हिंदी में पढ़ें

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).

TRENDING NOW

New IBC Ordinance whittles down Rera powers: MahaRera

New IBC Ordinance whittles down Rera powers: MahaRera

Sun, Jun 17, 2018

Maharashtra's realty sector regulator MahaRera has questioned the rationale behind government decision to treat homebuyers as financial creditors by empowering them to drag their builders to NCLTs, saying the move whittles down its powers

NCLT allows Fortis to withdraw amalgamation scheme

NCLT allows Fortis to withdraw amalgamation scheme

Sat, Jun 16, 2018

Fortis Healthcare today said National Company Law Tribunal (NCLT) bench in Chandigarh has approved the withdrawal of the scheme of amalgamation between Fortis Malar Hospitals and SRL

Jaiprakash Associates to appeal against NCLT order

Jaiprakash Associates to appeal against NCLT order

Sun, May 20, 2018

Crisis-ridden Jaiprakash Associates Ltd (JAL) has decided to appeal against the NCLT order that directed the company to return nearly 760 acre land to its subsidiary Jaypee Infratech, while declaring the transfer of the land as "fraudulent" and "undervalued"

Debt resolution: Reliance Communication awaits NCLT order on Ericsson plea

Debt resolution: Reliance Communication awaits NCLT order on Ericsson plea

Wed, May 16, 2018

RCom and Ericsson have been negotiating a settlement over outstanding payments, and the matter has been sent to NCLT for further action.

Power Ministry, RBI meet on NPA norms postponed

Power Ministry, RBI meet on NPA norms postponed

Tue, May 08, 2018

Power ministry's meeting with Reserve Bank of India on the revised RBI norms for bad loans scheduled for today has been postponed. "It (the meeting) has been postponed. (The meeting will take place) some other day," Power Minister R K Singh told reporters on the sidelines of a function.

NCLT suggests IBBI review insolvency code regulations

NCLT suggests IBBI review insolvency code regulations

Sun, May 06, 2018

The National Company Law Tribunal also said that the resolution professional (RP) should be competent and independent so that there are no interruptions in the process which lead to delays in disposal of insolvency cases. Besides, it has said the claims of operational creditors are neglected or ignored as the Committee of Creditors (CoC) has supremacy of the financial creditors (banks and financial institutions) who have control over the entire process

Essar Steel bid: LN Mittal led ArcelorMittal India faces Rs 8,000 cr bill

Essar Steel bid: LN Mittal led ArcelorMittal India faces Rs 8,000 cr bill

Mon, Apr 23, 2018

Going by the observation made by the Ahmedabad bench of National Company Law Tribunal (NCLT) in its order on Numetal India and ArcelorMittal India case, the latter would not be eligible for acquiring Essar Steel just by selling its stake in Uttam Galva Steel and KSS Petron.

At Rs.13K crore, IVRCL rivals top NCLT cases

At Rs.13K crore, IVRCL rivals top NCLT cases

Thu, Apr 19, 2018

After accounting for the claims from about 38 financial institutions, over 2,815 operational creditors and 3,368 unpaid workers as per the data compiled by resolution professional, the total claim now stands at Rs 13,405.92 crore.

NCLAT recalls order that allowed Reliance Communications to go forward with sale of Reliance Infra biz

NCLAT recalls order that allowed Reliance Communications to go forward with sale of Reliance Infra biz

Wed, Apr 18, 2018

The appellate tribunal would start its hearing on the plea of Reliance Infratel (RCom's subsidiary that runs the tower and fibre businesses) from April 23 over sale of its businesses. "In view of the order passed by the Supreme Court, dated April 16, 2018...Interim order dated April 6, 2018 is recalled," said NCLAT bench headed by Justice S J Mukhopadhaya.

First case under NCLT process resolved; Vedanta bags Electrosteel

First case under NCLT process resolved; Vedanta bags Electrosteel

Wed, Apr 18, 2018

An operational creditor of Electrosteel, SRG Earth Resources contested that resolution professional has not admitted its full claim. Its demand was also rejected.

Monnet Ispat lenders may take 64 pct haircut

Monnet Ispat lenders may take 64 pct haircut

Wed, Apr 11, 2018

All formalities relating to the resolution has to be completed by the deadline of April 13. According to a source in the know, the deal is likely to be around Rs 3,750 crore, of which close to Rs 2,750 crore could be in cash and remaining could be in equity.

Binani Cement-UltraTech deal gets big boost from small investors

Binani Cement-UltraTech deal gets big boost from small investors

Wed, Apr 11, 2018

Braj Binani group flagship company Binani Cement had on Monday knocked at the door of the Supreme Court, bypassing the National Company Law Tribunal to prevent the sale of the cement company to Dalmia Bharat as it prefers an out-of-court deal with UltraTech.

Bank NPAs crisis: Govt hopes to get just half of Rs 9.5 lakh crore back

Bank NPAs crisis: Govt hopes to get just half of Rs 9.5 lakh crore back

Thu, Apr 05, 2018

The government on Wednesday said that it is hopeful of getting Rs 4 lakh crore back into the system out of a total of Rs 9.5 lakh crore that has been locked up in the non-performing assets (NPAs) accumulated by the banks.

ICICI Bank share price plunges 6 pct on CBI probe talk

ICICI Bank share price plunges 6 pct on CBI probe talk

Tue, Apr 03, 2018

ICICI Bank Board met on Monday to take stock of various cases at National Company Law Tribunal (NCLT) involving the lender.

PNB fraud: MCA mulls legal options to stall Nirav Modi firm Firestar Diamond's bankruptcy proceedings in US

PNB fraud: MCA mulls legal options to stall Nirav Modi firm Firestar Diamond's bankruptcy proceedings in US

Sun, Mar 25, 2018

PNB fraud: The move comes close on the heels of the National Company Law Tribunal (NCLT) restraining more than 60 entities, including Nirav Modi, Mehul Choksi, various individuals, companies and limited liability partnership firms, from selling their assets. A multi-agency probe, including by the Serious Fraud Investigation Office (SFIO), is progressing into the scam, whose kingpin is alleged to be Nirav Modi. The fraud, the biggest so far in the Indian banking industry, was perpetrated by way of issuance of fraudulent Letters of Undertaking ( LoUs )

Tata Steel's Bhushan Steel bid emerges winner; price may hit Rs 35,000 cr mark

Tata Steel's Bhushan Steel bid emerges winner; price may hit Rs 35,000 cr mark

Fri, Mar 23, 2018

Tata Steel plans to double capacity to 26 million tonnes in five years. It recently commissioned a greenfield steel plant at Kalinganagar, Odisha. Bhushan Steel will help Tata Steel overtake JSW Steel to become the country's top steel producer. Bhushan Steel was on the RBI's first list of 12 companies to be referred to the National Company Tribunal Law (NCLT). Tata Steel had also participated in the bidding process for Electrosteel Steels Ltd. Its bid, however, has been challenged by Abhishek Dalmia-led Renaissance Steel India Pvt Ltd.

Larsen & Toubro moves NCLT seeking dues from Bhushan Steel on priority

Thu, Mar 08, 2018

Counsels appearing for L&T submitted before the bench that the company owes it Rs 9 billion (Rs 900 crore) in dues for supply of capital goods. The engineering and construction major has asked National Company Law Tribunal (NCLT) to acknowledge it as a secured creditor for Bhushan Steel.

Aircel bankruptcy: At NCLT door, telco fails to pay 6000 employees over a whopping unpaid debt

Aircel bankruptcy: At NCLT door, telco fails to pay 6000 employees over a whopping unpaid debt

Tue, Mar 06, 2018

On February 28, Aircel Ltd, along with Aircel Cellular Ltd and Dishnet Wireless Ltd had filed for bankruptcy at the NCLT, citing high unsustainable debt, price wars, and legal and regulatory challenges.

PNB fraud: NCLT bars over 60 entities from selling assets

PNB fraud: NCLT bars over 60 entities from selling assets

Sun, Mar 04, 2018

PNB fraud: The National Company Law Tribunal (NCLT) have passed the directions against Nirav Modi and Mehul Choksi, the alleged main perpetrators of the fraud, as well as their firms and relatives, among other entities, as per a public announcement by the corporate affairs ministry

SBI inks pact with NeSL, announces credit cards for farmers

SBI inks pact with NeSL, announces credit cards for farmers

Tue, Jan 30, 2018

The bank today announced three major moves -- signing pact with NeSL, launching of two digital apps and deciding to provide free credit cards to farmers

Load More

LIVE TV

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x