Update on 4 September on the story below: The Gujarat High Court has stayed NCLT order _______________ Ahmedabad: Ahmedabad headquartered Rasna Pvt Ltd, the country's leading beverage company, has suffered a major blow in its application to the National Law Tribunal for non-payment of Rs 71 lakh owed to Raigad-based Bharat Road Carrier Pvt Ltd. The NCLT's Ahmedabad bench has suspended the company's board after giving a verdict to hand over the entire management of the company to an interim r...Read More

Ahmedabad: The Ahmedabad bench of National Company Law Tribunal (NCLT) today cleared steel major ArcelorMittal's Rs 42,000 crore resolution plan for debt ridden Essar Stee'sl takeover. The L N Mittal led ArcelorMittal was trying to acquire bankrupt Essar Steel , which has a 10MTPA steel plant in the western state of Gujarat, since 2017.Committee of Creditors in October last year but was challenged before the National Company Law Appellate Tribunal (NCLAT) which had directed the NCLT Ah...Read More