Page 11 of NCLT

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

Credit Suisse is seeking about Rs 660 crore in dues from RCap and Axis Bank about Rs 100 crore. NCLT’s Mumbai bench is slated to hear the matters separately on May 9 and May 10.

Credit Suisse, Axis Bank drag Reliance Capital, administrator to NCLT

At its meeting, the CoC also decided to seek a three-months extension to the June 3 deadline for the completion…

April 14, 2022 01:00 IST

At Rs 2.5 trillion, stressed realty debt only a tad lower

Around Rs 90,000 crore stuck in cases undergoing insolvency

Updated: March 30, 2022 08:25 IST

JSPL moves NCLT seeking stay on Reliance Naval’s resolution process

On March 17, Hazel Mercantile, in partnership with Swan Energy, emerged the winner with 95% of the committee of creditors…

March 30, 2022 03:00 IST

Allegations made in NCLT petition downright untruthful: Max Group Chairman

“Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged…

March 28, 2022 11:28 IST

Supreme Court rejects Electrosteel Castings’s plea in insolvency case

ESL said that since DRT, Chennai has reserved its judgement, the National Company Law Tribunal (NCLT) proceedings initiated by UVA…

Updated: March 28, 2022 20:17 IST

Rs 432-crore default: NCLT declares Supertech bankrupt

Under Section 7 of the IBC, an applicant seeking to initiate insolvency plea needs to establish a debt and a…

March 26, 2022 08:55 IST

This is the third extension of timeline by Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries, for completing its Rs 24,713 crore deal with the Future group.

Future group firms to convene shareholder, creditors meeting in April

The NCLT had given a go-ahead for convening meetings of shareholders and creditors of respective Future group companies for approval…

March 19, 2022 20:03 IST

Zee Entertainment moves NCLT seeking dismissal of IndusInd Bank petition

The petition was filed on Monday, it said, without providing further details.

February 23, 2022 01:36 IST

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Ikkis final trailer out; ‘Better than Border 2’, say netizens

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Dhurandhar storm has hit recent film releases, with Ranveer Singh-starrer drawing massive crowds to theatres. Ikkis, slated for Christmas release, has been shifted to New Year due to the competition. The film, based on the true story of India’s youngest Param Vir Chakra recipient, features Amitabh Bachchan’s grandson Agastya Nanda and is the last film of Dharmendra.

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