Nclt Rcom

NLC India eyes critical mineral mining capacity of 1 MTPA by FY30

State-owned NLC India has said it is in the process of participating in the upcoming auctions of critical mineral resources and aims to achieve the annual capacity of mining one million tonnes of such materials by 2029-30. NLC India's core business include mining of coal and lignite as well as power generation. Having critical mineral capacity assumes significance amid increasing demand of these resources for a wide range of activities from semiconductor manufacturing to renewable energy projects, including those related to production of solar panels, wind turbines and advanced batteries for storage and transportation. "With the recent developments in renewable energy sector and the strategic importance of the critical minerals required for RE (renewable energy), we are in the process of participating in upcoming auctions and envision achieving a critical mineral mining capacity of 1.0 MTPA by 2029-30," the company said in its recent report. The company had earlier said that once i

NCLT approves resolution plan for Reliance Communications Infrastructure

Last week, the NCLT gave its approval for the sale of specific real estate properties of Reliance Communications Limited

NCLT Mumbai approves sale of Reliance Communications real estate assets

Insolvency tribunal NCLT Mumbai has approved the sale of some of the real estate assets of telecom company Reliance Communications, a regulatory filing said on Wednesday. The filing attached an order of the National Company Law Tribunal's Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company. "...this Tribunal clarifies that the Applicant/RP can sell assets of the Corporate Debtor (as described in Para 1 above) under Regulation 29 of the CIRP Regulations after submission of the resolution plan for approval by this Tribunal," the NCLT order dated December 7 said. Resolution professional can sell assets of the company after submission of the resolution plan for approval by the tribunal, according to the order. "This Tribunal accords its approval to the Applicant to conduct the sale of the Assets of the Corporate Debtor in te

Deadlock over carrier's revival: Banks not keen on sharing Jet's liability

Deadlock over carrier's revival after NCLAT order

SBI board accepts resolution plan for sale of RCom, subsidiaries

According to sources in the bank, the final voting on the resolution will be over on Wednesday

RCom resolution professional seeks status quo on spectrum licences

The tribunal has asked the DoT to file its reply to the petition by September 24, after which the RP can file a rejoinder to DoT's reply by September 27. The matter will be heard next on September 30

NCLAT refuses to entertain RCom resolution professional, sends him to NCLT

RCom RP had approached NCLAT with plea that Ericsson India refund Rs 577 crore given to it by RCom

Mapping insolvency: NCLT admits RCom, two subsidiaries under IBC

Move comes after Ericsson approaches tribunal for repayment of dues of Rs 11.5 bn