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Tag "National Company Law Tribunal"

IL&FS gets NCLT approval for ‘InvIT’ Phase-I

IL&FS gets NCLT approval for ‘InvIT’ Phase-I

🕔14:49, 30.Oct 2021

New Delhi, Oct 30 (IANS) Debt-ridden IL&FS on Saturday said that it has received approval for launching the first phase of the Infrastructure Investment Trust (InvIT) from National Company Law Tribunal (NCLT). Accordingly, with the approval, six road projects — Barwa

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Resolution professionals can now verify tax returns of bankrupt companies

Resolution professionals can now verify tax returns of bankrupt companies

🕔15:06, 19.Aug 2021

New Delhi, Aug 19  The Ministry of Finance has amended the Income Tax Rules to allow resolution professionals appointed by the National Company Law Tribunal (NCLT) to verify the tax returns of companies undergoing bankruptcy. The Income-tax (24th Amendment) Rules,

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NCLT approves Kalrock-Jalan resolution plan for Jet Airways

NCLT approves Kalrock-Jalan resolution plan for Jet Airways

🕔17:45, 22.Jun 2021

Mumbai, June 22  In a much-anticipated breakthrough in the Jet Airways resolution, the National Company Law Tribunal (NCLT) has approved the resolution of Kalrock-Jalan consortium for the bankrupt airline. The Mumbai-bench of the tribunal in its verdict on Tuesday gave

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NCLT okays Vedanta Group firm’s bid for Videocon Industries

NCLT okays Vedanta Group firm’s bid for Videocon Industries

🕔07:46, 9.Jun 2021

Mumbai, June 9  The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies Limited, a Vedanta Group company, to acquire the bankrupt Videocon Industries. The Committee of Creditors of Videocon had approved the plan last

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Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech

Tata Steel Mining declared successful resolution applicant for Rohit Ferro-Tech

🕔12:00, 7.Jun 2021

Mumbai, June 7  In yet another acquisition for Tata Steel under the Insolvency and Bankruptcy Code, its wholly owned subsidiary, the Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for

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SC: NCLT can decide disputes related to insolvency of corporate debtor

SC: NCLT can decide disputes related to insolvency of corporate debtor

🕔07:22, 9.Mar 2021

New Delhi, March 9  The Supreme Court on Monday held that National Company Law Tribunal (NCLT) has jurisdiction to decide disputes in connection with the insolvency of a corporate debtor. In a 138-page judgment, a bench of Justices D.Y. Chandrachud

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NCLT upholds Doha Bank plea, Reliance Infratel Financial Creditors to get 100% recovery aggregating Rs 3,515cr

NCLT upholds Doha Bank plea, Reliance Infratel Financial Creditors to get 100% recovery aggregating Rs 3,515cr

🕔14:49, 3.Mar 2021

Mumbai, March 3  National Company Law Tribunal (NCLT), Mumbai has upheld the petition of Doha Bank resulting in 100 per cent recovery for the Financial Creditors of Reliance Infratel Ltd. (RITL), aggregating to Rs 3,515 crore. Doha Bank, one of

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NCLT nod for Rs 707 cr claim of IL&FS’ FSEL from NHAI

NCLT nod for Rs 707 cr claim of IL&FS’ FSEL from NHAI

🕔15:36, 18.Feb 2021

Mumbai, Feb 18 The National Company Law Tribunal (NCLT) has approved the settlement claim of Rs 707.709 crore made by Fagne Sonagarh Expressway Limited (FSEL), a special purpose vehicle of IL&FS for the expressway project, from National Highways Authority of India

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NCLT approves NHPC’s Resolution Plan for Jalpower Corporation Limited

NCLT approves NHPC’s Resolution Plan for Jalpower Corporation Limited

🕔21:34, 7.Jan 2021

National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s Resolution Plan for taking over Jalpower Corporation Limited (JPCL) as going concern vide its order dated 24.12.2020 and uploaded the same on its website on 07.01.2021. JPCL was executing 120 MW Rangit

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63 Moons moves NCLT to ensure DHFL recovery benefits to creditors, NCD holders

63 Moons moves NCLT to ensure DHFL recovery benefits to creditors, NCD holders

🕔19:45, 31.Dec 2020

Mumbai, Dec 31  63 Moons Technologies on Thursday said it has filed an application with the National Company Law Tribunal (NCLT), Mumbai, seeking that the benefit of avoidance applications for approximately Rs. 30,000 crore filed by DHFL administrator under section

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NCLT approves JSW Steel arm’s bid for Asian Colour Coated Ispat

NCLT approves JSW Steel arm’s bid for Asian Colour Coated Ispat

🕔14:59, 19.Oct 2020

New Delhi, Oct 19  The National Company Law Tribunal (NCLT) has approved the resolution plan of JSW Steel Coated Products Limited, a subsidiary of JSW Steel Ltd for acquiring the bankrupt Asian Colour Coated Ispat Limited (ACCIL). In a regulatory

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Over 19,000 cases pending before NCLTs till July 31

Over 19,000 cases pending before NCLTs till July 31

🕔06:40, 21.Sep 2020

New Delhi, Sep 21  A total of 19,844 cases were pending before the National Company Appellate Tribunal’s (NCLT) various benches as of July 31, Parliament was informed on Sunday. In a written reply to a question in the Lok Sabha,

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NCLT approves sale of IL&FS education arm to LEHL

NCLT approves sale of IL&FS education arm to LEHL

🕔19:29, 2.Sep 2020

Mumbai, Sep 2 The National Company Law Tribunal (NCLT) has approved the sale of IL&FS’s education business, Schoolnet India Ltd, to Lexington Equity Holdings Ltd (LEHL). As per the deal, LEHL will service the entire debt of Schoolnet and will pay

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DoT tells NCLT it’s opposed to any RCom resolution that nullifies statutory dues

DoT tells NCLT it’s opposed to any RCom resolution that nullifies statutory dues

🕔07:19, 22.Aug 2020

New Delhi, Aug 22  The Department of Telecommunications (DoT) has told the National Company Law Tribunal (NCLT) that DoT remains fundamentally opposed to any resolution plan of RCom and RTL that involves nullifying the DoT’s statutory dues payable under the

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Bharti Airtel shareholders to vote on July 31 on scheme of arrangement

Bharti Airtel shareholders to vote on July 31 on scheme of arrangement

🕔13:54, 29.Jun 2020

New Delhi, June 29  The National Company Law Tribunal has directed for a meeting of Bharti Airtel shareholders to consider and approve the scheme of arrangement between Airtel, Bharti Airtel Services, Hughes Communications and HCIL Comtel. The meeting will be

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Submit pending dues from HDIL by Sept 8, NCLT to lenders

Submit pending dues from HDIL by Sept 8, NCLT to lenders

🕔17:15, 31.Aug 2019

New Delhi, Aug 31 The National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process of debt-ridden real estate major Housing Development and Infrastructure Ltd (HDIL), asking the lenders to submit their dues claims by September 8. “The creditors

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Bill for timely insolvency resolution passed in Lok Sabha

Bill for timely insolvency resolution passed in Lok Sabha

🕔18:59, 1.Aug 2019

New Delhi, Aug 1  Amid high-profile insolvency cases like Essar Steel and Jet Airways being heard by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), a Bill that seeks time-bound resolution of such cases was

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NCLT admits insolvency plea against Jet Airways

NCLT admits insolvency plea against Jet Airways

🕔21:36, 20.Jun 2019

Mumbai, June 20  The National Company Law Tribunal (NCLT) on Thursday admitted the State Bank of India’s insolvency plea against the now-grounded Jet Airways. The Mumbai bench of the tribunal has directed the Insolvency Resolution Professional (IRP) to make efforts

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NCLT chief hopes to achieve resolutions in 180 days

NCLT chief hopes to achieve resolutions in 180 days

🕔18:35, 5.May 2019

New Delhi, May 5  Repeatedly criticised for delays, National Company Law Tribunal President Justice M.M. Kumar, here on Saturday, said with the government decision to appoint 32 new members to the NCLT the resolution process would speed up. “Now that

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IDBI Bank seeks NCLT nod to extend Jaypee resolution deadline

IDBI Bank seeks NCLT nod to extend Jaypee resolution deadline

🕔07:15, 30.Apr 2019

New Delhi, April 30  IDBI Bank, the prime lender of Jaypee Infratech (JIL), has approached the Delhi bench of National Company Law Tribunal (NCLT) seeking extension of the 270-day deadline for the resolution of the company, sources said. The deadline

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