Nclt

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Nclt - Total results - 610
Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore
Business

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore

Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms

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

UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm
Business

UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm

A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing.

Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity
Business

Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity

The impact that the changes to the IBC will result in could possibly only come to light several months from today.

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.

Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law
Business

Bombay HC quashes prosecution against 2 former IL&FS audit firms; says SFIO complaint filed before special court bad in law

In June last year, the ministry of corporate affairs had moved the NCLT against BSR and some of the then external auditors of IL&FS alleging professional misconduct.

Jet Airways insolvency: NCLT allows 90 days' extension for grounded airline's bankruptcy process
Business

Jet Airways insolvency: NCLT allows 90 days' extension for grounded airline's bankruptcy process

The National Company Law Tribunal (NCLT) on Wednesday allowed 90 days' extension for the corporate insolvency resolution process of Jet Airways

Jet Airways resolution professional seeks 90 days extension for bids from NCLT
Business

Jet Airways resolution professional seeks 90 days extension for bids from NCLT

Jet Airways' resolution professional on Friday filed an application in National Company Law Tribunal (NCLT) seeking 90 days extension for the corporate insolvency resolution process of the defunct carrier

HUL board to meet on 1 April to declare merger with GSKCH; stock down 1.27%
Business

HUL board to meet on 1 April to declare merger with GSKCH; stock down 1.27%

Under the deal, Unilever's Indian arm, HUL is acquiring GSKCH India via an all-equity merger, valuing the total business of the latter at Rs 31,700 crore.

Jet Airways stock hits lower circuit, falls nearly 5% as deadline for submission of bids ends
Business

Jet Airways stock hits lower circuit, falls nearly 5% as deadline for submission of bids ends

Shares of Jet Airways on Friday plunged as much as 4.74 percent to hit lower price band on the BSE as its deadline for submission of bids ended

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded
Business

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded

Last year, the ED had registered an offence against Goyal and his wife in connection with FEMA (Foreign Exchange Manipulation Act) violations.

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report
Business

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report

Under the plan, 38 lenders of RCom can recover over 70 percent of their outstanding of Rs 33,000 crore secured debt

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks
Business

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks

On 29 July, the NCLAT stayed the order of the Mumbai bench of the NCLT to implead the auditors and the independent directors of IL&FS.

NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats
Business

NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats

NBCC's proposal was approved by the lenders in the third round of bidding process to find a buyer for Jaypee Infratech.

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter
Business

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter

On 24 October 2019, the Bengaluru Bench of the National Company Law Tribunal (NCLT) had admitted the insolvency plea filed by Cloudwalker Streaming Technologies, an operational creditor of Flipkart.

Chandigarh NCLT approves Hindustan Unilever, GlaxoSmithKline Consumer Healthcare merger deal
Business

Chandigarh NCLT approves Hindustan Unilever, GlaxoSmithKline Consumer Healthcare merger deal

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the Chandigarh bench of National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer Healthcare (GSKCH)

NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor
Business

NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor

IFCI had filed petition to initiate insolvency proceedings against ACCIL Hospitality, which had extended a corporate guaranty for Asian Colour Coated Ispat Limited.

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
Business

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%

RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.