Tag: National Company Law Tribunal

Arcelor Mittal shows keenness in Bhushan Steel's stressed assets

Bhubaneswar: In a bid to enter Indian steel market, Steel major ArcelorMittal is considering to buy stressed assets of Bhushan Steel, which has  a good presence in auto steel categories with a 5.6 Million Tonne (MT) integrated steel plant in Odisha. According to reports published in national media, LN Mittal-led ArcelorMittal has submitted an expression […]

  • Friday, 23 July 2021
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SC restrains ArcelorMittal from paying for Essar Steel

New Delhi: The Supreme Court on Friday restrained steel manufacturing giant ArcelorMittal from acquiring Essar Steel India and ordered status quo on the March 8 order of the National Company Law Tribunal (NCLT) approving Arcelor’s bid for Essar. The Arcelor’s acquisition of Essar would have allowed Arcelor owner Lakshmi Mittal to begin its operations in […]

  • Sunday, 02 May 2021
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NCLT clears Bharti Infratel, Indus Towers merger

New Delhi: The Chandigarh bench of National Company Law Tribunal (NCLT) has approved the proposed merger of telecom infrastructure companies Bharti Infratel and Indus Towers. “National Company Law Tribunal (NCLT), Chandigarh Bench, vide its order dated May 31, 2019, has sanctioned the scheme of amalgamation and arrangement between Indus Towers Limited (transferor company) and Bharti […]

  • Friday, 30 April 2021
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Cabinet clears Companies (Amendment) Bill 2019

New Delhi: The Union Cabinet on Wednesday approved the Companies (Amendment) Bill, 2019 with an aim to increase ease of doing business and strengthening corporate governance. The Bill, when passed as an Act, would replace the Companies (Amendment) Second Ordinance, 2019 with certain modifications. “The proposed amendments will lead to further promotion of ease of […]

  • Wednesday, 28 April 2021
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NCLT Approves Sale Of IL&FS Education Arm To LEHL

Mumbai: The National Company Law Tribunal (NCLT) has approved the sale of IL&FS’s education business, Schoolnet India Ltd, to Lexington Equity Holdings Ltd (LEHL). As per the deal, LEHL will service the entire debt of Schoolnet and will pay equity of around Rs 7.39 crore to IL&FS, the parent company. LEHL already holds a 26.13 […]

  • Tuesday, 13 April 2021
324 Companies Filed For Bankruptcy Between 2018 To 2020
324 Companies Filed For Bankruptcy Between 2018 To 2020

As per data provided by the National Company Law Tribunal (NCLT), 149 in the year 2018, 103 in the year 2019 and 72 in the year 2020 making a total of 324 companies which have filed for bankruptcy during the aforesaid three years period. This was stated by Shri Anurag Singh Thakur, Union Minister of […]

  • Saturday, 03 April 2021
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