NCLAT dismisses customs department plea to auction goods of a firm under moratorium period

The tribunal cited that the assets of the 'corporate debtor' cannot be alienated during a moratorium period.

published on : 23rd June 2019

Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank to NCLAT

In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in its petition filed before the NCLT Allahabad in last nine months.

published on : 17th June 2019

Jaypee Infra creditors to meet on June 20 to decide future course

A majority of lenders voted against NBCC's bid on June 10 but most home buyers wanted the state-owned company to takeover the debt-laden realty firm.

published on : 15th June 2019

NCLAT rejects early resolution of Bhushan Power & Steel

Meanwhile, one member  of the board of directors (BoD) of the company moved the Punjab and Haryana High Court alleging that the copy of the resolution plan was not served to him.

published on : 13th June 2019

Banks can vote against NBCC's Jaypee Infra bid: NCLAT

The Delhi-based appellate also directed for the completion of the ongoing voting process, which ends later in the day.

published on : 10th June 2019

IDBI Bank seeks NCLAT nod to examine fresh options

The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.

published on : 4th June 2019

Jaypee Infra insolvency: Creditors decide to vote on NBCC bid from Friday

While voting will continue till June 10, the state-owned firm still hasn't diluted certain conditions in its offer including relief from future tax liabilities.

published on : 30th May 2019

Jaypee Infra insolvency: Lenders put five conditions to NBCC for considering bid

As per NCLAT directives, lenders are negotiating with the NBCC on the latter's bid to acquire Jaypee Infratech and complete stuck housing projects comprising over 20,000 units.

published on : 29th May 2019

Legal battle shaping up between vendors, Flipkart

The Indian online retail market is all set to witness a legal battle between domestic online vendors and e-commerce giant Flipkart, which was taken over by US-based retail major Walmart last summer.

published on : 25th May 2019

Sale of 10 IL&FS entities underway as board to adopt asset level resolution for group companies

State-run GAIL has emerged as the highest bidder with offer of Rs 4,800 crore for IL&FS Wind Energy Ltd (IWEL), which has seven operating wind power plants.

published on : 22nd May 2019

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

During the proceedings, senior advocate Kapil Sibal appearing for Standard Chartered Bank, a secured creditor of Essar Steel, questioned the addition of working capital in the final resolution amount.

published on : 21st May 2019

NCLAT to hear online vendors' plea against CCI order on Flipkart

NCLAT has also approved the delay of 12 days in filing appeal (By the association) against the order of the Competition Commission of India (CCI).

published on : 21st May 2019

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

Homebuyers and lenders of Jaypee Infratech on Thursday started voting on NBCC's bid to acquire Jaypee group's realty firm and complete the construction of over 20,000 flats.

published on : 17th May 2019

Essar Steel shareholder seeks rejection of ArcelorMittal's Rs 42,000 crore bid

The plea Essar Steel Asia comes weeks after an insolvency court cleared ArcelorMittal's bid for Essar Steel, which was auctioned by lenders to recover unpaid loans.

published on : 7th May 2019

NCLAT allows banks to classify NPAs

The National Company Law Appellate Tribunal (NCLAT) on Thursday modified its order in the IL&FS case, allowing banks to classify non-performing assets as per the Reserve Bank guidelines.

published on : 3rd May 2019
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