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Tag "National Company Law Tribunal"

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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RBI’s revised debt resolution rules likely post-election

RBI’s revised debt resolution rules likely post-election

🕔09:56, 15.Apr 2019

New Delhi, April 15  The RBI’s revised stress assets resolution circular is likely to be out after the elections to clear the model code of conduct, and also the regulator may need time to have consultations with legal experts, industry

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NCLT approves ArcelorMittal’s Rs 45,000 cr Essar Steel takeover plan

NCLT approves ArcelorMittal’s Rs 45,000 cr Essar Steel takeover plan

🕔10:04, 9.Mar 2019

Ahmedabad, March 9  The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday approved AreclorMittal’s Rs 45,000 crore resolution plan for the insolvent Essar Steel.

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NCLT approves Tata Teleservices merger with Bharti Airtel

NCLT approves Tata Teleservices merger with Bharti Airtel

🕔10:29, 22.Jan 2019

New Delhi, Jan 22  The Delhi-bench of National Company Law Tribunal (NCLT) has approved the merger of financially-stressed Tata Teleservices with Bharti Airtel. With the approval the merger gets a final shape over one year after it was announced by

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Lok Sabha passes Companies (Amendment) Bill for ease of doing business

Lok Sabha passes Companies (Amendment) Bill for ease of doing business

🕔07:25, 5.Jan 2019

New Delhi, Jan 5  To improve ease of doing business, the Lok Sabha on Friday passed the Companies (Amendment) Bill, 2018, designed to reduce the National Company Law Tribunal’s (NCLT) burden in volume of insolvency cases, as well as prescribe

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No objection to Tata Steel’s takeover of Bhushan Power: CCI

No objection to Tata Steel’s takeover of Bhushan Power: CCI

🕔12:21, 9.Aug 2018

New Delhi, Aug 8  The Competition Commission of India (CCI) on Wednesday said it has no objection to the proposed acquisition of debt-ridden Bhushan Power and Steel Ltd (BPSL) by Tata Steel as it will not impact competition in the

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NCLT upholds Tata Sons 2016 move sacking Cyrus Mistry as Chairman

NCLT upholds Tata Sons 2016 move sacking Cyrus Mistry as Chairman

🕔15:32, 9.Jul 2018

Mumbai, July 9 (IANS) In a significant ruling, the National Company Law Tribunal (NCLT) on Monday upheld the October 24, 2016 decision of the Tata Sons Board of Directors dismissing its then Chairman Cyrus Mistry, a company official said here, which

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NCLT upholds Tata Sons 2016 move sacking Cyrus Mistry as Chairman

NCLT upholds Tata Sons 2016 move sacking Cyrus Mistry as Chairman

🕔14:41, 9.Jul 2018

Mumbai, July 9  In a significant ruling, the National Company Law Tribunal (NCLT) on Monday upheld the October 24, 2016 decision of the Tata Sons Board of Directors dismissing its then Chairman Cyrus Mistry, a company official said here, which

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Bank recapitalisation, NPA resolution showing results : Government

Bank recapitalisation, NPA resolution showing results : Government

🕔18:56, 12.Jun 2018

New Delhi, June 12 (IANS) The government on Tuesday said the recapitalisation of banks and resolution of non-performing assets (NPA) had started showing results which was reflected in the double-digit growth in bank credit in April. Financial Services Secretary Rajiv Kumar

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Financials red-flagged by auditor, Educomp’s resolution plan likely to come up at NCLT

Financials red-flagged by auditor, Educomp’s resolution plan likely to come up at NCLT

🕔15:02, 5.Apr 2018

New Delhi, April 5  Despite its financials being red-flagged by the auditor, debt-ridden digital education firm Educomps final resolution plan is expected to come up at the National Company Law Tribunal (NCLT). The corporate tribunal is expected to hear the

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NCLT benches must be in proportion to firms in region: SBI

NCLT benches must be in proportion to firms in region: SBI

🕔11:50, 20.Mar 2018

New Delhi, March 20  The National Company Law Tribunal (NCLT) adjudicating on insolvency cases requires superior infrastructure that allows NCLT benches to be set up in proportion to the state-wise number of companies active in the region, state-run State Bank

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PFC takes stressed projects before NCLT

PFC takes stressed projects before NCLT

🕔20:00, 12.Mar 2018

New Delhi, March 12  At a time when stressed projects and the bad loans of banks are in focus, state-run Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters of stressed

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