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05 Jun 2018

Vedanta deposits Rs 5,320 crore in Electrosteel Steels escrow account

The National Company Law Appellate Tribunal (NCLAT) had allowed Vedanta Ltd to make an upfront payment of Rs 5,320 crore to lenders for acquiring Electrosteel Steels.

17 May 2018

NCLAT admits Renaissance Steel plea against Vedanta bid on Electrosteel

A two member bench of the tribunal headed by Chairman Justice S J Mukhopadhaya admitted the plea and directed to list the matter on May 28.

Banking Regulation Act

27 Aug 2017

Govt notifies changes in Banking Regulation Act

The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).

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