An official response from SBI spokesperson is awaited on the decision to start bankruptcy proceedings against the airline.
A majority of lenders voted against NBCC's bid on June 10 but most home buyers wanted the state-owned company to takeover the debt-laden realty firm.
The sugar factory employees staged a protest at the factory in Bodhan demanding that the Telangana State government should take steps to have the NCLT judgment scrapped.
The proposed merger, which will create a mega tower company in India, will also require approval from the Telecom Department.
The state-owned gas utility, which is an operational creditor of Videocon, said that it should be included in the list of creditors.
During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans.
First charge sheet likely to be against 6 senior officials, including Ramesh C Bawa, Hari Sankaran and Arun K Saha
A 42-year-old woman, whom he married in 2016, approached police, alleging cheating and dowry harassment. The victim runs private hostels in the city.
In the present case, the IBC proceedings were initiated independently as per the RBI circular.
Lenders moved NCLT to appoint a new resolution professional and form a committee of creditors as the first step to begin the bankruptcy process.
This is because there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter restarted.
Ericsson opposed the move as there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter were allowed to restart.
On March 18, Hotel Leelaventure had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, and a property to Canadian investment fund Brookfield for Rs 3,950 crore.
The order may effect resolution of stressed assets, especially those where promoters are seeking settlement post-initiation of bankruptcy proceedings in NCLT.
Sahoo said the court's judgement does not disturb rights of creditors to initiate insolvency proceeding or any provision in the Insolvency and Bankruptcy Code (IBC).