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Byju's Clears March Salary Of Employees After CEO Takes Personal Debt: Report
Ahead of the National Company Law Tribunal (NCLT) hearing on Tuesday, Edtech company Byju's has paid partial salaries to employees for March. Sources told ANI that Byju's founder and CEO Raveendran has raised debt in personal capacity to pay part of
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Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
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Vijay Mallya Hasn't Deposited Money With Tribunal, Supreme Court Is Told
The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.
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Delhi: Parents Request CM Arvind Kejriwal To Bail Out Set To Be Auctioned Raisina Bengali School
The school had taken a loan of Rs 2 crore from the United Bank of India and after failing to repay the money, the principal and interest now stand at Rs 8 crore. The Debt Recovery Tribunal has ordered that the school will go under the hammer on January 14
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High Courts Told To Take Up Debt Recovery Cases In View Of Vacancies
The Supreme Court on Thursday asked high courts to entertain applications that are filed before the Debts Recovery Tribunal (DRT) and the Debts Recovery Appellate Tribunal (DRAT) in view of non-filling of vacancies.
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United Breweries Shares Worth Over Rs 5,800 Crore Sold In Vijay Mallya Case
The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma
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Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
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Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
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"How Far Will It Go": Vijay Mallya After Debt Tribunal Attaches Assets
Vijay Mallya, wanted in India for alleged fraud and money laundering charges, on Friday claimed that his properties worth over Rs 13,000 crore have been attached in India, which was more than the 'claimed' Rs 9,000 crore that he "ran away with".
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Nirav Modi, His Family Served Notices To Recover Rs 7,000 Crore
The Debt Recovery Tribunal (DRT) today sent notice to fugitive jeweller Nirav Modi, his family members and his companies to recover over Rs 7,000 crore in dues.
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What Is The IL&FS Crisis And How It Is Linked To Your Money: 10 Points
Infrastructure Leasing & Financial Services or IL&FS is in deep trouble. After the corporate affairs ministry moved the Mumbai bench of the National Company Law Tribunal, the NCLT has named six people to take over the board and management of the major infrastructure lender to defuse the crisis. The IL&FS group has a debt burden of over Rs 90,000 cr...
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Vijay Mallya's 2 Personal Helicopters Auctioned For Over Rs 8 Crore
A Delhi-based company, Choudhary Aviation, had bought two helicopters of fugitive business tycoon Vijay Mallya in an e-auction conducted by the Debt Recovery Tribunal (DRT-II) in Bengaluru, a company official said on Wednesday.
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Sell Amrapali Group's Commercial Properties, Top Court Directs Tribunal
The Supreme Court on Wednesday appointed state-run company NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm.
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"Is Finance Minister Sleeping?" Court Raps Centre Over Tribunal In Mumbai
The Bombay High Court expressed anger over the non-functioning of the Debts Recovery Tribunal (DRT), the Mumbai premises of which were closed following a fire over a month ago, and sought to know "if the finance minister of the country was sleeping" over the shutdown of a key body.
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Reliance Communications Appeals Against Order Banning Asset Sales
An arbitration tribunal had barred the indebted firm from selling assets without its permission earlier.
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Byju's Clears March Salary Of Employees After CEO Takes Personal Debt: Report
Ahead of the National Company Law Tribunal (NCLT) hearing on Tuesday, Edtech company Byju's has paid partial salaries to employees for March. Sources told ANI that Byju's founder and CEO Raveendran has raised debt in personal capacity to pay part of
-
Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
-
Vijay Mallya Hasn't Deposited Money With Tribunal, Supreme Court Is Told
The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.
-
Delhi: Parents Request CM Arvind Kejriwal To Bail Out Set To Be Auctioned Raisina Bengali School
The school had taken a loan of Rs 2 crore from the United Bank of India and after failing to repay the money, the principal and interest now stand at Rs 8 crore. The Debt Recovery Tribunal has ordered that the school will go under the hammer on January 14
-
High Courts Told To Take Up Debt Recovery Cases In View Of Vacancies
The Supreme Court on Thursday asked high courts to entertain applications that are filed before the Debts Recovery Tribunal (DRT) and the Debts Recovery Appellate Tribunal (DRAT) in view of non-filling of vacancies.
-
United Breweries Shares Worth Over Rs 5,800 Crore Sold In Vijay Mallya Case
The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma
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Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
-
Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
-
"How Far Will It Go": Vijay Mallya After Debt Tribunal Attaches Assets
Vijay Mallya, wanted in India for alleged fraud and money laundering charges, on Friday claimed that his properties worth over Rs 13,000 crore have been attached in India, which was more than the 'claimed' Rs 9,000 crore that he "ran away with".
-
Nirav Modi, His Family Served Notices To Recover Rs 7,000 Crore
The Debt Recovery Tribunal (DRT) today sent notice to fugitive jeweller Nirav Modi, his family members and his companies to recover over Rs 7,000 crore in dues.
-
What Is The IL&FS Crisis And How It Is Linked To Your Money: 10 Points
Infrastructure Leasing & Financial Services or IL&FS is in deep trouble. After the corporate affairs ministry moved the Mumbai bench of the National Company Law Tribunal, the NCLT has named six people to take over the board and management of the major infrastructure lender to defuse the crisis. The IL&FS group has a debt burden of over Rs 90,000 cr...
-
Vijay Mallya's 2 Personal Helicopters Auctioned For Over Rs 8 Crore
A Delhi-based company, Choudhary Aviation, had bought two helicopters of fugitive business tycoon Vijay Mallya in an e-auction conducted by the Debt Recovery Tribunal (DRT-II) in Bengaluru, a company official said on Wednesday.
-
Sell Amrapali Group's Commercial Properties, Top Court Directs Tribunal
The Supreme Court on Wednesday appointed state-run company NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm.
-
"Is Finance Minister Sleeping?" Court Raps Centre Over Tribunal In Mumbai
The Bombay High Court expressed anger over the non-functioning of the Debts Recovery Tribunal (DRT), the Mumbai premises of which were closed following a fire over a month ago, and sought to know "if the finance minister of the country was sleeping" over the shutdown of a key body.
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Reliance Communications Appeals Against Order Banning Asset Sales
An arbitration tribunal had barred the indebted firm from selling assets without its permission earlier.
