Page 10 of NCLT

The plea was filed by one of the creditors of the airline, Acres Buildwell, to whom SpiceJet owes Rs 3.25 crore.

SpiceJet gets notice from NCLT

A September 2 NCLT order had granted SpiceJet two weeks to file its reply as to why the insolvency process…

September 24, 2022 02:45 IST

Insolvency initiation: SC upholds NCLT’s discretionary powers

While seeking review of the judgment, Mehta and Divan told the SC that there was a need to revisit the…

September 23, 2022 02:45 IST

HDFC Life Insurance had last year announced 100% acquisition of Exide Life and the subsequent merger.

NCLT nod to Exide Life HDFC Life merger

The NCLT has sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, it said.…

September 17, 2022 02:15 IST

Srei: NCLT approves further 60-day extension for completion of CIRP

As of January 31, the administrator admitted total claims of Rs 22,964.64 crore of commercial banks of SIFL and SEFL,…

September 15, 2022 00:45 IST

NCLT tells ZEEL to hold shareholders’ meet on Oct 14

The tribunal, in its order pronounced in the court on August 24, had directed ZEEL to hold the meeting on…

Updated: September 8, 2022 07:50 IST

NCLT recoveries improve to 30.6% in Q1FY23 from 26% in Q1FY22

Total admitted claims of financial creditors rose from Rs 6,84,901.3 crore in March 2022 to Rs 7,67,384.9 crore in June…

Updated: September 3, 2022 13:11 IST

bank of india Future Lifestyle Fashions case

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea

A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been…

August 30, 2022 15:33 IST

Future Enterprises faces second plea to initiate insolvency

The latest petition is filed against Future Enterprises by Retail Detailz India, claiming default of Rs 4.02 crore before the…

August 24, 2022 14:27 IST

NCLT president Justice Ramalingam Sudhakar could not be contacted for comment.

Liquidator of bankrupt Chennai firm seeks contempt action against NCLT members

Sivakumar alleged that Anil Kumar continued to hear the matter even after putting in his papers, after an extension of…

Updated: August 12, 2022 10:05 IST

NCLT rejects JSW Energy’s plea to withdraw resolution plan for Ind-Barath

The NCLT had, on August 29, 2018, admitted Bank of Baroda’s plea to initiate insolvency proceedings against Ind-Barath Energy.

July 27, 2022 02:40 IST

On June 27, NCLT’s Mumbai bench, which has been hearing the case, had reserved its order for a later date.

NCLT admits insolvency petition filed by Bank of India against Future Retail

Tribunal initiates insolvency proceedings, rejects Amazon’s objections

July 21, 2022 05:00 IST

NCLT orders insolvency proceedings against Future Retail; rejects Amazon’s intervention application

The tribunal, presided by Justice PN Deshmukh and Shyam Babu Gautam, said it was admitting Bank of India’s plea under…

Updated: July 20, 2022 18:06 IST

The petition is admitted and initiation of Corporate Insolvency Resolution Process (CIRP) is ordered against Sahara Hospitality, and appointed Mamta Binani as Interim Resolution Professional, NCLT said in its order pronounced on Friday.

NCLT admits insolvency petition against Sahara Hospitality

The principal amount was about Rs 32 crore, which Sahara defaulted, according to petition filed by Delta Electro Mechanical.

July 18, 2022 03:00 IST

For July 8 Power prices may go up by 60-70 paise per unit: RK Singh

Speaking to reporters on the sidelines of the 75the foundation day of the Damodar Valley Corporation, he said the generation…

July 8, 2022 08:40 IST

Amalgamation scheme: Nod from bourses for HDFC twins’ merger

“HDFC Bank has received an observation letter with ‘no adverse observations’ from BSE Limited and observation letter with ‘no objection’…

July 4, 2022 08:29 IST

Future Retail: NCLT reserves order on Amazon petition against BoI’s insolvency proceedings plea

BoI had submitted that the lender’s plea against FRL has no connection with Amazon as the proceedings are in line…

June 27, 2022 21:24 IST

While the NCLT members who were appointed in 2019 claim that they were entitled to a tenure of five years, the government says it can appoint someone for a three-year term too. Barring eight members whose tenures were extended last week by the government, rest are scheduled to retire by July 3.

SC to hear case on tenure of NCLT members in detail

The government also informed the Bench that it had last week granted a two-year extension to only eight of the…

June 21, 2022 04:45 IST

The insolvency petition, filed by BoI in May, had come up for hearing before the Mumbai bench of tribunal again today. The bankruptcy court would continue hearing Amazon’s side on why its plea is maintainable, following which it will hear BoI’s arguments.

NCLT to continue hearing Future Retail case on Monday

The US firm had moved the application under Section 65 of the Insolvency and Bankruptcy Code (IBC), which deals with…

June 17, 2022 01:00 IST

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Insurance Bill to deter mis-selling

Money28 min ago

Parliament passed the Insurance Amendment Bill, capping agents’ commissions to promote needs-based advice and reduce policy lapses and claim disputes. The regulator gains more authority to regulate commissions and impose higher penalties. A policyholders’ education and protection fund will reduce mis-selling. The Bill also allows 100% foreign direct investment, promising more choices.

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