NCLT

NCLT admits insolvency plea against Oyo for unpaid Rs 16 lakh to supplier; company goes to NCLAT

NCLT admits insolvency plea against Oyo for unpaid Rs 16 lakh to supplier; company goes to NCLAT

The National Company Law Tribunal (NCLT) has admitted a petition for initiating insolvency proceedings against Oyo Hotels for recovery of...Read More

Slot allotment issue expected to be resolved soon: Jet Airways' stakeholders tell NCLT

Slot allotment issue expected to be resolved soon: Jet Airways' stakeholders tell NCLT

In the ongoing Jet Airways resolution case, the civil aviation ministry, regulator DGCA and winning bidder Jalan-Kalrock consortium on M...Read More

Wave Megacity Centre requests NCLT to initiate insolvency proceedings against itself

Wave Megacity Centre requests NCLT to initiate insolvency proceedings against itself

Real estate firm Wave Megacity Centre has moved the National Company Law Tribunal (NCLT) voluntary requesting it to initiate insolvency p...Read More

Tata-Mistry case: Supreme Court upholds Tata Sons' appeal

Tata-Mistry case: Supreme Court upholds Tata Sons' appeal

The Supreme Court on Friday allowed Tata Sons' appeal against the order of the National Company Law Tribunal (NCLT) that had ordered to r...Read More

Delhi HC judgement would have not come in way of NCLT proceedings, says Future Group

Delhi HC judgement would have not come in way of NCLT proceedings, says Future Group

The promoters will take appropriate remedies as advised over the directions passed by Justice J R Midha, Future Retail said in a regulato...Read More

NCLAT directs liquidation of KS Oils, pulls up NCLT for lapse of 981 days

NCLAT directs liquidation of KS Oils, pulls up NCLT for lapse of 981 days

Terming it "unfortunate", the appellate tribunal observed that even after the lapse of 981 days and repeated compliance by the Resolution...Read More

NCLT can decide disputes related to insolvency of corporate debtor, says Supreme Court

NCLT can decide disputes related to insolvency of corporate debtor, says Supreme Court

The Supreme Court on Monday held that National Company Law Tribunal (NCLT) has jurisdiction to decide disputes in connection with the ins...Read More

Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots

Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots

The Ministry of Civil Aviation (MoCA) and DGCA mentioned their stance to the National Company Law Tribunal (NCLT), which had on February ...Read More

NCLT upholds Doha Bank plea to recover Rs 3,515 crore dues of Reliance Infratel's lenders

NCLT upholds Doha Bank plea to recover Rs 3,515 crore dues of Reliance Infratel's lenders

The National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank seeking priority payment for the financial creditors of Rel...Read More

Reliance Industries to spin off O2C biz: Expects approvals for 100% subsidiary by second quarter of FY 2022

Reliance Industries to spin off O2C biz: Expects approvals for 100% subsidiary by second quarter of FY 2022

Reliance Industries Ltd (RIL) plans to reorganise oil-to-chemicals (O2C) business and make it a separate entity that will be 100 per cent...Read More

Jalan Kalrock Consortium expects to restart Jet Airways in 4-6 months after NCLT nod

Jalan Kalrock Consortium expects to restart Jet Airways in 4-6 months after NCLT nod

Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolv...Read More

DHFL acquisition: Piramal group gets RBI nod

DHFL acquisition: Piramal group gets RBI nod

Piramal Group on Thursday said the Reserve Bank is understood to have approved acquisition of debt-ridden DHFL by the group's subsidiary ...Read More

NCLT admits Antrix Corporation's winding up plea for Devas Multimedia, appoints liquidator

NCLT admits Antrix Corporation's winding up plea for Devas Multimedia, appoints liquidator

A two-member NCLT Bengaluru bench of the NCLT has directed the provisional liquidator to take control of the management, properties and a...Read More

NCLT agrees to hear plea alleging mismanagement in Omaxe

NCLT agrees to hear plea alleging mismanagement in Omaxe

The National Company Law Tribunal (NCLT) has agreed to hear a petition filed against Omaxe Ltd alleging oppression of minority shareholde...Read More

NCLT passes order to liquidate dairy firm Kwality

NCLT passes order to liquidate dairy firm Kwality

The National Company Law Tribunal (NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd after the company failed to finali...Read More

DHFL case: 63 Moons moves NCLT seeking to protect bondholders

DHFL case: 63 Moons moves NCLT seeking to protect bondholders

63 Moons Technologies, formerly Financial Technologies, on Thursday said it has moved the National Company Law Tribunal (NCLT) seeking to...Read More

NCLAT stays NCLT order directing ArcelorMittal India to pay Rs 1,300 cr as IRP cost

NCLAT stays NCLT order directing ArcelorMittal India to pay Rs 1,300 cr as IRP cost

Passing an interim order, a two-member bench comprising Acting Chairperson Justice B L Bhat has stayed the order passed by the National C...Read More

Pre-packaged IBC deals may get going soon to reduce pressure on NCLT

Pre-packaged IBC deals may get going soon to reduce pressure on NCLT

The government may soon introduce a new pre-packaged resolution plan for stressed assets to provide a seamless system to address bankrup...Read More

Kalrock-Jalan's plan for Jet submitted to NCLT

Kalrock-Jalan's plan for Jet submitted to NCLT

Once the the Mumbai-bench of the tribunal gives the go-ahead, the winning consortium of Jalan and Florian Fritsch can pump in funds requi...Read More

DHFL administrator moves NCLT against Wadhawans in Rs 12,705-cr fraud

DHFL administrator moves NCLT against Wadhawans in Rs 12,705-cr fraud

In a regulatory filing, the bank said that the administrator has sought contribution from the promoters, developers and the assignees to ...Read More

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