, ET Bureau| Updated: Nov 02, 2017, 11.13 PM IST The auto-component maker has failed to pay its vendor. MUMBAI: The New Delhi chapter of the National Company Law Tribunal (NCLT) has admitted Haryana-based Sandeep Axles Pvt for insolvency proceedings after the auto-component maker failed to pay its vendor. Operational creditor Regal Metal Ferro Alloys…
MUMBAI: Software firm Tech Mahindra (TechM) has withdrawn its insolvency case against Reliance Communications (RCom) from the National Company Law Tribunal (NCLT) in favour of a mutual, out-of-court settlement. A similar out of court settlement with equipment maker Ericsson appears tougher to pull together for RCom as the dues to the Swedish company Rs 1,150…
KOLKATA: The National Company Law Tribunal has ordered corporate insolvency resolution process against Assam Company India for defaulting Rs 596 crore in payments to Srei Infrastructure. The company, which is into multifaceted activities from tea plantation to oil & gas exploration, had guaranteed a Rs 100 crore loan taken by one Gujarat Hydrocarbon & Power…
By Jason Chester for MailOnline Published: 03:26 AEDT, 3 November 2017 | Updated: 03:48 AEDT, 3 November 2017 e-mail 3 View comments Anna Ermakova went some way towards proving the apple doesnt fall far from the tree as she stepped out in London on Wednesday afternoon. The 17-year old model bore a striking resemblance to…
Scrip ends 4.5% higher; PE investor to invest 4,000 cr to pick up select branded oil biz Chennai, November 2: Global private equity major Devonshire Capital will pick up 51 per cent equity in Ruchi Soya Industries (RSIL) and acquire certain branded packaged oil distributions for 4,000 crore. The board of RSIL on Thursday approved…
Ghana is having a hard time selling $820 million of local-currency debt. They arent sovereign notes, which is part of the problem. The second-biggest economy in West Africa attracted just a quarter of the 3.6 billion cedis of 10-year bonds up for sale last week at about 19.5 percent. Investors were willing to take on…
He was promoted from scout to coach just a fortnight ago and was declared bankrupt in late September, but being in the right place at the right time could see Billy McKinlay emerge as the big winner from Sunderlands latest managerial turmoil. The Black Cats are expected to make a further statement in the next…
PPL Electric Utilities plans a corporate restructuring, but its not what you might think, the company says. In a filing with state regulators, Allentown-based PPL Electric wants to create two new holding companies to make it easier move cash among its subsidiaries. The move, which is subject to regulatory approvals, will not affect utility operations,…
NEW DELHI: The BSE benchmark Sensex gave a 400-point salute to Indias 30-slot promotion in the World Banks ease of doing business ranking. Indias ranking improved to 100th place in this years rankings from 130th a year ago. This was Indias fastest single-year jump ever, with eight of 10 key parameters showing improvement. The sharpest…
BELGRADE (Serbia), November 1 (SeeNews) – Serbia’s agriculture minister Branislav Nedimovic said Indian companies Mahindra and Tafe are interested in manufacturing tractors in the country. The government is in talks with potential investors in state-owned insolvent tractor maker Industrija Masina i Traktora (IMT) and one of them is Tafe, Nedimovic said in a video file posted…