• Tag results for NCLT

SBI can now start insolvency proceedings against construction firm

Prior to issuance of above orders in the petition filed by SBI, the bench allowed the petition filed by BS Limited seeking insolvency resolution process of Vedika steels private limited.

published on : 11th November 2018

EDL: NCLT names resolution professional

With the appointment of the IRP—V Venkata Siva Kumar—the company has entered the long list of firms going through the time-bound resolution process under the Insolvency and Bankruptcy Code.

published on : 9th November 2018

IL&FS Financial Services' exposure to group companies breaches RBI norms in FY16-18: Board

The finding comes amidst the ongoing tussle between the government and RBI which has refused the former's demand to open a special liquidity window for NBFCs which are hit by liquidity crunch.

published on : 2nd November 2018

IFC moves insolvency plea against Punj Lloyd at National Company Law Tribunal​

A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upstream Ltd.

published on : 4th October 2018

State Bank of India to review sectors of exposure

Amid mounting bad loans plaguing the banking system, the State Bank of India (SBI) has set up an intermediary mechanism to review sectors of exposure.

published on : 29th September 2018

NCLT allows former fortis promoter Shivinder Singh to withdraw plea against elder brother Malvinder Singh

A two-member bench of NCLT headed by its Chairman Justice M M Kumar Friday allowed Shivinder to withdraw his plea.

published on : 14th September 2018

SC asks NCLT to deal with insolvency proceedings against Jaypee group in 180 days

A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.

published on : 9th August 2018

'File all NCLT petitions on shell firms by August: CBDT to IT dept'

In several cases of such companies, petitions for restoration of registration are required to be filed before the NCLT so as to be able to pursue recovery of demands raised in their cases.

published on : 29th July 2018

National Company Law Appellate Tribunal gives stay order till July 16 to Gujarat NRE Coke Ltd

Gujarat NRE Coke had failed to get any suitor for resolution under the Insolvency and Bankruptcy Code (IBC) as an ongoing concern as no plan was accepted by its secured creditors.

published on : 15th July 2018

Tata Sons-Cyrus Mistry feud: NCLT says chairman doesn't enjoy a free hand; board not at his beck and call

After a four-month long hearing, a special bench of the NCLT, Mumbai had on July 9 dismissed all the petitions filed by Mistry and his family-run firms alleging oppression of minority shareholders.

published on : 12th July 2018

Shares of Tata group companies rise after NCLT ruling

The shares of Tata groups of companies ended in a positive note after National Company Law Tribunal dismissed Cyrus Mistry's pleas against Tata Sons.

published on : 9th July 2018

National Company Law Tribunal dismisses petition of former Tata Sons chairman Cyrus Mistry

The NCLT, a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies.

published on : 9th July 2018

Tata Sons-Cyrus Mistry spat: NCLT defers verdict again

Last week, just ahead of the NCLT verdict, Mistry fired a fresh salvo at Tata Sons, questioning the rationale behind decisions like the sale of its telecom arm to Airtel.

published on : 5th July 2018

Pharma startup exempted from paying Rs 28 lakh

The National Company Law Tribunal has ruled that the Netmeds Marketplace is exempt from paying Rs 28.09 lakh to mobile advertising company AdiQuity Technologies for the downloads.

published on : 18th June 2018

Vedanta acquires management control of Electrosteel Steel

The company has acquired management control and as per the provision of the resolution plan and new board of directors has been put in the place.

published on : 5th June 2018
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