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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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NCLAT seeks details of IL&FS’ dues

NCLAT seeks details of IL&FS’ dues

🕔06:32, 30.Mar 2019

New Delhi, March 30  The National Company Law Appellate Tribunal (NCLAT) on Friday told the board of the cash-strapped IL&FS to submit details of the group’s dues. The matter has been adjourned till the next hearing on April 8. The

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