Page 10 of NCLT

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

Analysts have mainly blamed the delay in resolution for the value erosion, although other factors, too, served to drag down the recovery.

NCLT must take call on resolution in 30 days: Insolvency Law Committee

The committee also suggested that a clarificatory note be issued to stress that proceedings for avoidable transactions and improper trading…

June 16, 2022 04:30 IST

The US firm had moved the application under Section 65 of the Insolvency and Bankruptcy Code (IBC), which deals with provisions relating to penalty for fraudulent or malicious initiation of proceedings.

NCLT to now hear Amazon’s plea against FRL tomorrow

The insolvency petition, filed by Bank of India (BoI) in May, had come up for hearing before the Mumbai bench…

June 15, 2022 03:45 IST

Srei group transaction auditor reports Rs 3,025-cr fraud

SEFL, in its BSE filing, said the report relates to certain fraud transactions undertaken by the company during 2019-20 and…

June 14, 2022 08:51 IST

Waaree Energies gets NCLT approval to acquire Indosolar

Solar module maker Waaree Energies on Friday said it has received the National Company Law Tribunal’s approval to acquire Indosolar…

May 27, 2022 13:24 IST

Commenting the NCLT orders, Kanoria Foundation spokesperson Dhruv Bhalla said, “We are evaluating the order and would be firming up our next move shortly. All options, including filing with higher courts, are open for consideration.”

NCLT dismisses Srei founder Hemant Kanoria’s plea against forensic audit by KPMG

Notably, insolvency proceedings against SIFL and SEFL, two NBFCs, commenced from October last year after the insolvency petitions, filed by…

May 18, 2022 03:00 IST

NCLT orders insolvency proceedings against Birla Tyres

The tribunal said it was “satisfied upon the basis of documents”, and observed there is no payment of the unpaid…

May 9, 2022 16:45 IST

The application filed by SRF, under Section 9 of the Insolvency and Bankruptcy Code (IBC), for initiating the Corporate Insolvency Resolution Process (CIRP) against Birla Tyres, the corporate debtor, is admitted, said the NCLT Kolkata bench in its order dated May 5.

NCLT admits insolvency application against Birla Tyres

The tribunal said Seikh Abdul Salam is appointed as interim resolution professional of the company to carry out the functions…

May 7, 2022 06:30 IST

Srei founder Hemant Kanoria moves contempt plea before NCLT against Punjab and Sind Bank

Punjab and Sind Bank is a part of the committee of creditors (CoC) and is aware of the February 7…

April 29, 2022 00:42 IST

Large number of vacancies may hit NCLT functioning

An RTI reveals that in the near future vacancies at the adjudicating authority could be as high as 50%

April 19, 2022 08:21 IST

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