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  1. NCLT orders bankruptcy proceedings against Subhash Chandra

    NCLT orders bankruptcy proceedings against Subhash Chandra

    New Delhi: The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea by Indiabull Housing Finance.A two-member Delhi bench of NCLT directed to initiate corporate insolvency resolution process (CIRP) against Chandra, Chairman...
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    • chandra court creditors guarantor housing infracon initiate insolvency nclt proceedings provisions rejected resolution tribunal vivek
    • Category: Business & Economy
  2. NCLAT sustains insolvency proceedings against Tulip Hotels for defaulting on guarantees

    NCLAT sustains insolvency proceedings against Tulip Hotels for defaulting on guarantees

    New Delhi: The National Company Law Appellate Tribunal (NCLAT) has upheld the insolvency proceedings against Tulip Hotels, which had defaulted on corporate guarantees of Rs 450 crore given to Cox & Kings and EasyGo One Travel & Tours.On May 16, 2023, the Mumbai bench of the National Company...
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    • appellate bank corporate crore debtor default financial given guarantee guarantor hotels insolvency order tribunal tulip
    • Category: Business & Economy
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