National Company-law-tribunal

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National Company-law-tribunal - Total results - 190
Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy
India

Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy

Decriminalising Section 138 is only going to make creditors more insecure, which could cause unfathomable harm to the Indian economy.

National Company Law Tribunal approves IL&FS stake sale in GIFTCL to Gujarat govt
Business

National Company Law Tribunal approves IL&FS stake sale in GIFTCL to Gujarat govt

The National Company Law Tribunal has approved crisis-hit IL&FS to selling its stake in the Gujarat International Finance Tec-City Company (GIFTCL) to the Gujarat government

Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Business

Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%

Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline

National Company Law Tribunal transfers 8 members with immediate effect; to form a new bench for Cuttack
Business

National Company Law Tribunal transfers 8 members with immediate effect; to form a new bench for Cuttack

According to a notification issued by the National Company Law Tribunal Registrar on Thursday, the list comprises four judicial members and four technical members.

Ruchi Soya insolvency: NCLAT rejects DBS Bank's plea challenging distribution of funds
Business

Ruchi Soya insolvency: NCLAT rejects DBS Bank's plea challenging distribution of funds

The National Company Law Appellate Tribunal(NCLAT) has dismissed the plea of Singapore-based DBS Bank, a dissenting financial creditor of Ruchi Soya, challenging the distribution of proceeds from the bid submitted by Patanjali Ayurved

Jaypee Infratech insolvency: Lenders to meet on 18 November to comply with Supreme Court direction
Business

Jaypee Infratech insolvency: Lenders to meet on 18 November to comply with Supreme Court direction

Lenders of debt-ridden Jaypee Infratech will meet on 18 November to take forward the process of insolvency resolution after the Supreme Court directed early this month to complete the process within 90 days

Victims of an unfinished city: Lavasa's regulations row has left villagers fighting for their land
long-reads

Victims of an unfinished city: Lavasa's regulations row has left villagers fighting for their land

Once touted as India’s first hill city, the Lavasa project near Pune remains abandoned following years of regulatory and financial troubles. Locals from nearby villages continue to fight for their land that was taken for the project. The assembly elections in Maharashtra on 21 October also do not offer much hope to villagers.

Andhra Pradesh, Telangana governments bullying media, promoting family-owned press to crush criticism
Politics

Andhra Pradesh, Telangana governments bullying media, promoting family-owned press to crush criticism

The ruling dispensations in Telangana and Andhra Pradesh have defanged and neutralised the mainstream media in the Telugu states

In a first, RCom AGM to be chaired by resolution professional today; firms in diversified group to hold their AGMs
Business

In a first, RCom AGM to be chaired by resolution professional today; firms in diversified group to hold their AGMs

RCom itself sought bankruptcy early February after its efforts to sell spectrum to Reliance Jio failed due to regulatory delays

Don't use NCLT on daily basis to resolve stressed assets: Union minister Anurag Thakur
Business

Don't use NCLT on daily basis to resolve stressed assets: Union minister Anurag Thakur

The government on Wednesday asked banks to put in all efforts to resolve bad loans themselves and approach National Company Law Tribunal (NCLT) only in the absence of any alternative

IL&FS case: NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea; next hearing on 5 September
Business

IL&FS case: NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea; next hearing on 5 September

An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging the court’s jurisdiction to ban them for alleged abetment of financial fraud

Consumer mobile business of Tata Teleservices becomes part of telecom operator Bharti Airtel
Business

Consumer mobile business of Tata Teleservices becomes part of telecom operator Bharti Airtel

The schemes of arrangement regarding the merger of the consumer mobile businesses of Tata Teleservices and Tata Teleservices (Maharashtra) into Bharti Airtel and Bharti Hexacom (Airtel) have become effective from 1 July

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts
Business

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts

Jet Airways' scrip tumbled 10.58 percent to close at Rs 111.95 on the BSE. During the day, it plunged 14.41 percent to Rs 107.15 -- its 52-week low

NCLAT halts liquidation process of debt-ridden Sterling Biotech till further orders
Business

NCLAT halts liquidation process of debt-ridden Sterling Biotech till further orders

Sterling Biotech, whose promoters Nitin Jayantilal Sandesara and Chetankumar Jayantilal Sandesara are absconding, has a total debt of over Rs 9,000 crore

Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process
Business

Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process

Kwality is currently undergoing the CIRP as per the provisions of the Insolvency and Bankruptcy (IBC) Code, pursuant to an order of NCLT

GAIL seeks NCLT approval to admit Rs 390-crore claim against Videocon Industries
Business

GAIL seeks NCLT approval to admit Rs 390-crore claim against Videocon Industries

In an application, the counsel for GAIL said the state-owned gas utility, which is an operational creditor of Videocon, should be included in the list of creditors

Jaypee Infratech insolvency: NCLT to hear on 21 May IDBI Bank's plea on bankruptcy process deadline extension
Business

Jaypee Infratech insolvency: NCLT to hear on 21 May IDBI Bank's plea on bankruptcy process deadline extension

IDBI had approached the National Company Law Tribunal (NCLT) seeking an extension of the corporate insolvency resolution process (CIRP) beyond the 6 May deadline

Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm
Business

Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm

Ruchi Soya owes Rs 9,345 crore to the lenders led by SBI who Tuesday agreed, with around 96 percent vote, to go with the second revised bid by the company promoted by Baba Ramdev

Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali's revised offer to acquire edible oil firm
Business

Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali's revised offer to acquire edible oil firm

Patanjali had last month increased its bid value by around Rs 200 crore to Rs 4,350 crore for bankruptcy-bound Ruchi Soya

Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails
Business

Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival