In August 2017, IDFC Bank initiated proceedings against Monnet Power under IBCBased on a decision by CoC, company was admitted for liquidation to NCLT in December 2018
1 min read24 Feb 2020A two-member NCLAT bench headed by Justice S J Mukhopadhaya asked the RP to act in accordance with the directions passedMonnet Power owes around ₹6,000 crore to a consortium of lenders, including State Bank of India and Punjab National Bank
1 min read26 Feb 2019NCLAT directed the AION Capital and JSW Steel combine to either modify the financial matrix of the plan or to argue its legality in next hearing
2 min read16 Jan 2019The Insolvency and Bankruptcy Code put Indian companies on tenterhooks
4 min read17 Dec 2018JSW Steel will spend 44,415 crore to boost current production capacity to 24.7 million tonnes per annum by 2020-21
2 min read29 Oct 2018Monnet Ispat's total income, however, increased to 423.03 crore in July-September quarter of 2018-19 fiscal as compared to 318.39 crore in corresponding period of the previous year
1 min read15 Oct 2018The decline in private equity and venture capital investments in the September quarter was primarily on account of fewer large deals valued greater than $100 million
2 min read11 Oct 2018Bhel had moved the Mumbai bench of the NCLT against the RP to include its full claim of 977 crore under the category of operational creditors
1 min read12 Sep 2018JSW is investing 45,000 crore over a four-year period from FY2017-18 to FY2020-21 to expand its steel making capacities and to modernise and expand capacities of its downstream businesses
2 min read24 Jul 2018Monnet Ispat & Energy is third from RBI's first list that will be taken over by new investors
2 min read19 Jul 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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