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IL&FS gets NCLAT approval for making over Rs 16,000 cr interim payout to creditors

IL&FS gets NCLAT approval for making over Rs 16,000 cr interim payout to creditors

🕔14:07, 3.Jun 2022

The National Company Law Appellate Tribunal (NCLAT) has directed the new board of Infrastructure Leasing & Financial Services (IL&FS) to make interim payout to creditors after prior approval of the new board, the tribunal said in an order. New Delhi,

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‘Urge NCLAT to decide’: SC to Future, Amazon on plea challenging CCI order

‘Urge NCLAT to decide’: SC to Future, Amazon on plea challenging CCI order

🕔16:08, 23.Feb 2022

New Delhi, Feb 23 (IANS) The Supreme Court on Wednesday asked Amazon and Future Group to move National Company Law Appellate Tribunal (NCLAT) to expeditiously dispose of Amazon’s appeal challenging the Competition Commission of India (CCI) order, passed in December last

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Piramal Group mulls to challenge NCLAT order on DHFL in SC

Piramal Group mulls to challenge NCLAT order on DHFL in SC

🕔07:33, 29.Jan 2022

Mumbai, Jan 29 (IANS) The Piramal Group said on Friday that it is considering moving the Supreme Court to appeal against an NCLAT order which has asked DHFL lenders to reconsider Piramal ascribing a value of Re 1 to Rs 45,000

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ArcelorMittal plan for Odisha Slurry Pipeline Infra gets NCLAT nod

ArcelorMittal plan for Odisha Slurry Pipeline Infra gets NCLAT nod

🕔12:13, 19.Jan 2022

New Delhi, Jan 19 (IANS) The National Company Law Appellate Tribunal (NCLAT) has approved the Resolution Plan submitted by ArcelorMittal for the corporate insolvency resolution process of Odisha Slurry Pipeline Infrastructure Limited. Giving a major relief to the world’s leading steel

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NCLT, NCLAT can encourage, not direct settlements under IBC: SC

NCLT, NCLAT can encourage, not direct settlements under IBC: SC

🕔07:21, 15.Dec 2021

New Delhi, Dec 15 (IANS) The Supreme Court on Tuesday said that the adjudicating authority (NCLT) and appellant authority (NCLAT) under the Insolvency and Bankruptcy Code (IBC) cannot compel parties to settle a dispute. A bench of Justices D.Y. Chandrachud and

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NCLAT says any further action on Piramal’s DHFL Resolution Plan subject to 63 moons plea

NCLAT says any further action on Piramal’s DHFL Resolution Plan subject to 63 moons plea

🕔15:51, 23.Jul 2021

New Delhi, July 23 63 moons technologies on Friday said the National Company Law Appellate Tribunal (NCLAT) clarified that any step taken in the DHFL matter in furtherance of the resolution plan will be subject to the outcome of its appeal.

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NCLAT allows withdrawal of insolvency proceedings against OYO arm

NCLAT allows withdrawal of insolvency proceedings against OYO arm

🕔15:54, 7.Jul 2021

New Delhi, July 7  The National Company Law Appellate Tribunal (NCLAT) has allowed withdrawal of insolvency against OYO Hotels and Homes Private Limited (OHHPL), which is a subsidiary of OYO. The order effectively concludes the insolvency proceedings against the company.

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NCLAT issues notices to CoC, DHFL and Piramal on 63 moons plea

NCLAT issues notices to CoC, DHFL and Piramal on 63 moons plea

🕔18:38, 6.Jul 2021

New Delhi, July 6  The National Company Law Appellate Tribunal (NCLAT) has issued notices to the committee of creditors (CoC), the administrator of DHFL and Piramal Capital and Housing Finance Ltd on a plea by 63 moons technologies against the

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NCLT admits insolvency plea against OYO arm; Co. moves NCLAT

NCLT admits insolvency plea against OYO arm; Co. moves NCLAT

🕔17:36, 7.Apr 2021

New Delhi, April 7  The Ahmedabad-bench National Company Law Tribunal (NCLT) has admitted the insolvency application against OYO subsidiary, OYO Hotels & Homes Private Ltd (OHHPL). Following the development, OYO has moved the National Company Law Appellate Tribunal (NCLAT) against

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After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Co.

After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Co.

🕔15:50, 29.Dec 2020

New Delhi, Dec 29 Hindustan Oil Exploration Company (HOEC)s attempt to contest implementation of the Resolution Plan completed in September was struck down for the third time by NCLTs Allahabad Bench on December 21. This a series of repeated appeals made

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Power PPAs cannot be terminated during insolvency process

Power PPAs cannot be terminated during insolvency process

🕔21:05, 23.Oct 2020

New Delhi, Oct 23 In a breather for bankrupt power generation companies, an insolvency tribunal has ruled that going concern status of such companies have to be maintained during the entire resolution process. The National Company Law Appellate Tribunal (NCLAT)

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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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Successful bidders can’t withdraw resolution plan: NCLAT

Successful bidders can’t withdraw resolution plan: NCLAT

🕔06:33, 3.Oct 2020

New Delhi, Oct 3  In a major judgement, the National Company Law Appellate Tribunal (NCLAT) has held that a resolution applicant whose plan has been approved by the Committee of Creditors (CoC) of the corporate debtor cannot withdraw the resolution

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NCLAT sets aside plea against CarVal’s resolution plan for Uttam Value Steel

NCLAT sets aside plea against CarVal’s resolution plan for Uttam Value Steel

🕔14:14, 10.Sep 2020

New Delhi, Sep 10  The National Company Law Appellate Tribunal (NCLAT) has given its go ahead for the resolution plan of New York-based CarVal Investors’ to acquire the debt-ridden Uttam Value Steels Ltd. The appellate tribunal in a judgment on

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NCLAT sets aside NCLT order dismissing CIRP plea against Mittal Corp

NCLAT sets aside NCLT order dismissing CIRP plea against Mittal Corp

🕔17:27, 9.Sep 2020

New Delhi, Sep 9  The National Company Law Appellate Tribunal (NCLAT) has set aside the order of the NCLT’s Mumbai bench, dismissing a plea to initiate corporate insolvency resolution process (CIRP) against Mittal Corp Ltd and has asked the tribunal

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NCLAT dismisses CIRP proceedings against Sarda Agro Oils

NCLAT dismisses CIRP proceedings against Sarda Agro Oils

🕔07:12, 29.Aug 2020

New Delhi, Aug 29  The National Company Law Appellate Tribunal (NCLAT) on Friday set aside the corporate insolvency resolution process (CIRP) against Sarda Agro Oils. The Hyderabad bench of the National Company Law Tribunal (NCLT) had last year admitted a

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Bhushan Power Acquisition: JSW Steel to pay Rs 19,700 cr

Bhushan Power Acquisition: JSW Steel to pay Rs 19,700 cr

🕔16:32, 20.Feb 2020

New Delhi, Feb 20  JSW Steel is all set to wrap up one of the long-drawn and high profile insolvency resolution cases, as it is likely to pay Rs 19,700 crore to acquire the bankrupt Bhushan Power and Steel Ltd

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Settle dues with HUDCO in 4 weeks: NCLAT to Vikram Bakshi

Settle dues with HUDCO in 4 weeks: NCLAT to Vikram Bakshi

🕔08:19, 29.May 2019

New Delhi, May 29  The National Company Law Appellate Tribunal on Tuesday gave four weeks time to businessman Vikram Bakshi for settling his dues with the Housing and Urban Development Corp (HUDCO). According to the HUDCO, Bakshi has to pay

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NCLAT to decide CoC powers in ESIL bankruptcy case

NCLAT to decide CoC powers in ESIL bankruptcy case

🕔07:11, 15.May 2019

Mumbai, May 15  The National Company Law Appellate Tribunal (NCLAT) hearing the Essar Steel bankruptcy proceedings said it would decide on the powers of the Committee of Creditors (CoC). The development came on Tuesday as senior advocate Kapil Sibal argued

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Banks can term IL&FS loans as NPAs, barred from recovery: NCLAT

Banks can term IL&FS loans as NPAs, barred from recovery: NCLAT

🕔17:54, 2.May 2019

New Delhi, May 2  The NCLAT on Thursday reversed its own interim order to allow lenders with exposure to IL&FS and its group companies to classify them as non-performing assets (NPAs), in line with RBI norms, but restrained them from

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