NCLT

NCLT directs Zee to convene shareholders meeting on its merger with Sony 

The NCLT had directed to convene the shareholders' meeting virtually through video conferencing or other audio-visual means for approving the proposed scheme.

published on : 7th September 2022

RIP Cyrus Mistry: How SP Group scion's fairy-tale innings with Tatas ended

Tata Sons further said that it was unfortunate that only on his removal as chairman that he began making allegations and misrepresentations about business decisions he was party to for over a decade.

published on : 5th September 2022

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea 

A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been served by the advocate on behalf of Bank of India.

published on : 30th August 2022

NCLT orders insolvency proceeding against Future Retail; rejects Amazon's objection 

On May 12, Amazon filed an intervention application under Section 65 of the Insolvency and Bankruptcy Code that deals with provisions relating to penalty for malicious initiation of proceedings.

published on : 20th July 2022

NCLT nod on resolution plan must within 30 days, says insolvency panel

The panel has suggested the National Company Law Tribunal (NCLT) should not take over 30 days after receiving a request for approval or rejection of a resolution plan.

published on : 16th June 2022

Jet Airways gets operator rights, to fly by September

The revalidation of AOC enables Jet Airways, which went bankrupt and stopped flying nearly three years ago, to resume its scheduled commercial operations in India.

published on : 21st May 2022

Modi government puts Pawan Hans sale on hold over NCLT order against winning consortium member

The National Company Law Tribunal (NCLT) had last month passed an order reportedly after Almas Global failed to make payments to creditors of a Kolkata-based company.

published on : 16th May 2022

NCLT to hear insolvency petition against Future Retail on June 6 

The NCLT Mumbai on Thursday adjourned the hearing on Bank of India’s plea to admit its insolvency petition against Future Retail (FRL) to June 6. 

published on : 13th May 2022

Lenders reject Future Group-RIL deal

It leaves bankruptcy as a strong possibility for the retailer; at least 75% vote was required for the deal to pass.

published on : 23rd April 2022

Vendors can use GST returns as proof of default: Insolvency regulator

In a bid to reduce the delays in the resolution process, the Insolvency Bankruptcy Board of India (IBBI) has proposed some changes in the insolvency and bankruptcy regulations.

published on : 16th April 2022

National Company Law Tribunal declares Supertech insolvent but all is not lost for home buyers

The decision, according to industry estimates, may impact 25,000 home buyers awaiting possession of their housing units booked with the developer for several years.

published on : 26th March 2022

NCLAT stays liquidation of Ballarpur Industries, asks panel to reconsider fresh resolution plan

Finquest Financial, which had appealed against the liquidation order, argued before the NCLAT that while the order of liquidation was made on 25 January 2022.

published on : 9th March 2022

Future Group to seek shareholder approval for Reliance Industries deal on April 20

Future group has convened a meeting of its shareholders and creditors next month to approve the sale of Future Retail’s assets to RIL, after getting directions from the NCLT for the same.

published on : 9th March 2022

PNB fraud: NCLT bars 64 firms including Nirav Modi's companies from selling assets

The NCLT has restrained over 60 companies, including those belonging to Rs 12,600-crore PNB fraud accused Nirav Modi and his uncle Mehul Choksi, from selling their assets.

published on : 5th March 2018

Unitech jumps 20 percent as National Company Law Tribunal allows government to appoint 10 nominees

Shares of Unitech surged as much as 20 percent in morning trade today after the NCLT authorised the government to appoint its 10 nominees on the board of the realty firm.

published on : 11th December 2017

NCLT allows government to appoint 10 directors on Unitech board

Bankruptcy court NCLT suspends eight directors of Unitech, allowing the government to appoint ten directors on the board.

published on : 9th December 2017

Bakshi case: NCLT issues show-cause notice to McDonald's Corporation

The National Company Law Tribunal issued a show-cause notice to Mcdonald's Corporation over contempt petition by its estranged partner.

published on : 5th September 2017