The Supreme Court on Friday said it has time and again emphasised that there is need for minimal judicial interference by the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) in the framework of the
New Delhi, Dec 24 (IANS) GMR Infrastructure on Thursday said it has received an approval from the Mumbai bench of National Company Law Tribunal on the demerger of its non-airport businesses. “The Hon’ble National Company Law Tribunal, Mumbai Bench (Tribunal) has
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
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,
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
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
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
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
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
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
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
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
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
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,
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
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
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
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
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
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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