Finally, Jet Airways lands in NCLT as banks give up revival bid

An official response from SBI spokesperson is awaited on the decision to start bankruptcy proceedings against the airline.

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

Nizam Sugar factory employees cry foul after NCLT orders liquidation

The sugar factory employees staged a protest at the factory in Bodhan demanding that the Telangana State government should take steps to have the NCLT judgment scrapped.

published on : 14th June 2019

NCLT approves Bharti Infratel and Indus Towers merger

The proposed merger, which will create a mega tower company in India, will also require approval from the Telecom Department.

published on : 2nd June 2019

GAIL seeks NCLT approval to admit claim against Videocon Industries

The state-owned gas utility, which is an operational creditor of Videocon, said that it should be included in the list of creditors.

published on : 29th May 2019

Public sector banks recover Rs 1.2 lakh crore from bad loans in 2018-19

During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans.

published on : 24th May 2019

IL&FS: Serious Fraud Investigation office to file charge sheet in June

First charge sheet likely to be against 6 senior officials, including Ramesh C Bawa, Hari Sankaran and Arun K Saha

published on : 22nd May 2019

Former director of Hathway arrested for cheating, harassment of wife for dowry

A 42-year-old woman, whom he married in 2016, approached police, alleging cheating and dowry harassment. The victim runs private hostels in the city.

published on : 17th May 2019

NCLT admits Andhra Bank’s IBC petition against Lanco Thermal

In the present case, the IBC proceedings were initiated independently as per the RBI circular.

published on : 10th May 2019

NCLT begins bankruptcy process for Anil Ambani's RCom

Lenders moved NCLT to appoint a new resolution professional and form a committee of creditors as the first step to begin the bankruptcy process.

published on : 7th May 2019

Reliance Communications withdraws plea against NCLT order

This is because there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter restarted.

published on : 1st May 2019

RCom withdraws petition against NCLT order, all set to restart insolvency proceedings

Ericsson opposed the move as there is a possibility that Ericsson India may have to refund the entire amount it got from RCom if insolvency proceedings against the latter were allowed to restart.

published on : 30th April 2019

ITC moves NCLT against Hotel Leela alleging 'oppression and mismanagement'

On March 18, Hotel Leelaventure had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, and a property to Canadian investment fund Brookfield for Rs 3,950 crore.

published on : 24th April 2019

NCLAT allows promoters under liquidation settle with creditors

The order may effect resolution of stressed assets, especially those where promoters are seeking settlement post-initiation of bankruptcy proceedings in NCLT.

published on : 16th April 2019

SC ruling does not disturb creditors' rights to insolvency proceedings, says IBBI chief M S Sahoo

Sahoo said the court's judgement does not disturb rights of creditors to initiate insolvency proceeding or any provision in the Insolvency and Bankruptcy Code (IBC).

published on : 7th April 2019
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