After this, the Committee of Creditors (CoC) is likely to meet to take a final call and send its recommendation to the NCLT, the sources added.
Since the conclusion of the fifth round of the bidding last month, Oaktree and Piramal Enterprises are claiming that their bid is highest and implementable.
The resolution plan by the consortium has already been approved by the lenders of the company. The National Company Law […]
In a statement on Saturday, IL&FS said that the aggregate value of debt being addressed is pegged at Rs 56,300 […]
The priority is to keep the company as a going concern rather than to liquidate them, she said, adding that […]
Under the Insolvency and Bankruptcy Code, resolution professionals and liquidators are required to determine whether corporate debtors concerned were subject to […]
The promoters of the Mumbai-based and at one point a listed firm on the BSE, owed around Rs 1,400 crore […]
Finance Minister Nirmala Sitharaman sought the cooperation of the members to pass the Bill in the House. Lok Sabha on […]
The tribunal also modified the resolution plan and said Rs 750 crore deposited by Jaiprakash Associates would be part of the plan. […]
However, the flat buyers moved the NCLAT against the order and Uppal agreed to complete the flats. NCLAT has decided […]