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Tag "NCLT"

Banks move NCLT to invoke personal guarantee of promoters

Banks move NCLT to invoke personal guarantee of promoters

🕔17:20, 13.Jul 2021

Mumbai, July 13  Several banks have started moving the National Company Law Tribunal (NCLT) to invoke the personal guarantees given by promoters of defaulting companies. According to banking sources, leading banks, including State Bank of India (SBI), Bank of Baroda

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NCLT grills IDBI Bank over settlement with Siva Industries: Report

NCLT grills IDBI Bank over settlement with Siva Industries: Report

🕔21:11, 28.Jun 2021

New Delhi, June 28  The Chennai bench of the National Company Law Tribunal (NCLT) has grilled IDBI Bank again over one-time settlement (OTS) deal reached between the IDBI Bank-led bank consortium and Siva Industries and Holdings Ltd (SIHL), Zee Biz

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With NCLT nod to resolution plan, Jet Airways may fly again in 6 months

With NCLT nod to resolution plan, Jet Airways may fly again in 6 months

🕔07:36, 23.Jun 2021

New Delhi, June 23  The now-grounded Jet Airways is likely to take the skies again within six months from now. On Tuesday, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of the Kalrock-Jalan Consortium

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NCLT approves Kalrock-Jalan resolution plan for Jet Airways

NCLT approves Kalrock-Jalan resolution plan for Jet Airways

🕔17:45, 22.Jun 2021

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

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NCLT okays Vedanta Group firm’s bid for Videocon Industries

NCLT okays Vedanta Group firm’s bid for Videocon Industries

🕔07:46, 9.Jun 2021

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

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Reliance Jio moves NCLT against Reliance Infratel COC

Reliance Jio moves NCLT against Reliance Infratel COC

🕔19:21, 26.May 2021

Mumbai, May 26  Reliance Jio has moved the NCLT against the Committee of Creditors (CoC) of Reliance Infratel Ltd (RITL). According to sources, Reliance Jio, through Reliance Project and Property Management Services Ltd, has filed an application in the NCLT

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Banks must come out with clear policies for settlement of personal guarantees: S Ravi

Banks must come out with clear policies for settlement of personal guarantees: S Ravi

🕔19:16, 26.May 2021

New Delhi, May 26  It is imperative the Banks frame a clear OTS (one time settlement) policy for all borrowers who have provided personal guarantee under NCLT and recovery process that is systematic so as to ensure no arbitrary decisions

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NCLT asks DHFL lenders to consider Wadhawan’s settlement offer

NCLT asks DHFL lenders to consider Wadhawan’s settlement offer

🕔17:17, 19.May 2021

New Delhi, May 19  In a major turn of events in the resolution of DHFL, the National Company Law Tribunal (NCLT) has asked its lenders to consider the settlement offer of former promoter Kapil Wadhawan. The tribunal has given the

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Assocham seeks reimposition of bankruptcy moratorium amid rising Covid cases

Assocham seeks reimposition of bankruptcy moratorium amid rising Covid cases

🕔20:42, 16.Apr 2021

New Delhi, April 16  Assocham has approached the Finance Ministry with a plea to reimpose moratorium on taking debt-ridden companies to NCLT under the Insolvency and Bankruptcy Code (IBC) till December 2021 in the face of severe outbreak of second

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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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