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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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Reliance and Disney Complete Merger to Create a Rs. 70,352 Crore Joint Venture
Reliance Industries Limited announced the completion of a merger with the India business of global media house Walt Disney on Thursday. With this, Viacom 18 Media Private Limited, Reliance Industries Limited, and The Walt Disney Company announced the formation of a joint venture. The joint venture was formed after the approval by the National Compa...
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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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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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Dispute Tribunal Orders Insolvency Proceedings Against Coffee Day Enterprises
Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses.
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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 Appeals Insolvency Order, Seeks Urgent Hearing: Report
Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said.
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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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Law Tribunal Orders Insolvency Proceedings Against Media Baron Subhash Chandra
The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance.
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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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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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Go First Gets Another 60 Days To Complete Insolvency Process
Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.
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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.
-
Reliance and Disney Complete Merger to Create a Rs. 70,352 Crore Joint Venture
Reliance Industries Limited announced the completion of a merger with the India business of global media house Walt Disney on Thursday. With this, Viacom 18 Media Private Limited, Reliance Industries Limited, and The Walt Disney Company announced the formation of a joint venture. The joint venture was formed after the approval by the National Compa...
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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.
-
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.
-
Dispute Tribunal Orders Insolvency Proceedings Against Coffee Day Enterprises
Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses.
-
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 Appeals Insolvency Order, Seeks Urgent Hearing: Report
Crisis-ridden Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said.
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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.
-
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.
-
Law Tribunal Orders Insolvency Proceedings Against Media Baron Subhash Chandra
The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance.
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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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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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Go First Gets Another 60 Days To Complete Insolvency Process
Insolvency tribunal NCLT on Monday once again extended the deadline to complete the resolution process of grounded airline Go First by another 60 days.
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