, 2019 20:30 IST

  The RP of Jet Airways had moved NCLT on September 20 seeking directions to the lenders, who own 51 percent in the airline since March, to release interim funds.

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  Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airlines

  India | June 28, 2019 16:40 IST

  In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airlines through the NCLT process, members of the consortium said.

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  NCLAT allows withdrawal of Liberty House bid for ARGL

  India | March 08, 2019 14:27 IST

  NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

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  NCLAT suspends its hearing due to fire inside CGO complex

  Business | March 06, 2019 12:04 IST

  "Due to fire incident in Pt Deen Dayal Antyodaya Bhawan on Wednesday morning, the Court proceedings etc. of NCLAT shall remain suspended till further notice," said a notice on the portal of NCLAT.

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  Multiple options explored; selling IL&FS as profitable entity best case scenario: Injeti Srinivas

  Business | November 05, 2018 16:05 IST

  IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.

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  IFC seeks USD 30 million defaulted by Punj Lloyd; moves insovency plea at NCLT

  Business | October 04, 2018 14:16 IST

  IFC is seeking recovery of USD 30 million defaulted by Punj Lloyd. Earlier in June, ICICI Bank had approached NCLT to recover Rs 830 crore of outstanding loans to the firm.

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  Govt moves NCLT management change at IL&FS

  Business | October 01, 2018 12:29 IST

  Debt defaults by certain group entities of diversified IL&FS have triggered fears of liquidity crisis in the financial markets and the RBI has been taking steps to improve the overall cash situation.

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  NCLAT amends order on Essar Steel, adds Darius Khambata as senior counsel

  Business | September 17, 2018 15:57 IST

  World's largest steel manufacturer ArcelorMittal and Russia's VTB Capital-backed Numetal are in a race to acquire debt-ridden Essar Steel.

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  Lakshmi Mittal-led ArcelorMittal revises bid for Essar Steel to Rs 42,000 crore

  Business | September 11, 2018 14:42 IST

  Days after the National Company Law Appellate Tribunal (NCLAT) held the second round of bids for debt-laden Essar Steel valid, ArcelorMittal India put in a revised offer to the lenders of the company.

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  NCLT adjourns case against Unitech after SC stay on govt takeover

  Real Estate | December 20, 2017 16:32 IST

  The Supreme Court stayed an NCLT order directing a management take-over of the firm by a group of directors appointed by the Centre.

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  Insolvency row: SC stays NCLT order on govt takeover of embattled real estate firm Unitech

  Real Estate | December 13, 2017 12:16 IST

  Unitech had moved SC challenging the NCLT's order saying "no coercive steps for execution" can be taken in view of a November 20 order of the top court.

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  Bad loans: Day of reckoning for 28 companies as RBI deadline to initiate insolvency proceedings ends

  Business | December 13, 2017 9:56 IST

  According to ICRA, the list has accounts from diverse sectors and a total exposure of about Rs 1.15 lakh crore.

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  Unitech moves Supreme Court as Centre eyes takeover in ‘public interest’, hearing on Tuesday

  Real Estate | December 11, 2017 13:48 IST

  “We are more concerned with home buyers and not the company or those holding fixed deposits,” the top court said, while fixing the hearing for Tuesday.

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  More trouble for RCom, two Chinese lenders back CDB’s insolvency petition against Anil Ambani's telco

  Business | December 06, 2017 14:29 IST

  The ICBC and Export-Import Bank of China are planning to support China Development Bank's insolvency petition against RCom.