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NCLT

Finance Minister Nirmala Sitharaman meets heads of PSBs, asks banks to undertake special drive to garner deposits

Finance Minister Nirmala Sitharaman meets heads of PSBs, asks banks to undertake special drive to garner deposits

Mon, Aug 19, 2024

The minister also urged the PSBs to explore collaboration to leverage their respective strengths by sharing best practices in emerging areas and equip themselves to keep pace with changes in the banking sector.

Byju's knocks at NCLAT door against NCLT's insolvency order; seeks urgent hearing

Byju's knocks at NCLAT door against NCLT's insolvency order; seeks urgent hearing

Thu, Jul 18, 2024

Byju's did not comment on the issue.According to sources, Byju's on Thursday moved the appellate tribunal, NCLAT, contesting the recent order of NCLT's Bengaluru bench that had admitted the cricket board's plea to start insolvency proceedings against the parent company Think and Learn, after the edtech firm failed to pay Rs 158.9 crore dues.

NCLT accepts BCCI insolvency plea against Byju's, ed-tech firm to challenge decision

NCLT accepts BCCI insolvency plea against Byju's, ed-tech firm to challenge decision

Tue, Jul 16, 2024

According to sources close to the development, the company is planning to challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT).

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NCLT directs freezing, attaching assets of Videocon promoters

NCLT directs freezing, attaching assets of Videocon promoters

Wed, Sep 01, 2021

The National Company Law Tribunal (NCLT) has directed to freeze and attach assets and properties of Videocon promoters following a petition by the Ministry of Corporate Affairs.

Go ahead! Tata Motors gets NCLT nod for hiving off passenger vehicles biz into separate entity

Go ahead! Tata Motors gets NCLT nod for hiving off passenger vehicles biz into separate entity

Fri, Aug 27, 2021

Tata Motors had said that its passenger vehicles business unit has been valued at Rs 9,417 crore.

BIG setback to C Sivasankaran and lenders! NCLT orders LIQUIDATION of Siva Industries and Holdings

BIG setback to C Sivasankaran and lenders! NCLT orders LIQUIDATION of Siva Industries and Holdings

Thu, Aug 12, 2021

Siva Industries and Holdings Case: "We conclude that this is not a proposal under Section 12A, but rather a restructuring proposal. There is no offer, nor a final acceptance. There is only ambiguity about the offer, hence this application stands dismissed"

Is Commercial Wisdom undermining IBC? Experts call for relook

Is Commercial Wisdom undermining IBC? Experts call for relook

Tue, Aug 03, 2021

Banks have accepted haircut up to 95%, which goes against the intent of Insolvency and Bankruptcy Code (IBC)

HERE IS WHY overall resolution of IL&FS group companies may stretch beyond current fiscal

HERE IS WHY overall resolution of IL&FS group companies may stretch beyond current fiscal

Wed, Jul 14, 2021

The Board of IL&FS expects to address an overall debt recovery of Rs 61,000 crore.

Siva Industries Case: Blockage or Backdoor Entry for Promoters? NCLT order to set the precedent

Siva Industries Case: Blockage or Backdoor Entry for Promoters? NCLT order to set the precedent

Mon, Jul 12, 2021

Lenders have agreed for a settlement of Rs 4863 Cr dues for a meager sum of Rs 323 Cr.

Siva Group-IDBI Bank OTS deal: NCLT comes down heavily on IDBI Bank; questions it on hurry to settle case

Siva Group-IDBI Bank OTS deal: NCLT comes down heavily on IDBI Bank; questions it on hurry to settle case

Thu, Jun 24, 2021

The Chennai bench of the National Company Law Tribunal (NCLT) has grilled IDBI Bank again over one-time settlement (OTS) deal reached between the IDBI Bank-led bank consortium and Siva Industries and Holdings Ltd (SIHL). The bench today questioned the alacrity being shown by the lead lender IDBI Bank as CBI has charged C Sivsasankaran in a loan fraud case of IDBI Bank

FLYING HIGH! Jet Airways share price continues to surge, stock jumps 16% in 3 sessions on the back of revival plan

FLYING HIGH! Jet Airways share price continues to surge, stock jumps 16% in 3 sessions on the back of revival plan

Wed, Jun 23, 2021

Surging for the third straight session on Wednesday, the shares of Jet Airways hit an upper circuit of five per cent to hit a new 52-week high for the second day in a row on the BSE today, amid revival plans.

Jet Airways' resolution plan gets approval from NCLT

Jet Airways' resolution plan gets approval from NCLT

Tue, Jun 22, 2021

The resolution plan of Jet Airways has been approved by NCLT Mumbai. However, its old slots have not been returned to Jet Airways. The NCLT has made it clear in the order that it will not have any right over the slot.

Jet Airways Resolution Plan: APPROVED by NCLT but Tribunal makes these aspects clear - All you need to know

Jet Airways Resolution Plan: APPROVED by NCLT but Tribunal makes these aspects clear - All you need to know

Tue, Jun 22, 2021

National Company Law Tribunal (NCLT) has approved the resolution plan of Jet Airways. However, the airline company will not be given its previous slots. The tribunal has made it clear to Jet Airways that the company has no rights over the slots and it will be the decision of the Director General of Civil Aviation (DGCA) to do so

Jet Airways share price hits UPPER CIRCUIT – Here is why

Jet Airways share price hits UPPER CIRCUIT – Here is why

Tue, Jun 22, 2021

As the National Company Law Tribunal (NCLT) on Tuesday cleared the resolution plan for Jet Airways, the shares of the company hit an upper circuit of five per cent to Rs 99.45 per share on the BSE intraday trade today, as compared to Rs 94.75 per share previous close.

NCLT poses tough questions to lenders and Siva Industries

NCLT poses tough questions to lenders and Siva Industries

Fri, Jun 18, 2021

NCLT Chennai bench today posed some really tough questions to the Resolution Professional, lenders committee and Siva Industries & Holdings while hearing the withdrawal application filed by Resolution Professional to settle the dues of banks and other lenders.

Siva Industries case: The BIG GAME of Bank, NPA and Settlement! WHY banks agreed to settle huge loan of Rs 4863 crore at just Rs 323 cr? BIG QUESTIONS RAISED!

Siva Industries case: The BIG GAME of Bank, NPA and Settlement! WHY banks agreed to settle huge loan of Rs 4863 crore at just Rs 323 cr? BIG QUESTIONS RAISED!

Wed, Jun 16, 2021

Siva Industries Loan Settlement Case: Some serious allegations and questions have been raised with respect to Siva Industries and Holdings case that has grabbed the limelight.

NCLT adjourns Reliance Infratel matter to July 5

NCLT adjourns Reliance Infratel matter to July 5

Thu, Jun 10, 2021

This comes after SBI has chosen to withdraw the fraud tag against RCom’s tower and fibre company, Rel Infratel Ltd.

Big win for MCA, NCLT orders winding up of Devas Multimedia

Big win for MCA, NCLT orders winding up of Devas Multimedia

Wed, May 26, 2021

NCLT Bengaluru has ordered winding up of Devas Multimedia Private Limited, on account of fraudulent activities. The Tribunal has found the very incorporation as fraudulent, to enter into an agreement with ISRO for a technology which Devas Multimedia never had and was not even available at that time

NCLAT upholds NCLT order to initiate insolvency proceedings against Meenakshi Energy

NCLAT upholds NCLT order to initiate insolvency proceedings against Meenakshi Energy

Fri, Sep 11, 2020

In addition to this, the petitioners had also contended that SBI had moved its insolvency plea before the NCLT following a RBI Circular of February 12, 2018, and the Supreme Court had struck it down declaring the circular as ultra vires.

Decriminalisation of minor offences to improve ease of doing biz, say experts

Decriminalisation of minor offences to improve ease of doing biz, say experts

Thu, Jun 11, 2020

The decriminalisation measures need to be viewed from three different perspectives- ease of doing business; relief to beleaguered MSMEs and companies affected by lockdown and COVID-19; and easing the stress on the National Company Law Tribunal (NCLT), said Atul Pandey, Partner, Khaitan & Co.

Aviva Life settles 2-year-old dispute with Apeejay Trust

Aviva Life settles 2-year-old dispute with Apeejay Trust

Thu, Nov 28, 2019

Citing safety of its policyholders and distributors, Aviva Life has settled the Apeejay Trust case in which the latter was asking Rs 27.67 lakh from the Aviva Life.

Supplier says Flipkart not 'economically viable' after defaulting on payment

Supplier says Flipkart not 'economically viable' after defaulting on payment

Wed, Nov 06, 2019

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Walmart owned e-commerce company, Flipkart for defaulting on Rs 18 crore payment to one of its suppliers.

NCLT orders corporate insolvency resolution process against HDIL

NCLT orders corporate insolvency resolution process against HDIL

Sat, Aug 31, 2019

NCLT orders corporate insolvency resolution process against HDIL. Watch this video to know more.

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