Tag: NCLT
17 Results
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DHFL shares advance nearly 5%; hit upper circuit
Earlier this week, DHFL had announced Piramal group's resolution plan getting approval from the RBI.
February 26, 2021 -
NCLT grants more time to DGCA for responding on Jet Airways slots
In September 2020, during a hearing, representatives of DGCA and MoCA said the slots were allocated temporarily to other airlines.
February 26, 2021 -
NCLT can now issue directions to convene meetings of shareholders: SC on Future Group-RIL deal
Amazon and Future have locked horns after the e-commerce giant took the Future Group to arbitration at SIAC, that the latter has violated the agreement, which barred it from dealing with RIL in any manner.
February 23, 2021 -
NCLT admits petition alleging mismanagement, fraud by Omaxe
The respondents, including Rohtas Goel illegally restrained the petitioners from participating in the Annual General Meeting by using force and threats, claimed Sunil Goel in his petition.
January 16, 2021 -
NCLT Mumbai gives green signal for Reliance Infratel resolution plan
Reliance Communications' telecom infrastructure arm Reliance Infratel has around 43,000 towers and 1,72,000 route kilometres of fiber.
December 5, 2020 -
NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures
The resolution plan by the consortium has already been approved by the lenders of the company.
November 16, 2020 -
SBI moves to NCLT to recover Anil Ambani’s personal guarantee worth over Rs 1,200 crore
The tribunal, presided over by BSV Prakash Kumar, on Thursday gave Ambani a week to file reply to the application.
June 13, 2020 -
Ministry of Corporate Affairs extends acting President of NCLT’s tenure
Kumar’s tenure has been extended to another three months or till the joining of new President, whichever is earlier, the ministry informed the NCLT.
April 3, 2020 -
NCLT gives additional 90 days to Jet Airways resolution process
The approval for the extension comes after the CIRP failed to make any headway during the mandated 180-day period.
December 21, 2019 -
HDIL to submit pending dues by September 8: NCLT
The debt-ridden realty firm has appointed Abhay Narayan Manudhane as the interim resolution professional (IRP) to run the insolvency proceedings. HDIL's downfall is a pointer to the crisis the real sector is going through.
August 31, 2019 -
Govt orders probe into defunct Jet Airways over ‘fund diversion, irregularities’
The cash-strapped company became the first domestic airliner to go into bankruptcy after the NCLT admitted an insolvency petition filed by SBI on behalf of 26 lenders on June 20.
July 5, 2019 -
Jet Airways employees consortium to bid for 26% of airline
Jet Airways Employees Consortium has joined hands with AdiGroup to bid for 75% in the airline.
June 29, 2019 -
NCLT clears Bharti Infratel, Indus Towers merger
The merger would also require approval from the Department of Telecommunications.
June 2, 2019 -
Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition
Domestic giant Tata Steel on Tuesday said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL). The remaining amount will be raised through internal resources, it said. The banks, according to industry experts, are expected to take a whopping haircut of about 30-35 percent …
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May 23, 2018 -
Fortis to demerge hospitals business into Manipal
Fortis Healthcare has announced plans to demerge its hospitals business (Fortis Hospitals) into Manipal Hospital Enterprises Private Limited (Manipal Hospitals). According to a statement issued on late Tuesday night, the company said that the proposed transaction is subject to shareholders’ approval, creditor’s approval, applicable regulatory approvals (including Competition Commission of India, SEBI, stock exchanges and …
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March 28, 2018 -
‘Legal profession demands strict discipline’
Mukul Kumar Shrawat, member (judicial,) National Company Law Tribunal, Mumbai, was born in Kanth, a town of Uttar Pradesh’s Moradabad district in 1955. His family belongs to Meerut and he pursued his graduation and a law degree from Meerut College. In 1979, he married Mamta Shrawat of Bulandshahr. They have two children, a son Gaurav, …
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March 18, 2018 -
Union Bank of India’s Q3 net loss at Rs 1,250 cr
State-run Union Bank of India on Saturday reported a net loss of Rs 1,250 crore for the third quarter of 2017-18, against a net profit of Rs 104 crore in the corresponding period of 2016-17. “Net loss for October-December 2017 stood at Rs 1,250 crore. This includes investment depreciation of Rs 700 crore and Rs …
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February 4, 2018