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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 can now issue directions to convene meetings of shareholders: Future Retail

NCLT can now issue directions to convene meetings of shareholders: Future Retail

🕔07:40, 23.Feb 2021

New Delhi, Feb 23  Future Retail said on Monday that the Supreme Court has specifically ruled that the proceedings before the NCLT will be allowed to go on but will not culminate in any final order of sanction of the

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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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63 moons urges NCD, FD holders to oppose DHFL resolution plan at NCLT, seek Rs 30,000 cr

63 moons urges NCD, FD holders to oppose DHFL resolution plan at NCLT, seek Rs 30,000 cr

🕔17:00, 8.Jan 2021

Mumbai, Jan 8  63 moons technologies has invited other non-convertible debentures (NCD) and fixed deposit (FD) holders of Dewan Housing Finance Ltd (DHFL) to oppose the DHFL resolution plan at the National Company Law Tribunal Mumbai, by filing separate applications

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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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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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24 firms’ liquidation ordered by NCLT during April-June

24 firms’ liquidation ordered by NCLT during April-June

🕔06:30, 24.Sep 2020

New Delhi, Sep 24  Although fresh insolvency proceedings were suspended in May for a period of six months to help companies weather the coronavirus pandemic, ongoing proceedings continued and as many as 24 companies were ordered to go in for

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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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No coercive action against NCLT member Rajasekhar, orders Delhi HC

No coercive action against NCLT member Rajasekhar, orders Delhi HC

🕔17:18, 6.Jun 2020

New Delhi, June 6  The Delhi High Court on Friday directed the National Company Law Tribunal (NCLT) not to take any coercive action against its member Rajasekhar V.K. The order was passed by a single judge bench of Justice Navin

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NCLT allows 90 days extension for Jet Airways resolution

NCLT allows 90 days extension for Jet Airways resolution

🕔17:09, 18.Mar 2020

Mumbai, March 18  In a relief for the Jet Airways’ lenders, the National Company Law Tribunal (NCLT) on Wednesday approved their request for an extension to the corporate insolvency resolution process (CIRP) of the airline by another 90 days. The

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NCLT approves NBCC’s bid for Jaypee Infratech

NCLT approves NBCC’s bid for Jaypee Infratech

🕔07:20, 4.Mar 2020

New Delhi, March 4  In a major relief to over 20,000 home buyers of Jaypee Infratech, the National Company Law Tribunal’s (NCLT) principal bench on Tuesday approved public sector major NBCC’s resolution plan to acquire Jaypee Infratech. The tribunal modified

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NCLT not right forum for resolving stressed SMEs: SBI Chief

NCLT not right forum for resolving stressed SMEs: SBI Chief

🕔19:08, 16.Dec 2019

New Delhi, Dec 17  State Bank of India (SBI) Chairman Rajnish Kumar on Monday said that National Company Law Tribunal (NCLT) is not the right platform for resolution of bankrupt small and medium enterprises (SMEs) Speaking to the media on

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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 approves NHPC’s bid for Lanco Teesta Hydro Power Ltd. (LTHPL)

NCLT approves NHPC’s bid for Lanco Teesta Hydro Power Ltd. (LTHPL)

🕔22:17, 29.Jul 2019

National Company Law Tribunal (NCLT), Hyderabad bench on 26.07.2019 approved state run hydropower major NHPC’s bid for the debt-ridden Lanco Teesta Hydro Power Ltd (LTHPL) for an amount of Rs. 897.50 Crores under Corporate Insolvency Resolution Process. NHPC Limited is a

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