National Company-law-tribunal

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National Company-law-tribunal - Total results - 191
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

Reliance Communications promoters' shareholding declines to 22% in January-March this year
Business

Reliance Communications promoters' shareholding declines to 22% in January-March this year

In the October-December 2018 quarter, the promoters and promoter group of debt-ridden RCom had 53.08 percent stake in the company.

Supreme Court quashing Reserve Bank circular not to dilute insolvency law: Corporate Affairs Secretary
Business

Supreme Court quashing Reserve Bank circular not to dilute insolvency law: Corporate Affairs Secretary

Under the Code, insolvency proceedings can be initiated only after getting approval from the National Company Law Tribunal (NCLT)

Govt says 12,000 cases filed since implementation of insolvency law, setting up of NCLT
Business

Govt says 12,000 cases filed since implementation of insolvency law, setting up of NCLT

As many as 12,000 cases have been filed since the implementation of the insolvency law and setting of National Company Law Tribunal (NCLT), a senior government official said on Monday

BSNL to approach NCLT this week to recover dues of about Rs 700 crore from Reliance Communications
Business

BSNL to approach NCLT this week to recover dues of about Rs 700 crore from Reliance Communications

Earlier, debt-ridden RCom in its plea before the NCLAT said that it wants to voluntarily go back into the insolvency process

Jaypee Infratech lenders aks NBCC, Suraksha Group to sweeten bids for acquiring bankruptcy-bound realty firm
Business

Jaypee Infratech lenders aks NBCC, Suraksha Group to sweeten bids for acquiring bankruptcy-bound realty firm

NBCC, which has the backing of the government to takeover Jaypee Infratech, is unlikely to increase the offer of Rs 500 crore capital infusion

Jet Airways likely to ground dozen more planes on non-payment to lessors, may trim its fleet by March-end
Business

Jet Airways likely to ground dozen more planes on non-payment to lessors, may trim its fleet by March-end

Jet Airways on Wednesday said seven aircraft were grounded due to non-payment of lease rentals.

Jet Airways shares continue to fall; down over 2% as the company continues to struggle with financial woes
Business

Jet Airways shares continue to fall; down over 2% as the company continues to struggle with financial woes

Jet Airways and Etihad Airways Monday said they along with key financial stakeholders are working towards finalisation of bank-led provisional resolution plan for the debt-laden domestic airline.

SBI calls lenders' meeting with Jet Airways chairman Naresh Goyal and Etihad CEO Tony Douglas
Business

SBI calls lenders' meeting with Jet Airways chairman Naresh Goyal and Etihad CEO Tony Douglas

SBI is the lead lender of a consortium that has extended loans to Jet Airways

SBI weighs NCLT route for recovery of loans from Jet Airways as airline runs out of money for operations
Business

SBI weighs NCLT route for recovery of loans from Jet Airways as airline runs out of money for operations

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds

Need to strengthen corporate insolvency resolution process by having deterrents against failure: Icra
Business

Need to strengthen corporate insolvency resolution process by having deterrents against failure: Icra

IBC was implemented, three concluded corporate insolvency resolution process (CIRPs) being brought back to NCLTs

Essar Steel insolvency case: NCLAT extends deadline for NCLT Ahmedabad to decide Rs 42,000 cr resolution plan submitted by ArcelorMittal by 19 February
Business

Essar Steel insolvency case: NCLAT extends deadline for NCLT Ahmedabad to decide Rs 42,000 cr resolution plan submitted by ArcelorMittal by 19 February

The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted a week more time to NCLT Ahmedabad to decide over the Rs 42,000 crore resolution plan submitted by ArcelorMittal for the debt-ridden Essar Steel

NCLT allows Ruchi Soya management to get copy of resolution plans; says it will start regular hearing on the matter from 5 March
Business

NCLT allows Ruchi Soya management to get copy of resolution plans; says it will start regular hearing on the matter from 5 March

A resolution for Ruchi Soya, which owes about Rs 12,000 crore to the lenders, has been moving between Ram Dev's Patanjali and Adani Wilmar

Reliance Communications stock sinks by more than half to a record low as firm asks NCLT to resolve debt
Business

Reliance Communications stock sinks by more than half to a record low as firm asks NCLT to resolve debt

Reliance Communications said its lenders had not received any proceeds from asset monetisation plans, and that its overall debt resolution process had not made any progress

IL&FS former directors approach National Company Law Tribunal, seek clarification on asset freeze
Business

IL&FS former directors approach National Company Law Tribunal, seek clarification on asset freeze

The lawyer of Rupa Kapoor, wife of former non-executive director of IL&FS, Vaibhav Kapoor, Wednesday asked the NCLT Mumbai bench on the validity of freezing her joint account,

NCLT asks Reid & Taylor employees' union to present financial details of Hong Kong-based investor
Business

NCLT asks Reid & Taylor employees' union to present financial details of Hong Kong-based investor

Reid & Taylor India, owned by the Kasliwal family-run S Kumar Group, which is also facing bankruptcy proceedings, owes over Rs 4,100 crore to banks and other lenders.

In a first, NCLT allows  corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagement
Business

In a first, NCLT allows corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagement

The government wants to check the balance-sheets of the crippled group and its two listed subsidiaries--ITNL and IL&FS Financial Services for the past five years

CII says India's robust economic growth to continue in 2019; better demand conditions, GST, general polls strong drivers
Business

CII says India's robust economic growth to continue in 2019; better demand conditions, GST, general polls strong drivers

CII believes the government will continue to place high priority on simplifying business procedures in 2019, especially in terms of working with states for grassroots improvements.