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Tag "NCLT"

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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NCLT admits insolvency plea against Jet Airways

NCLT admits insolvency plea against Jet Airways

🕔21:36, 20.Jun 2019

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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IDBI Bank seeks NCLT nod to extend Jaypee resolution deadline

IDBI Bank seeks NCLT nod to extend Jaypee resolution deadline

🕔07:15, 30.Apr 2019

New Delhi, April 30  IDBI Bank, the prime lender of Jaypee Infratech (JIL), has approached the Delhi bench of National Company Law Tribunal (NCLT) seeking extension of the 270-day deadline for the resolution of the company, sources said. The deadline

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RBI’s revised debt resolution rules likely post-election

RBI’s revised debt resolution rules likely post-election

🕔09:56, 15.Apr 2019

New Delhi, April 15  The RBI’s revised stress assets resolution circular is likely to be out after the elections to clear the model code of conduct, and also the regulator may need time to have consultations with legal experts, industry

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75 firms have debt of Rs 2.24 lakh crore: Petitioners (NCLT Part IV– Power Cos Woes)

75 firms have debt of Rs 2.24 lakh crore: Petitioners (NCLT Part IV– Power Cos Woes)

🕔21:55, 31.Mar 2019

New Delhi, March 31 (IANS) As many as 34 power companies have accumulated Rs 1.4 lakh crore of NPA for Indian banks while 41 corporates across sectors, including those from infrastructure, textile, telecom, sugar, steel, energy, power and fertilisers have Rs

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NCLT approves ArcelorMittal’s Rs 45,000 cr Essar Steel takeover plan

NCLT approves ArcelorMittal’s Rs 45,000 cr Essar Steel takeover plan

🕔10:04, 9.Mar 2019

Ahmedabad, March 9  The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday approved AreclorMittal’s Rs 45,000 crore resolution plan for the insolvent Essar Steel.

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NCLT must decide on Essar Steel by Feb 11: NCLAT

NCLT must decide on Essar Steel by Feb 11: NCLAT

🕔09:06, 5.Feb 2019

New Delhi, Feb 5  The National Company Law Appellate tribunal (NCLAT) on Monday directed the NCLT’s Ahmedabad bench to decide on the insolvency resolution of Essar Steel by February 11, failing which it would take a call on February 12.

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NCLT approves Tata Teleservices merger with Bharti Airtel

NCLT approves Tata Teleservices merger with Bharti Airtel

🕔10:29, 22.Jan 2019

New Delhi, Jan 22  The Delhi-bench of National Company Law Tribunal (NCLT) has approved the merger of financially-stressed Tata Teleservices with Bharti Airtel. With the approval the merger gets a final shape over one year after it was announced by

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Lok Sabha passes Companies (Amendment) Bill for ease of doing business

Lok Sabha passes Companies (Amendment) Bill for ease of doing business

🕔07:25, 5.Jan 2019

New Delhi, Jan 5  To improve ease of doing business, the Lok Sabha on Friday passed the Companies (Amendment) Bill, 2018, designed to reduce the National Company Law Tribunal’s (NCLT) burden in volume of insolvency cases, as well as prescribe

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