Tag: NCLT
17 Results
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Surge in insolvency cases at NCLT mounts home buyers’ troubles
Currently, cases linked to more than 70 builders of western Uttar Pradesh -- affecting over 50,000 flat buyers, are at NCLT, in which the tribunal has also appointed the IRP. Out of these 70 builders, over a dozen are from Greater Noida West.
October 19, 2022 -
NCLT directs Zee Entertainment to file reply to Invesco plea by Oct 22
While the NCLT is hearing a petition filed by Invesco demanding convening of an extraordinary general meeting (EGM), Zee had approached the NCLAT.
October 8, 2021 -
NCLT rejects ‘Business Restructuring Plan’ of Siva Industries
It was pointed out that the settlement amount accepted by banks is even lower than the liquidation value of Siva Industries
August 15, 2021 -
Jet Airways shares hit 5 pc after monitoring panel put in place
In a regulatory filing, the airline said that the first meeting of the Monitoring Committee was held on June 28, 2021.
June 30, 2021 -
NCLT grills IDBI Bank over settlement with Siva Industries: Report
The tribunal also sought explanation if the proposal could be admitted under the law.
June 29, 2021 -
Jet Airways shares hit upper circuit as revival plan gets nod
Jet Airways has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
June 23, 2021 -
Total haircut of 95.85% to all the creditors in Videocon resolution plan: Report
Registered valuers have valued the assets of the 13 companies at a fair value of Rs 4,069 crore and at a liquidation value of Rs 2,568 crore, NCLT said.
June 16, 2021 -
NCLT approves Piramal’s resolution plan for DHFL
Wadhawan had filed a petition at the NCLT, and the order was reserved since January 15.
June 7, 2021 -
NCLT sanctions Airtel-Hughes VSAT operations merger
Bharti Airtel and HCIL had said they will combine their VSAT satellite operations in the country.
March 25, 2021 -
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