NCLAT may reconsider its 5-member bench ruling on debt acknowledgment for insolvency plea

As per Section 18, a fresh period of limitation shall be computed from the time when the acknowledgment was signed before the expiration of the prescribed period.

published on : 28th September 2020

Auditor Grant Thornton flags fraudulent transactions worth Rs 12,705 crore at DHFL

The administrator of DHFL, appointed under the IBC, obtained assistance from Grant Thornton to conduct an investigation into the affairs of the mortgage firm.

published on : 28th September 2020

Aircel spectrum sale to be decided by NCLAT: Supreme Court

The original Supreme Court order had ruled that the question of saleability of spectrum rights would be examined by the NCLT.

published on : 26th September 2020

NCLAT dismisses plea to initiate insolvency proceedings against Tata Chemicals

Tata Chemicals was also to acquire an existing silica plant at Cuddalore, Tamil Nadu from Allied Silica.

published on : 12th August 2020

NCLT to decide on Reliance Communications' assets

Among the two buyers is Anil’s brother Mukesh Ambani’s telecom and digital business powerhouse Reliance Jio, which is planning to take over RCom’s mobile tower assets.

published on : 4th August 2020

NCLT exercises inherent powers to accommodate economic distress of a company amidst COVID-19

The highlights one-of-a-kind judgment by the Bangalore Bench of NCLT and its possible impact on stressed companies have been provided below.

published on : 13th July 2020

NCLT places Delhi Gymkhana Club under government scrutiny, cites 'irregularity in functioning'

According to the NCLT, a five-member committee will enquire into the issues related to the utility of the land leased out by the government to the club.

published on : 27th June 2020

Delhi High Court seeks government, NCLT acting president's reply on transfer orders   

The court listed the matter for further hearing on June 12. The plea filed by Rajasekhar VK, member (judicial) has sought to set aside the order transferring him from NCLT Mumbai to Kolkata bench.

published on : 2nd June 2020

Reliance Industries takes over some debt liabilities of Jio

The company neither disclosed the name of the creditors nor the quantum of liabilities.

published on : 19th March 2020

Government issues notification for NCLAT bench in Chennai

The government informed to appoint Justice Anant Bijay Singh as judicial member and Shreesha Merla and Alok Srivastava as technical members of the appellate tribunal.

published on : 15th March 2020

Reliance Communications​ resolution plan filed with NCLT

This is the highest-ever recovery of dues by financial creditors in the telecom sector which has seen the exit or shut down of 11 out of 12 telcos since 2012.

published on : 7th March 2020

NCLT orders liquidation of Nirav Modi's scam-hit firm 'Firestar Diamond International'

This is said to be the first-ever liquidation order for any company embroiled in the fraud schemed by the Modi-Choksi duo before they fled the country.

published on : 4th March 2020

NCLT approves NBCC bid to acquire Jaypee Infratech via insolvency

The tribunal also modified the resolution plan and said Rs 750 crore deposited by Jaiprakash Associates would be part of the plan.

published on : 3rd March 2020

NCLT orders inclusion of Videocon's overseas assets in bankruptcy process

The two-member bench allowed a moratorium on the foreign petroleum assets of the group which will restrain its lenders from selling the conglomerate's overseas assets.

published on : 14th February 2020

NCLT warns Jet Airways CoC of contempt proceedings

The tribunal directed the CoC members, who have not honoured the order of the court, to remain present on February 19 - the next date of hearing.

published on : 8th January 2020
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