Appellate Tribunal raps NCLT’s Bengaluru bench for failing to pronounce order

The Bengaluru bench of NCLT dismissed the petition and did not inform such dismissal by means of any pronouncement of order.

published on : 9th September 2021

Status report sought on NCLT vacancies

The Madras High Court on Tuesday asked the Centre to file a status report in three weeks on the steps taken to fill the vacant posts in the National Company Law Tribunal (NCLT), Chennai.

published on : 1st September 2021

NCLAT to hear Jet staff’s plea on October 8

They added that the core principle of the Insolvency and Bankruptcy Code is to protect the interests of all stakeholders but the resolution plan does not protect workers’ interest.

published on : 26th August 2021

Can’t ensure job for all existing staff, say new owners of Jet Airways

Even as there are over 3,500 employees associated with Jet airways even after its grounding, the Jalan-Kalrock consortium plans to have only a few hundred workers when Jet restarts its services.

published on : 31st July 2021

NCLT to hear plea on RCom spectrum today

RCom currently has spectrum in the 850 MHz band in 14 out of 22 circles in the country and holds a pan-India licence.

published on : 15th July 2021

Jaypee Infra insolvency: IRP Anuj Jain files Suraksha group's resolution plan with NCLT

A successful resolution of JIL will provide a big relief to over 20,000 homebuyers across various housing projects launched by the realty developer in Noida and Greater Noida.

published on : 8th July 2021

Valli Arunachalam accuses Murugappa family members of using delaying tactics in NCLT

The main allegation of Arunachalam, the eldest daughter of late MV Murugappan, is that there has been a history of gender discrimination in the Murugappa Group.

published on : 2nd July 2021

Jet cannot have historical right over airport slots: NCLT rejects new owners' appeal

The Jalan-Kalrock consortium, which won the bidding for Jet, had requested that the slots should be allotted to them on a historicity basis.

published on : 1st July 2021

Jet Airways shares gain five per cent, continue to fly high after Jalan Kalrock Consortium bid

Two years after Jet Airways went bankrupt, the NCLT gave its nod to the Jalan Kalrock Consortium's bid for the airline.

published on : 23rd June 2021

RBI bars DHFL from accepting deposits under Piramal Group

Unlike DHFL, which accepts public deposits, acquirer Piramal Capital & Housing Finance Limited (PCHFL) is a non-deposit taking company.

published on : 16th June 2021

Videocon insolvency: Creditors to take 96 per cent haircut on dues; NCLT says bidder 'paying almost nothing'

Videocon Industries and its 12 group companies had a total admitted claims of Rs 64,838.63 crore.

published on : 15th June 2021

DHFL depositors left high and dry after NCLT approves Piramal’s bid

As per the resolution plan approved by the NCLT, 74,500 fixed depositors are likely to get only 20-25% of their total claims of Rs 5,360 crore. 

published on : 7th June 2021

Ex-promoter uses IBC’s controversial settlement provision to get back control of Rolta India

The insolvency application was moved on 26 February by an ex-employee – Dinesh Gupta – who was not paid salaries for 6 months, leave encashment and gratuity totaling Rs 10.42 lakh.

published on : 7th June 2021

NCLT directs DHFL lenders to consider ex-promoter’s offer

This offer is better than Piramal Group, which has emerged as the highest bidder with Rs 35,500 crore for the whole loan portfolio of DHFL.

published on : 20th May 2021

One-time-settlement a legitimate way to avoid liquidation under bankruptcy law

This out-of-court deal may have triggered quite an interest in varied circles for assorted  reasons, but the creditors have played by the book in clearing the deal.

published on : 20th May 2021
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