22 April 2019


Search Results for Tag : NCLT

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Pending Companies Act Matters to be Transferred to NCLT(12.12.2016)

MCA has issued a notification stating that pending proceedings under the Companies Act with a few exceptions shall be transferred from the district an.....

Tags : NCLT, Pending Companies Act matters

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NCLT: Appointing New Directors Without Consent of Petitioner Shareholders Amounts to 'Oppression'(30.05.2017)

NCLT has held that increasing authorised share capital of company, appointing additional directors and transferring shares to non-members without noti.....

Tags : NCLT, additional directors, Oppression

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NCLT Says 'No' to Withdrawal of Petition Even After Parties Proposed Settlement(01.06.2017)

NCLT has held that after admission of petition, it acquires character of representative suit wherein other creditors get a right to participate in ins.....

Tags : NCLT, Settlement

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Govt Takeover of Unitech: NCLT Should Have Taken Our Permission, Says SC(12.12.2017)

The bench considered the request of Additional Solicitor General Tushar Mehta that one more day be given to him to seek instruction from the concerned.....

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Supreme Court Stays NCLT Order, Puts Govt Takeover of Unitech on Hold(13.12.2017)

The government conceded it should not have approached the National Company Law Tribunal (NCLT). On Tuesday, the SC had said NCLT should have taken its.....

Tags : NCLT, Court, SC, Supreme Court

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Delhi High Court: McDonald's Plea Against NCLT Show Cause Premature(02.02.2018)

Delhi High Court has said that a plea by McDonald's against a show cause notice issued to the fast-food major by the National Company Law Tribunal on .....

Tags : Delhi High Court, McDonald, NCLT

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RBI Cuts Provisioning Norm for Advances to Large Accounts Now Before NCLT(05.04.2018)

Reserve Bank of India has reduced the provisioning requirement for large accounts referred to the National Company Law Tribunal (NCLT) up to March 31,.....

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NCLT Approves Vedanta's Resolution Plan for Insolvent Electrosteel(18.04.2018)

National Company Law Tribunal's (NCLT) has approved Vedanta Ltd's resolution plan for the insolvent Electrosteel Steels Ltd.

Tags : NCLT, Insolvency

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NCLT Kolkata Rejects Resolution Plan of Dalmia Group for Binani Cement(03.05.2018)

NCLT Calcutta has directed the Committee of Creditors (CoC) to consider the revised offer from Ultra Tech within 3 days in the highly-contested insolv.....

Tags : NCLT Calcutta, Binani Cement

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NCLT Admits Union Bank of India’s Insolvency Plea Against Era Infra(09.05.2018)

National Company Law Tribunal (NCLT) principal bench has admitted Union Bank of India’s (UBI’s) plea seeking initiation of insolvency proceedings agai.....

Tags : NCLT, Insolvency

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NCLT Admits Union Bank of India’s Insolvency Plea Against Era Infra(09.05.2018)

National Company Law Tribunal (NCLT) principal bench has admitted Union Bank of India’s (UBI’s) plea seeking initiation of insolvency proceedings agai.....

Tags : NCLT, Insolvency

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NCLT Dismisses Liquidation on Failure by RP to Call for Bids(17.05.2018)

NCLT (Ahmedabad Bench) has rejected an application to liquidate a company under the moratorium on failure by the Resolution Professional (RP) and Comm.....

Tags : NCLT, Insolvency

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Binani Committee of Creditors Vote in Favour of UltraTech Offer(30.05.2018)

The Letter of Intent is unlikely to be issued immediately, as the CoC will submit its plan to the resolution professional (RP), who in turn will forwa.....

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Section 29A Ineligibility Doesn't Apply to Ongoing Insolvency Proceedings: NCLT(11.06.2018)

National Company Law Tribunal (NCLT) has ruled that Section 29A ineligibility under Insolvency and Bankruptcy Code (IBC) doesn’t apply to ongoing inso.....

Tags : NCLT, Insolvency

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NCLT Extends Insolvency Resolution Period of Bhushan Energy(11.06.2018)

National Company Law Tribunal (NCLT) has extended the insolvency resolution period of the debt ridden firm Bhushan Energy Ltd by another 90 days.

Tags : NCLT, Insolvency

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NCLT Extends Insolvency Resolution Period of Ruchi Soya(11.06.2018)

Mumbai bench of National Company Law Tribunal (NCLT) has extended the deadline for the resolution process of Ruchi Soya Ltd by 90 days.

Tags : NCLT, Insolvency

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NCLT Bars Jignesh Shah, Nine Others from Being Directors in Companies(11.06.2018)

National Company Law Tribunal (NCLT) has barred Jignesh Shah and nine others from holding directorship in 63 Moons Technologies as well as any other c.....

Tags : NCLT, Insolvency

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Central Government Sets Up NCLT Bench in Jaipur Effective July(02.07.2018)

Central Government has notified that a Bench of National Company Law Tribunal will be set up in Jaipur which will be effective from July this year.

Tags : Central Government, NCLT

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NCLT Dismisses Cyrus Mistry’s Plea Against Removal as Tata Sons Chairman(09.07.2018)

National Company Law Tribunal (NCLT), Mumbai has dismissed Cyrus Mistry's petition against Tata Group with respect to his removal as Tata Sons chairma.....

Tags : NCLT, Cyrus Mistry

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National Company Law Tribunal Clears Airtel's Tikona Buy(11.07.2018)

National Company Law Tribunal (NCLT) has given its nod to the merger of Bharti Digital Networks (formerly called Tikona Digital Networks) with Bharti .....

Tags : NCLT, Bharti Airtel

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NCLAT Upholds MCA's Move to Freeze Assets of Independent Directors in PNB Fraud Case(13.07.2018)

National Company Law Appellate Tribunal (NCLAT) has upheld Ministry of Corporate Affairs' plea to freeze assets of independent directors of companies .....

Tags : NCLT, PNB Fraud Case

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NCLT Nod to Tata Communications Land Demerger into Hemisphere Properties India(13.07.2018)

National Company Law Tribunal (NCLT) has approved a scheme to de-merge surplus land of nearly 773 acres from Tata Communications Ltd. (TCL) into Hemis.....

Tags : NCLT, Tata Communications

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No Legal Bar on Indian LLP Merging With Indian Firm, Says NCLT(17.07.2018)

National Company Law Tribunal has said that legislative intent behind enacting both the LLP Act, 2008 and the Companies Act, 2013 is to facilitate the.....

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NCLT Approves Liberty House's Plan for Acquiring Adhunik Metaliks(18.07.2018)

Kolkata bench of National Company Law Tribunal (NCLT) has approved the resolution plan of Britain-based Liberty House for acquiring debt-laden steelma.....

Tags : NCLT, Insolvency

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NCLT Approves Aion-JSW Steel Plan for Monnet Ispat(20.07.2018)

National Company Law Tribunal (NCLT) has given its approval for Monnet Ispat’s acquisition by the Aion Capital-JSW Steel consortium.

Tags : NCLT, Insolvency

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Hyderabad High Court Stays NCLT Order Against Ramky Infrastructure(23.07.2018)

Hyderabad High Court has suspended a NCLT order to initiate insolvency proceedings against Ramky Infrastructure for non-payment of around Rs 1.27 cror.....

Tags : Hyderabad High Court, NCLT

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NCLT Approves JK Paper's Rs 371 cr Bid for Sirpur Paper Mills(23.07.2018)

NCLT has approved JK Paper's Rs 371 crore bid for debt-ridden Sirpur Paper Mills under the insolvency resolution process.

Tags : NCLT, Insolvency

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NCLT Approves Resolution Plan for Amit Spinning Industries(01.08.2018)

National Company Law Tribunal (NCLT) has approved the resolution plan as submitted by Deepak Chaganlal Choudhari and Jitendra Kumar Chopra for Amit Sp.....

Tags : NCLT, Insolvency

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NCLT Restores Jai Mahal Hotel Ownership to Gayatri Devi's Grandchildren(02.08.2018)

National Company Law Tribunal (NCLT) has restored the ownership of iconic Jai Mahal hotel in favour of grandchildren of late Maharani Gayatri Devi.

Tags : NCLT, Jai Mahal Hotel

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NCLT Admits Insolvency Petition Against Provogue(03.08.2018)

Mumbai bench of National Company Law Tribunal has admitted Provogue (India) Ltd for insolvency resolution, making it the fourth company from the texti.....

Tags : NCLT, Insolvency

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NCLT: Homebuyer Who Subrogated All Rights in Favour of Bank Cannot Be Treated As Creditor Under IBC(06.08.2018)

Allahabad bench of National Company Law Tribunal has held that a homebuyer who subrogated all his rights in favour of the bank at the time of taking l.....

Tags : NCLT, Insolvency

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NCLT Cannot Adjudicate on Eligibility Criteria Laid Down by CoC: NCLAT(07.08.2018)

NCLAT has held that it is not in the domain of Adjudicating Authority to decide the requirement of minimum tangible net worth of one or other category.....

Tags : NCLAT, NCLT

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NCLT to Deccan Chronicle RP: Refer Srei Arm's Revised Proposal to CoC(07.08.2018)

Hyderabad bench of National Company Law Tribunal has directed the resolution professional (RP) of Deccan Chronicle Holdings Limited (DCHL) to place th.....

Tags : NCLT, Deccan Chronicle

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Binani Cement Case: NCLAT Directs Dalmia Bharat to Reply to UltraTech(08.08.2018)

National Company Law Appellate Tribunal (NCLAT) has directed Rajputana Properties Pvt. Ltd to file a rejoinder to the queries raised by UltraTech Ceme.....

Tags : NCLT, Insolvency

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Suspended Director of Corporate Debtor Not Entitled to Confidential Info Held by CoC/ RP: NCLT(08.08.2018)

Mumbai bench of National Company Law Tribunal (NCLT) has held that suspended director of a corporate debtor is not entitled to confidential informatio.....

Tags : NCLT, Insolvency

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Tata Sons vs Cyrus Mistry Case: NCLAT Questions Language of NCLT Judgment(09.08.2018)

National Company Law Appellate Tribunal (NCLAT) has questioned if the National Company Law Tribunal's (NCLT's) Mumbai Bench had written a biased order.....

Tags : NCLT, Cyrus Mistry

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NCLT Orders Liquidation of Lanco Infratech(28.08.2018)

Hyderabad bench of National Company Law Tribunal has ordered the liquidation of Lanco Infratech after the committee of creditors rejected the revised .....

Tags : NCLT, Lanco Infratech

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NCLT Directs Status Quo over RHC Holdings(07.09.2018)

NCLT has issued notices to Malvinder Mohan Singh and Sunil Godhwani and others, and directed them to maintain status quo over shareholdings and compos.....

Tags : NCLT, RHC Holdings

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Calcutta High Court: All Proceedings Under Companies Act 1956 Stands Transferred To NCLT(10.09.2018)

Calcutta High Court has held that HC has lost jurisdiction from 15th December 2016 to entertain all proceedings under Companies Act, 1956 and the same.....

Tags : Calcutta High Court, NCLT, Companies Act, 1956

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NCLT Notice To Jaiprakash Associates Over ICICI Bank Claim of Rs 12 Billion Dues(11.09.2018)

Allahabad bench of NCLT has issued a notice to Jaiprakash Associates in an insolvency case initiated by ICICI Bank.

Tags : NCLT, Jaiprakash Associates

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NCLT Allows Two New Bidders Of Bharati Defence To Submit Plans(13.09.2018)

NCLT has asked ARCS Ship Build Services and Hong Kong-based investor Ricky Nathaniel to join the insolvency resolution process of Bharati Defence and .....

Tags : NCLT, Sunil Kumar

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Transaction Can’t Be Treated As Bogus Merely Based On Report Of Investigation Wing: ITAT(13.09.2018)

Jaipur bench of ITAT has held that a transaction cannot be treated as bogus only on the basis of the report of Investigation Wing.

Tags : NCLT, Bogus Transactions

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NCLT/NCLAT Shouldn't Interfere in Insolvency Resolution Proceedings: Supreme Court(14.09.2018)

Supreme Court has said that NCLT and NCLAT should refrain from interfering in insolvency resolution proceedings by the Interim Resolution Professional.....

Tags : Supreme Court, NCLT, NCLAT

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NCLT Clears BRS Ventures’ Resolution Plan for Assam Company(21.09.2018)

Guwahati bench of NCLT has approved the resolution plan of Abu Dhabi-based BRS Ventures Investment Ltd. run by BR Shetty for Assam Company India Ltd.

Tags : NCLT, BRS Ventures

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Pay PF Dues Before Repaying Creditors, NCLT Tells Liquidator of Precision Fasteners(24.09.2018)

NCLT has ordered the resolution professional handling liquidation of Mumbai-based Precision Fasteners to pay up employee dues to provident fund organi.....

Tags : NCLT, PF Dues

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NCLT Clears Way for Liquidation of Moser Baer India(25.09.2018)

National Company Law Tribunal has allowed insolvency proceedings against debt-ridden Moser Baer India, a manufacturer of CDs and DVDs.

Tags : NCLT, Moser Baer India

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NCLT Allows MCA to Supercede IL&FS Board(03.10.2018)

NCLT has allowed MCA to supercede IL&FS board with six new directors after the government moved a petition to remove the previous board of directors.

Tags : NCLT, IL&FS

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NCLT Admits ICICI Bank's Insolvency Plea Against Mehul Choksi’s Gitanjali Gems(05.10.2018)

National Company Law Tribunal has admitted ICICI Bank's plea to begin insolvency proceedings against Mehul Choksi-owned Gitanjali Gems.

Tags : NCLT, Mehul Choksi

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NGT Directs Railways to Submit Action Plan on Cleanliness(05.10.2018)

NGT has directed the railways to submit an action plan for maintaining cleanliness on platforms and tracks and has asked the Comptroller and Auditor G.....

Tags : NCLT, Railway

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NGT Directs Action Against Udaipur Hotels Over Noise Pollution(05.10.2018)

NGT has asked Rajasthan State Pollution Control Board and Udaipur district administration to take action into the allegations of noise pollution cause.....

Tags : NCLT, Udaipur Hotels

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NCLT Orders Liquidation of Rathna Stores Pvt. Ltd.(08.10.2018)

National Company Law Tribunal (NCLT) has ordered liquidation of Rathna Stores Pvt Ltd., order came after after a committee of lenders failed to find b.....

Tags : NCLT, Rathna Stores Pvt. Ltd.

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NCLT Directs Insolvency Proceedings Against Madhucon Projects(10.10.2018)

National Company Law Tribunal has admitted a petition to initiate corporate insolvency proceedings against Madhucon Projects Limited and appointed an .....

Tags : NCLT, Madhucon Projects

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NCLT Directs Insolvency Proceedings Against Madhucon Projects(10.10.2018)

National Company Law Tribunal has admitted a petition to initiate corporate insolvency proceedings against Madhucon Projects Limited and appointed an .....

Tags : NCLT, Madhucon Projects

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NCLT Grants Immunity to New IL&FS Board(11.10.2018)

National Company Law Tribunal has empowered newly appointed board of the debt-laden Infrastructure Leasing & Financial Services as the court has debar.....

Tags : NCLT, IL&FS

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NCLT Rejects Government’s Plea of 3-Month Moratorium for IL&FS(15.10.2018)

NCLT has rejected the plea of a three-month moratorium against any legal proceedings by any party against the stressed infrastructure financier and it.....

Tags : NCLT, IL&FS

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NCLT Admits Venugopal Dhoot’s Plea to Consolidate Insolvency Cases(15.10.2018)

NCLT has decided to entertain a plea by Videocon Group founder Venugopal Dhoot seeking to consolidate separate insolvency proceedings initiated by len.....

Tags : NCLT, Videocon

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NCLT Principal Bench Directs to Move Videocon Insolvency Pleas to One Court(25.10.2018)

National Company Law Tribunal (NCLT) has directed to transfer all insolvency petitions related to Videocon group being heard in Mumbai courts to a sin.....

Tags : NCLT, Videocon

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NCLT Orders Liquidation of Kamineni Steel and Power(29.10.2018)

National Company Law Tribunal has ordered liquidation of Kamineni Steel and Power India and also appointed R Ramakrishna Gupta as liquidator.

Tags : NCLT, Kamineni Steel and Power

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NCLT Clears Scheme of Demerger of Branded Apparel and Engineering Businesses of Arvind(29.10.2018)

National Company Law Tribunal has approved the scheme of demerger of branded apparel and engineering businesses of Arvind into two entities.

Tags : NCLT, Arvind

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NCLT Orders Insolvency Proceedings Against Empee Distilleries(12.11.2018)

National Company Law Tribunal has ordered starting of Corporate Insolvency Resolution Process against liquor manufacturing company Empee Distilleries.....

Tags : NCLT, Empee Distilleries

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Former MD of Omaxe Gets NCLT Nod to Inspect Omaxe Records(21.11.2018)

National Company Law Tribunal has directed Guild Builders, the holding company of Omaxe, to allow former Omaxe MD Sunil Goel to inspect the records/re.....

Tags : nclt, Omaxe, Sunil Goel, Omaxe

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NCLT Admits Insolvency Plea Against Ariisto Developers(29.11.2018)

National Company Law Tribunal (NCLT) has admitted and initiated insolvency proceedings against Mumbai-based Ariisto Developers and has appointed an in.....

Tags : NCLT, Ariisto Developers

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NCLT Attaches Properties of 9 Former IL&FS Directors(04.12.2018)

National Company Law Tribunal (NCLT) has passed an interim order to attach all movable and immovable properties of nine former directors of IL&FS.

Tags : NCLT, IL&FS

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NCLT can’t Decide Legality of a Foreign Decree: NCLAT(05.12.2018)

National Company Law Appellate Tribunal has held that NCLT, the ‘adjudicating authority’ under the Insolvency and Bankruptcy Code, was not a ‘court’ o.....

Tags : NCLAT, NCLT, Foreign Decree

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NCLT Directs Era Infra RP to Admit ICICI Bank as Financial Creditor(07.12.2018)

National Company Law Tribunal (NCLT) has directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor .....

Tags : NCLT, ICICI, Era Infra

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NCLT Dismisses HDFC Plea for Initiating Proceedings Against RHC Holding(07.12.2018)

National Company Law Tribunal (NCLT) has dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financia.....

Tags : NCLT, HDFC, RHC Holding

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Winding Up Proceedings Under SICA to Continue in HC and Not in NCLT : SC(13.12.2018)

Supreme Court has held that winding up proceedings under the Sick Industrial Companies (Special Provisions) Act, 1985 will continue in the High Court .....

Tags : Supreme Court, NCLT, SICA

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Publication of Homebuyers’ Names in List of Creditors will Not Violate Privacy: NCLT(13.12.2018)

National Company Law Tribunal has held that disclosure of the names of homebuyers in the list of creditors will not result in violation of privacy.

Tags : NCLT, Publication of Homebuyers’ Names

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Chit Fund Scam: NCLT Orders Winding up of 13 Saradha Group Companies(13.12.2018)

National Company Law Tribunal (NCLT) has ordered winding up of 13 companies of the now-defunct Saradha Group and official liquidator has also been dir.....

Tags : NCLT, Chit Fund Scam

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NCLT Orders Liquidation of Nagarjuna Oil Corporation(13.12.2018)

National Company Law Tribunal, after multiple failed bids, has ordered liquidation of Nagarjuna Oil Corporation (NOCL), which is an associate firm of .....

Tags : NCLT, Nagarjuna Oil Corp

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NCLT Approves Merger of Capital First with IDFC Bank(14.12.2018)

National Company Law Tribunal (NCLT) has approved the amalgamation of Capital First, Capital First Home Finance, and Capital First Securities with IDF.....

Tags : NCLT, IDFC Bank

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NCLT Allows Reopening of IL&FS’s Past Accounts(02.01.2019)

National Company Law Tribunal (NCLT) has allowed the government to reopen and recast the accounts of Infrastructure Leasing and Financial Services Ltd.....

Tags : NCLT, IL&FS

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NCLT Admits Bankruptcy Plea Against Noida-Based Realtor Granite Gate(11.01.2019)

National Company Law Tribunal (NCLT) has given nod to start insolvency proceedings against NCR-based real estate firm Granite Gate Properties, after h.....

Tags : NCLT, Granite Gate

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NCLT Admits Insolvency Plea Against Parsvnath Landmark Developers(14.01.2019)

National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath Developers subsidiary, w.....

Tags : NCLT, Parsvnath Landmark Developers

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NCLT Rejects Edelweiss Bid for Bharati Defence(17.01.2019)

National Company Law Tribunal (NCLT) has ordered liquidation of Bharati Defence & Infrastructure Ltd. rejecting a resolution plan of Edelweiss Asset R.....

Tags : NCLT, Edelweiss, Bharati Defence

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No Need to Hear Out 3rd Party During Insolvency Admission, NCLAT Tells NCLT(21.01.2019)

National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party, other than the.....

Tags : NCLAT, NCLT, Hear Out 3rd Party During Insolvency Admission

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NCLT Allows Former Directors of IL&FS to Withdraw Rs. 2 Lakh Per Month(21.01.2019)

National Company Law Tribunal (NCLT) has allowed the former directors of IL&FS Group to withdraw Rs. 2 lakh each per month from one of their bank acco.....

Tags : NCLT, IL&FS

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NCLT Bench Clears Airtel-Tata Deal(22.01.2019)

National Company Law Tribunal (NCLT) has approved Bharti Airtel’s acquisition of Tata Teleservices’ consumer mobility business.

Tags : NCLT, Airtel-Tata Deal

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NCLT Bench Clears Airtel-Tata Deal(22.01.2019)

National Company Law Tribunal (NCLT) has approved Bharti Airtel’s acquisition of Tata Teleservices’ consumer mobility business.

Tags : NCLT, Airtel-Tata Deal

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NCLT Caps Withdrawal Limit from Banks for Former ILFS Directors(24.01.2019)

National Company Law Tribunal (NCLT) has put restrictions on the former directors of the debt-laden infrastructure financier IL&FS from operating thei.....

Tags : NCLT,, ILFS

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Corporate Debtor can Withdraw Application Filed Under IBC on Making OTS Offer to Creditor : NCLT(28.01.2019)

NCLT has allowed the a corporate debtor to withdraw petition for its insolvency, though with costs, besides allowing ex-director of corporate debtor t.....

Tags : NCLT, Corporate Debtor can Withdraw Application Filed Under IBC

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NCLT Directs Police Assistance to Resolution Professional After Corporate Debtor Hinders CIRP(30.01.2019)

National Company Law Tribunal has directed Police Commissioner, Ahmedabad to provide police assistance to a resolution professional who complained abo.....

Tags : NCLT, Police Assistance to Resolution Professional

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Essar Steel: NCLT Rejects Promoter Ruias’ Settlement Bid(30.01.2019)

National Company Law Tribunal (NCLT) has rejected the settlement offer by Essar Steel’s promoters, the Ruia family, paving the way for the acceptance .....

Tags : NCLT, Essar Steel

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NCLT Orders Reid & Taylor Liquidation(06.02.2019)

National Company Law Tribunal (NCLT) has ordered liquidation of apparel maker Reid & Taylor (R&T) after none of the suitors to company were able to ga.....

Tags : NCLT, Reid & Taylor

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SC Allows NCLT Ahmedabad to Decide Essar Steel Insolvency Case(12.02.2019)

Supreme Court has dismissed a plea by operational creditors of Essar Steel, including Indian Oil Corporation (IOC), which had sought a stay in insolve.....

Tags : Supreme Court, NCLT, Essar Steel

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NCLAT Extends Deadline for NCLT Ahmedabad to Decide on Essar Steel Insolvency Case(12.02.2019)

National Company Law Appellate Tribunal (NCLAT) has extended the deadline for NCLT Ahmedabad to decide over Rs. 42,000 crore resolution plan submitted.....

Tags : NCLT, Essar Steel

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NCLT Admits SFIO Plea to Wind Up IBMA(14.02.2019)

National Company Law Tribunal has admitted Serious Fraud Investigation Office (SFIO) petitions for winding up the Indian Bullion Market Association (I.....

Tags : NCLT, SFIO, IBMA

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NCLT Grants Gail India Status of Operational Creditor in Alok Industries Case(14.02.2019)

National Company Law Tribunal (NCLT) has accepted Gail India Ltd's plea to be treated as operational creditor in the textile player Alok Industries' i.....

Tags : NCLT, Alok Industries Case, Gail India

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NCLT Allows Resolution Process of Amtek Auto(14.02.2019)

National Company Law Tribunal, Chandigarh bench, has allowed financial creditors of Amtek Auto Ltd. to start the resolution process from scratch, mor.....

Tags : NCLT, Amtek Auto

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NCLAT Sets Aside NCLT’s Insolvency Order Against ECL(15.02.2019)

National Company Law Appellate Tribunal (NCLAT) has set aside an order by Kolkata bench of National Company Law Tribunal which allowed initiation of i.....

Tags : NCLAT, NCLT, Coal India

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NCLT nullifies attachment notice served by ED on Sterling Biotech Ltd(15.02.2019)

National Company Law Tribunal (NCLT) has nullified attachment notice served by the Enforcement Directorate on Baroda-based Sterling Biotech Ltd. and s.....

Tags : NCLT, Sterling Biotech Ltd

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NCLT Nullifies Attachment Notice Served by ED on Sterling Biotech Ltd.(15.02.2019)

National Company Law Tribunal (NCLT) has nullified attachment notice served by the Enforcement Directorate on Baroda-based Sterling Biotech Ltd. and s.....

Tags : NCLT, Sterling Biotech Ltd

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INSOLVENCY - Essar Steel Insolvency: NCLT Rejects RIL's Plea Opposing Arcelor Bid(27.02.2019)

National Company Law Tribunal (NCLT), Ahmedabad has rejected Mukesh Ambani-led Reliance Industries Limited (RIL)'s plea opposing ArcelorMittal's Rs. 4.....

Tags : NCLT, Essar Steel Insolvency

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INSOLVENCY - NCLT Rejects Essar Steel's Operational Creditors Plea Against Arcelor's Bid(01.03.2019)

National Company Law Tribunal (NCLT)-Ahmedabad has rejected debt-laden Essar Steel India’s (ESIL’s) operational creditors (OCs) plea against ArcelorMi.....

Tags : NCLT, Essar Steel

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INSOLVENCY - NCLAT Directs NCLT Ahmedabad to Take Call on ArcelorMittal's Essar Steel Bid by March 8(01.03.2019)

National Company Law Appellate Tribunal (NCLAT) has directed NCLT Ahmedabad bench to take a decision by March 8 on the Rs 42,000-crore bid submitted b.....

Tags : NCLAT, NCLT, ArcelorMittal's Essar

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INSOLVENCY - NCLT Rejects Karur Vysya Bank’s Plea Against ArcelorMittal Plan for Essar Steel(08.03.2019)

National Company Law Tribunal has rejected Karur Vysya Bank’s plea to quash Rs 42,000-crore resolution plan of ArcelorMittal for distressed Essar Stee.....

Tags : NCLT, Essar Steel, Karur Vysya Bank

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INSOLVENCY - 51% COC Vote Enough for Forensic Audit of Corporate Debtor: NCLT(08.03.2019)

National Company Law Tribunal (NCLT) has clarified that 51 per cent vote of the Committee of Creditors (CoC) is enough to initiate a forensic audit of.....

Tags : NCLT, Forensic Audit, Corporate Debtor

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INSOLVENCY - NCLT Clears ArcelorMittal's Resolution Plan for Essar Steel(11.03.2019)

National Company Law Tribunal (NCLT) has approved ArcelorMittal's Rs 42,000-crore takeover bid for Essar Steel.

Tags : NCLT, ArcelorMittal, Essar Steel

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COMPANY - Government Approves Establishment of NCLT Benches in Andhra Pradesh and Madhya Pradesh(11.03.2019)

Government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at .....

Tags : NCLT, New Benches, Andhra Pradesh, Madhya Pradesh

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INSOLVENCY - NCLT Approves RIL-JM Financial ARC's Rs. 5000 cr Bid for Alok Industries(11.03.2019)

National Company Law Tribunal (NCLT) Ahmedabad has approved joint bid by Reliance Industries Ltd-JM Financial Asset Reconstruction Co. Ltd. for insolv.....

Tags : NCLT, Alok Industries, Reliance Industries Ltd-JM Financial Asset Reconstruction Co. Ltd.

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INSOLVENCY - NCLT Admits ICICI Bank's Insolvency Plea Against Punj Lloyd(11.03.2019)

National Company Law Tribunal (NCLT) has admitted an insolvency plea against Punj Lloyd filed by ICICI Bank Ltd. for a default of Rs. 853.83 crore.

Tags : NCLT, Punj Lloyd, ICICI Bank

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INSOLVENCY - NCLT Questions Sterling Biotech Lenders on Accepting Deal from Promoters(14.03.2019)

National Company Law Tribunal (NCLT) has asked lenders of Sterling Biotech how they accepted the one-time settlement (OTS) offer from the promoters of.....

Tags : NCLT, Sterling Biotech

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INSOLVENCY - NCLT Seeks Views on Sterling Biotech Promoters’ Offer(15.03.2019)

National Company Law Tribunal (NCLT) has directed government, regulators, and investigation agencies to clear their stand before dedicated bankruptcy .....

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INSOLVENCY - NCLT Seeks Views on Sterling Biotech Promoters’ Offer(15.03.2019)

National Company Law Tribunal (NCLT) has directed government, regulators, and investigation agencies to clear their stand before dedicated bankruptcy .....

Tags : NCLT, Sterling Biotech Promoters

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INSOLVENCY - Sterling Biotech: NCLT Slams Andhra Bank over OTS Proposal(15.03.2019)

National Company Law Tribunal (NCLT) has pulled up Andhra Bank for accepting a 'One Time Settelement' (OTS) offer from absconding promoters of Gujarat.....

Tags : NCLT, Sterling Biotech Promoters, Andhra Bnak

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CRIMINAL - NCLT Approves Demerger of IIFL Group into 3 Entities(15.03.2019)

National Company Law Tribunal (NCLT) has approved the proposed demerger of Fairfax-backed IIFL Group, which paves the way for listing of three entitie.....

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COMPANY - NCLT Approves Demerger of IIFL Group(15.03.2019)

National Company Law Tribunal (NCLT) has approved the proposed demerger of Fairfax-backed IIFL Group, which paves the way for listing of three entitie.....

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COMPANY - NCLT Imposes Fine of Rs. 1 Lakh on Carnival Films Entertainment for Giving Loan to Directors(18.03.2019)

National Company Law Tribunal (NCLT) has slapped a deterrent penalty on Carnival Films Entertainment for giving loans to its own directors in violatio.....

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INSOLVENCY - NCLT Allows Fresh Bids for Castex as Liberty Fails to Pay(19.03.2019)

National Company Law Tribunal has allowed fresh bids for Amtek Auto's distressed unit Castex Technologies, with the winning bidder Liberty House faili.....

Tags : NCLT, Castex, Amtek Auto

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INSOLVENCY - NCLAT Sets Aside Jyoti Structures Liquidation(25.03.2019)

National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider th.....

Tags : National Company Law Appellate Tribunal, Jyoti Structure, Sharad Sanghi, NCLT

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INSOLVENCY-Workmen's Dues of Pension, Gratuity, PF Not Included in Liquidation Assets of Debtor: NCLT(26.03.2019)

National Company Law Tribunal has ruled that dues of provident fund, pension and gratuity do not form part of liquidation estate of corporate debtor a.....

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INSOLVENCY - NCLT Admits Bank of India’s Insolvency Plea Against Shrenuj & Co(28.03.2019)

National Company Law Tribunal (NCLT) has admitted insolvency plea against Shrenuj & Co, the century-old diamond house that had the late Maharani Gayat.....

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INSOLVENCY - NCLT Approves Revised Resolution Plan for Jyoti Structures(28.03.2019)

National Company Law Tribunal (NCLT) has approved the resolution plan for Jyoti Structures presented by the Resolution Professional on behalf of a gro.....

Tags : National Company Law Tribunal, NCLT, Jyoti Structures, Sharad Sanghi

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INSOLVENCY - NCLT Sees Violation of Sec 29(A) of IBC in Sterling Biotech Case(29.03.2019)

National Company Law Tribunal (NCLT) in Sterling Biotech case for second time has questioned motive of lenders, led by Andhra Bank to withdraw their b.....

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INSOLVENCY - NCLT Orders Commencement of Insolvency Process Against Orchid Pharma's Promoter Group Firm(29.03.2019)

National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process (CIRP) against Orchid Healthcare Private, a p.....

Tags : NCLT, Orchid Pharma's Promoter Group Firm

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NCLT Orders Insolvency Proceedings for IDEB Projects(02.04.2019)

National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process for IDEB Projects, an engineering and construction firm that .....

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NCLT Clears Sterling SEZ's One-Time Settlement Offer(12.04.2019)

National Company Law Tribunal (NCLT) has cleared a controversial proposal by public sector banks to withdraw bankruptcy proceedings against Sterling S.....

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Sterling Biotech RP for Failing to Discharge Duty: NCLT(16.04.2019)

National Company Law Tribunal rebuke resolution professional for failing to discharge his duties, asked to submit an explanation why he didn’t opt for.....

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NCLT Slams Sterling Biotech Resolution Professional for Failing to Discharge Duty(16.04.2019)

National Company Law Tribunal (NCLT) has reprimanded resolution professional of Sterling Biotech for failing to discharge his duties and has asked him.....

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NCLT Rejects ArcelorMittal’s Plea for EPC Re-Vote(22.04.2019)

National Company Law Tribunal (NCLT) has rejected Arcelor-Mittal India’s plea to set aside the resolution plan submitted by Royale Partners Investment.....

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NCLT Consults Centre, Bankruptcy Board to Resolve Jaypee Infra Deadlock(22.04.2019)

National Company Law Tribunal’s (NCLT) has sought views from government and Insolvency and Bankruptcy Board of India (IBBI) on ways to resolve the dea.....

Tags : NCLT, Jaypee Infratech

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