- Tag results for NCLT
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.
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.
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.
A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upstream Ltd.
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.
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.
A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.
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.
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.
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.
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.
The NCLT, a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies.
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.
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.
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.