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Govt approaches NCLAT; seeks additional 270 days to complete resolution for 105 IL&FS group companies
•Certain protection and reliefs were granted to the 55 entities through an order passed by the National Company Law Appellate Tribunal (NCLAT) on 15 October, 2018
NCLAT rejects Saregama India plea to initiate insolvency against Chennai-based movie producer
•The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Saregama India Ltd to initiate insolvency proceedings against Chennai-based Home Movie Makers observing that it is not a financial creditor under the Insolvency and Bankruptcy Code (IBC)
Bhushan Power and Steel insolvency case: NCLAT asks ED, MCA to reach consensus on attachment of assets
•The National Company Law Appellate Tribunal (NCLAT) on Friday asked the divergent Enforcement Directorate and the Ministry of Corporate Affairs to discuss and reach a consensus on the attachment of assets of Bhushan Power and Steel (BSPL)
IL&FS approaches NCLAT seeking release of Rs 145 cr held by Gujarat discom
•Debt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by Gujarat Urja Vikas Nigam
IL&FS fraud case: NCLAT refuses to stay NCLT hearing against auditing firm Deloitte Haskins & Sells
•The Ministry of Corporate Affairs in June moved NCLT seeking a five-year ban on these auditors in the IL&FS fraud case
Jet Airways crisis: Dutch bankruptcy administrator moves NCLAT; next hearing on 21 August
•Dutch bankruptcy administrator on Friday moved the National Company Law Appellate Tribunal (NCLAT) on the Jet Airways matter, which has agreed to hear the case here
NCLAT reserves order on admission of contempt plea filed against Anil Ambani, other officials
•The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order over the admission of a contempt petition filed against Reliance Group Chairman Anil Ambani and its other officials by minority shareholders alleging non-payment of dues by Reliance Infratel
NCLAT asks Amtek Auto lenders to consider the resolution plans submitted by Deccan Value Investors
•NCLAT bench slammed the committee of creditors (CoC) of Amtek Auto for issuance of fresh information memorandum inviting new resolution plans.
IL&FS board extends deadline for claims submission to 20 June after NCLAT order
•IL&FS said the new board initiated a comprehensive claims management process for 70 group entities through the launch of pan-India public notices on 22 May
NCLAT asks IL&FS group companies upgraded to 'green' category from 'amber' to start paying debts
•Companies under the green category will be those that continue to meet their payment obligations