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NCLT slaps notice on SpiceJet
Aircastle (Ireland) Ltd files petition seeking initiation of insolvency resolution proceedings against the budget carrier; Next hearing is scheduled...
Future Retail gets more 90 days to conclude insolvency
Allowing FRL's plea the Mumbai bench of the NCLT has extended the deadline to July 15, 2023, for concluding the corporate insolvency resolution...
NCLT nod for Vedanta-Meenakshi deal
The mining major submitted a bid to buyout debt-laden power company for Rs 1,440 crore
5.86 GW thermal projects non-operational: Power Minister
Says average rate of sale of power came down to Rs 3.40 per unit in 2020-21 from Rs 3.95 in 2019-20 and Rs 3.65 per unit in 2018-19
Reliance Jio completes acquisition of RelInfratel
Deposits Rs3,720 cr in SBI escrow account for lenders; Jio submitted bid in Nov 2019, but process couldn’t take off due to differences among lenders...
NCLT nod for Jio to acquire RelInfratel
Mukesh Ambani-led Jio deposited Rs3,720 cr in an escrow account to complete the acquisition of his younger brother Anil Ambani’s Reliance Infratel,...
NCLT extends Rel Capital resolution plan deadline to Jan 31
The earlier deadline was Nov 1, 2022; This is the third extension as the timeline has been extended twice in the past
Future Retail to face insolvency proceeding
NCLT admits BoI’s plea to begin insolvency proceeding against Future Retail, while rejecting objection by Amazon
