NCLAT

NCLAT's Essar Steel order is not applicable to Ruchi Soya: Lenders

NCLAT's Essar Steel order is not applicable to Ruchi Soya: Lenders

The counsel for the committee of creditors (CoC) of Ruchi Soya said the judgment will not apply to any matter.

‘Will pay lenders entire amount; complete pending projects in 3 years’

‘Will pay lenders entire amount; complete pending projects in 3 years’

Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount with...Read More

SC's status quo on Essar Steel sale to ArcelorMittal

SC's status quo on Essar Steel sale to ArcelorMittal

The Supreme Court on Monday ruled status quo on the sale of Essar Steel to ArcelorMittal.

NCLAT to hear Dutch court administrator in Jet Airway insolvency case

NCLAT to hear Dutch court administrator in Jet Airway insolvency case

A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also asked the Dutch bankruptcy administrator to assist in the ins...Read More

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways

NCLAT dismisses HDFC's insolvency plea against RHC Holding

NCLAT dismisses HDFC's insolvency plea against RHC Holding

Passing an order on December 6, 2018, the NCLT had observed that RHC Holding was a non-banking financial company and does not come under ...Read More

Tribunal reserves order on contempt plea against Anil Ambani

Tribunal reserves order on contempt plea against Anil Ambani

A two-member bench, headed by NCLAT Chairman Justice S J Mukhopadhaya, said it will decide whether the contempt petition filed by HSBC Da...Read More

Allahabad Bank chief Ch. S. S. Mallikarjuna Rao: Recovery of Rs 4,000 cr expected through NCLT route in FY 2019-20

Allahabad Bank chief Ch. S. S. Mallikarjuna Rao: Recovery of Rs 4,000 cr expected through NCLT route in FY 2019-20

The Fort office of Allahabad Bank is buzzing with people. While many have come to share their business proposals with Ch. S. S. Mallikarj...Read More

NCLAT refuses to stay voting by Jaypee Infra creditors’ panel

NCLAT refuses to stay voting by Jaypee Infra creditors’ panel

New Delhi: The NCLAT Tuesday refused to stay voting by the creditors’ panel of Jaypee Infratech on the revised offer of state-owned NBCC ...Read More

StanChart slams Essar CoC for holding ‘secret’ talks with ArcelorMittal

StanChart slams Essar CoC for holding ‘secret’ talks with ArcelorMittal

New Delhi: Standard Chartered Bank (StanChart) on Tuesday slammed Essar Steel’s Committee of Creditors (CoC) for holding “secret” negotia...Read More

NCLAT allows banks to declare defaulting ILFS accounts as NPAs

NCLAT allows banks to declare defaulting ILFS accounts as NPAs

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the banks to declare as non-performing assets the acco...Read More

NCLAT seeks Anil Ambani’s reply on HSBC Daisy’s contempt plea over non-payment of dues

NCLAT seeks Anil Ambani’s reply on HSBC Daisy’s contempt plea over non-payment of dues

New Delhi: The NCLAT has sought a response from Reliance Group Chairman Anil Ambani within 10 days over a contempt plea filed against him...Read More

NPA recovery target in jeopardy on Essar Steel

NPA recovery target in jeopardy on Essar Steel

New Delhi: The delay in actual realisation from the resolution of the big-ticket cases like Essar Steel has put the NPAs, or bad loans, r...Read More

NCLAT: Tax dues are operational debt

NCLAT: Tax dues are operational debt

New Delhi: A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya held that statutory liability, including income tax and v...Read More

Why IL&FS debt is not NPA: Reserve Bank of India

Why IL&FS debt is not NPA: Reserve Bank of India

NEW DELHI: The Reserve Bank of India (RBI) on Tuesday moved the NCLAT seeking modification of its order that restrained banks from declar...Read More

ArcelorMittal Essar Steel case

ArcelorMittal Essar Steel case

New Delhi: The insolvency proceedings of the debt-laden Essar Steel may take more time to see the light at the end of the tunnel with the...Read More

NCLAT suspends its hearing due to fire inside CGO complex

NCLAT suspends its hearing due to fire inside CGO complex

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday suspended its hearing till further notice after a fire broke ...Read More

Immense progress being made in IL&FS matter: Corporate affairs secy

Immense progress being made in IL&FS matter: Corporate affairs secy

New Delhi: The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months, as a l...Read More

IL&FS Crisis: Accounts cannot be declared NPA without NCLAT nod

IL&FS Crisis: Accounts cannot be declared NPA without NCLAT nod

New Delhi: No bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing a...Read More

Sale of Reliance Communications assets barred till February 12

Sale of Reliance Communications assets barred till February 12

New Delhi: The NCLAT on Monday asked Reliance Communications (RCom) to not sell or transfer any movable or immovable assets till February...Read More

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