Companies Law
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Tribunal Hurdle To Subhash Chandra's Rs 22,000 Crore Debt Cut
The matter has been sent to the NCLT President again following the difference of opinion. The President may appoint a third member or issue an order himself to reach a majority view.
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Union Bank To Challenge Approval Of Subhash Chandra's Insolvency Plan
In the statement, Union Bank of India, along with other creditors, including Canara Bank and LIC Housing Finance, had voted against the resolution plan and opposed its approval before the NCLT.
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Company Law Tribunal Initiates Personal Insolvency Process Against Anil Ambani
A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar passed the order while admitting the SBI's application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC).
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Probe Agency Restores Properties Worth Rs 55.85 Crore In Era Infra Fraud Case
The Directorate of Enforcement (ED) has restored assets valued at Rs 55.85 crore to the Successful Resolution Applicant in the case of Era Infra Engineering Limited.
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Top Court Reverses Tribunal Order On Byju's- BCCI Rs 158 Crore Settlement
The Supreme Court on Wednesday set aside National Company Law Appellate Tribunal's verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju's.
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SpiceJet Gets Notice From Law Tribunal Over Insolvency Plea From Creditor
The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors.
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Law Tribunal Gives 4th Extension Of 60 Days To Go First To Complete Insolvency
The National Company Law Tribunal (NCLT) has granted an extension of 60 days to the grounded air carrier Go First for completing the insolvency process.
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Law Tribunal Suggests SpiceJet Settle Issues With Aircraft Lessors
Crisis-hit carrier SpiceJet can settle issues with lessors that have sought initiation of insolvency proceedings against it, the National Company Law Tribunal has suggested.
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Jet Airways' Winning Bidder Gets Extension To Repay Rs 350 Crore To Lenders
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.
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Zee-Sony Merger Approved by NCLT, Paving Way For Creation of $10 Billion Media Company
The NCLT on Thursday allowed the merger of Zee Entertainment Enterprises and Culver Max Entertainment and will now pave the way for the creation of a $10 billion media company, the biggest in the country.
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Go First Extends Flight Cancellations Till July 31
Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 31, the airline announced in a tweet on Sunday.
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Tribunal Notice To SpiceJet On Foreign Aircraft Lessor's Insolvency Request
The National Company Law Tribunal today issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier and the next hearing is scheduled for May 17.
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Justice Ashok Bhushan Appointed Company Law Tribunal Chairperson
The government has appointed Justice Ashok Bhushan, a former judge of the Supreme Court, as chairperson of the National Company Law Appellate Tribunal (NCLAT).
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Centre Concedes, Allows Prematurely Retired Company Law Tribunal Head To Continue Till September 20
The row over premature retirement of former NCLAT Chairperson Justice Ashok Iqbal Singh Cheema ended in the Supreme Court on Thursday as the Centre conceded, permitting him to continue in office till September 20 to pronounce verdicts.
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Centre Clears Appointments To Tribunals After Supreme Court's Ultimatum
Five days after Supreme Court expressed its displeasure over the way the Centre had enacted Tribunals Reforms Act, Centre cleared the appointment of judicial and technical members to National Company Law Tribunal and Income Tax Appellate Tribunals.
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Tribunal Hurdle To Subhash Chandra's Rs 22,000 Crore Debt Cut
The matter has been sent to the NCLT President again following the difference of opinion. The President may appoint a third member or issue an order himself to reach a majority view.
-
Union Bank To Challenge Approval Of Subhash Chandra's Insolvency Plan
In the statement, Union Bank of India, along with other creditors, including Canara Bank and LIC Housing Finance, had voted against the resolution plan and opposed its approval before the NCLT.
-
Company Law Tribunal Initiates Personal Insolvency Process Against Anil Ambani
A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar passed the order while admitting the SBI's application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC).
-
Probe Agency Restores Properties Worth Rs 55.85 Crore In Era Infra Fraud Case
The Directorate of Enforcement (ED) has restored assets valued at Rs 55.85 crore to the Successful Resolution Applicant in the case of Era Infra Engineering Limited.
-
Top Court Reverses Tribunal Order On Byju's- BCCI Rs 158 Crore Settlement
The Supreme Court on Wednesday set aside National Company Law Appellate Tribunal's verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju's.
-
SpiceJet Gets Notice From Law Tribunal Over Insolvency Plea From Creditor
The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors.
-
Law Tribunal Gives 4th Extension Of 60 Days To Go First To Complete Insolvency
The National Company Law Tribunal (NCLT) has granted an extension of 60 days to the grounded air carrier Go First for completing the insolvency process.
-
Law Tribunal Suggests SpiceJet Settle Issues With Aircraft Lessors
Crisis-hit carrier SpiceJet can settle issues with lessors that have sought initiation of insolvency proceedings against it, the National Company Law Tribunal has suggested.
-
Jet Airways' Winning Bidder Gets Extension To Repay Rs 350 Crore To Lenders
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.
-
Zee-Sony Merger Approved by NCLT, Paving Way For Creation of $10 Billion Media Company
The NCLT on Thursday allowed the merger of Zee Entertainment Enterprises and Culver Max Entertainment and will now pave the way for the creation of a $10 billion media company, the biggest in the country.
-
Go First Extends Flight Cancellations Till July 31
Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 31, the airline announced in a tweet on Sunday.
-
Tribunal Notice To SpiceJet On Foreign Aircraft Lessor's Insolvency Request
The National Company Law Tribunal today issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier and the next hearing is scheduled for May 17.
-
Justice Ashok Bhushan Appointed Company Law Tribunal Chairperson
The government has appointed Justice Ashok Bhushan, a former judge of the Supreme Court, as chairperson of the National Company Law Appellate Tribunal (NCLAT).
-
Centre Concedes, Allows Prematurely Retired Company Law Tribunal Head To Continue Till September 20
The row over premature retirement of former NCLAT Chairperson Justice Ashok Iqbal Singh Cheema ended in the Supreme Court on Thursday as the Centre conceded, permitting him to continue in office till September 20 to pronounce verdicts.
-
Centre Clears Appointments To Tribunals After Supreme Court's Ultimatum
Five days after Supreme Court expressed its displeasure over the way the Centre had enacted Tribunals Reforms Act, Centre cleared the appointment of judicial and technical members to National Company Law Tribunal and Income Tax Appellate Tribunals.
