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Tribunal Stays Subhash Chandra's Rs 6.25 Crore Plan: What Happens Now?
Subhash Chandra's plan involved paying Rs 6.25 crore against claims of Rs 22,006.57 crore. Another Rs 25 lakh was earmarked towards insolvency costs.
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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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"Indian Debt Resolution": Vijay Mallya On Subhash Chandra's 99.97% Debt Haircut
The decision has put the spotlight on one of the most striking personal insolvency cases involving media baron Subhash Chandra.
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Subhash Chandra's Rs 22,006-Crore Debt Cut To Just Rs 6.5 Crore. Here's Why
Subhash Chandra NCLT Order: For Subhash Chandra, the NCLT's approval brings a major step in his personal insolvency proceedings.
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NCLT Recalls Insolvency Order Against Logix Infra Over 'Fraudulent' Intentions
NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with "fraudulent and mala fide intentions" and a collusive petition was filed.
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NCLT Approves Merger of Viacom 18, Star India After CCI Nod
The National Company Law Tribunal (NCLT) on Friday approved a merger scheme that will allow Viacom 18 Media with Star India. The merger of Reliance Industries and The Walt Disney Co's media assets was approved earlier this week by the Competition Commission of India and will create the country's largest media empire.
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In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
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Budget 2024: Centre To Strengthen Insolvency Ecosystem, Add More Tribunals
The government will add more tribunals of the NCLT to improve recovery of stressed assets, Finance Minister Nirmala Sitharaman while presenting the Union Budget for 2024-25 on Tuesday.
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Byju's Faces Insolvency Proceedings For Failure To Pay BCCI Rs 158.9 Crore
Edtech company Byju's, which was once India's most valuable start-up worth an estimated USD 22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI.
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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 Approves Air India, Vistara Merger
The National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara, paving the way for the creation of one of the world's largest airline groups.
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Zee Withdraws Application To Merge Operations With Sony From Law Tribunal
ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench.
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Law Tribunal Rejects Petition To Halt Byju's Key Shareholders' Meet
The National Company Law Tribunal (NCLT) rejected investors' plea to halt Byju's extraordinary general meeting (EGM) scheduled for Friday.
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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 Insolvency Upheld By Tribunal, Setback For Lessors
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors' efforts to take back their planes from the struggling Wadia group firm.
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Tribunal Stays Subhash Chandra's Rs 6.25 Crore Plan: What Happens Now?
Subhash Chandra's plan involved paying Rs 6.25 crore against claims of Rs 22,006.57 crore. Another Rs 25 lakh was earmarked towards insolvency costs.
-
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.
-
"Indian Debt Resolution": Vijay Mallya On Subhash Chandra's 99.97% Debt Haircut
The decision has put the spotlight on one of the most striking personal insolvency cases involving media baron Subhash Chandra.
-
Subhash Chandra's Rs 22,006-Crore Debt Cut To Just Rs 6.5 Crore. Here's Why
Subhash Chandra NCLT Order: For Subhash Chandra, the NCLT's approval brings a major step in his personal insolvency proceedings.
-
NCLT Recalls Insolvency Order Against Logix Infra Over 'Fraudulent' Intentions
NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with "fraudulent and mala fide intentions" and a collusive petition was filed.
-
NCLT Approves Merger of Viacom 18, Star India After CCI Nod
The National Company Law Tribunal (NCLT) on Friday approved a merger scheme that will allow Viacom 18 Media with Star India. The merger of Reliance Industries and The Walt Disney Co's media assets was approved earlier this week by the Competition Commission of India and will create the country's largest media empire.
-
In Big Win For Byju's, Insolvency Proceedings Scrapped By Appeals Tribunal
Insolvency proceedings against Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up.
-
Budget 2024: Centre To Strengthen Insolvency Ecosystem, Add More Tribunals
The government will add more tribunals of the NCLT to improve recovery of stressed assets, Finance Minister Nirmala Sitharaman while presenting the Union Budget for 2024-25 on Tuesday.
-
Byju's Faces Insolvency Proceedings For Failure To Pay BCCI Rs 158.9 Crore
Edtech company Byju's, which was once India's most valuable start-up worth an estimated USD 22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI.
-
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 Approves Air India, Vistara Merger
The National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara, paving the way for the creation of one of the world's largest airline groups.
-
Zee Withdraws Application To Merge Operations With Sony From Law Tribunal
ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench.
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Law Tribunal Rejects Petition To Halt Byju's Key Shareholders' Meet
The National Company Law Tribunal (NCLT) rejected investors' plea to halt Byju's extraordinary general meeting (EGM) scheduled for Friday.
-
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 Insolvency Upheld By Tribunal, Setback For Lessors
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors' efforts to take back their planes from the struggling Wadia group firm.
