Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms
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
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
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%
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
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
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.
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 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
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.
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
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
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
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
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
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.
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)
PE, VC inflows start on a strong note in 2020, January records $2.5 bn investments; infra sector continues to play big role in growth: Report
In terms of the number of PE/VC investments, January 2020 was on par with January 2019.
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%
RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.