nclt

New Delhi, The National Company Law Tribunal (NCLT) has ordered initiation of insolvency resolution proceedings against Simbhaoli Sugars Limited on a petition filed almost six years ago.The petition was filed in September 2018 by erstwhile Oriental Bank of Commerce, which has now merged with...

New Delhi: The National Company Law Tribunal (NCLT) on Thursday directed grounded carrier Go First to release four aircraft engines to Engine Lease Finance (ELF) BV.Counsel appearing for the resolution professional (RP) said that they have already initiated the process of returning one engine...

New Delhi: The Yamuna Expressway Industrial Development Authority (YEIDA) has withdrawn its appeal before the insolvency appellate tribunal NCLAT against an NCLT order approving Ace Infracity's bid for Three C Homes.The development comes after YEIDA accepted Ace Infracity Developers' proposal...

New Delhi, Multiplier Brand Solutions has moved the NCLAT against the National Company Law Tribunal order which had dismissed its bankruptcy petition against Amazon Wholesale (India).A three-member NCLAT bench, also including Chairman Justice Ashok Bhushan, on Thursday directed to list the...

New Delhi: Former Dewan Housing Finance (DHFL) promoter Kapil Wadhawan has moved the appellate tribunal NCLAT to challenge the NCLT order initiating personal insolvency proceedings against him.Wadhawan has challenged the earlier order passed by the Mumbai bench of the National Company Law...

New Delhi: Fertilizer cooperative IFFCO has withdrawn its petition filed in NCLT, which had restrained Triumph Offshore from issuing any shares or securities to the lenders to repay the loan.The move comes after IFFCO (Indian Farmers Fertilizer Cooperative) exited Triumph Offshore by selling...

The second rights issue began on 13 May and was expected to close on 13 June.The edtech company has been barred by NCLT from using any funds from the second rights issue.According to sources, the company's new petition is likely to be heard in the Karnataka High Court on Monday.Byju's is...

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has directed NCLT to hear afresh the insolvency petition filed by APL Apollo Tubes against one of its goods buyers.A two-member bench came down heavily on the Bengaluru bench of the National Company Law Tribunal (NCLT) for...

New Delhi: The National Company Law Tribunal (NCLT) has ordered initiation of insolvency proceedings against Supertech Realtors, which is developing a residential apartments, offices, retail and luxury hotel in its Supernova project.The two-member Delhi bench of NCLT accepted the bankruptcy...

New Delhi: The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet on the insolvency petition filed by the debt-ridden air carrier's aircraft engine lessor Engine Lease Finance BV.A single-member NCLT bench has asked SpiceJet to file a reply on the Engine Lease Finance (ELF)...

New Delhi: The National Company Law Tribunal (NCLT) has granted a 60-day extension to grounded air carrier Go First to complete the insolvency process.This is the fourth extension of Go First, which is struggling to find a buyer, to complete the corporate insolvency resolution process (CIRP)...

New Delhi, Suraksha Group has infused equity fund of Rs 125 crore in Jaypee Infratech Ltd as part of its resolution plan to repay bank dues and complete around 20,000 incomplete flats in Delhi NCR, which it acquired through the insolvency process. Is.Earlier this month, the Mumbai-based...

New Delhi: Bankruptcy appellate tribunal NCLAT has asked ICICI Bank to consider a one-time settlement offer from bankrupt Jaiprakash Associates Ltd (JAL) to repay its outstanding loans.JAL has challenged the order of the National Company Law Tribunal (NCLT), Allahabad, to initiate insolvency...

New Delhi: The suspended board of debt-laden Jaiprakash Associates has moved the appellate tribunal NCLAT, challenging last week's NCLT order directing it to initiate insolvency proceedings against the company.The petition was listed before a vacation bench of the National Company Law...

New Delhi: The National Company Law Tribunal (NCLT), while accepting Jammu and Kashmir Bank's plea for default in corporate guarantee given to LEL Electricals, has directed initiation of insolvency proceedings against Himalayan Mineral Waters.The Allahabad bench of NCLT has also appointed...

New Delhi: The National Company Law Tribunal (NCLT) on Thursday approved the merger of Air India and Vistara, paving the way for the creation of one of the world's largest airline groups.After the merger, which was announced in November 2022, Singapore Airlines will hold 25.1 per cent stake in...

New Delhi: NCLT, which on Monday ordered initiation of insolvency proceedings against Jaiprakash Associates Ltd (JAL), rejected the company's contention that it faced liquidity crunch mainly due to delay in government approvals. And there was default in repayment of loan due to protracted...

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has set aside the NCLT order and directed it to consider Eagle Fashion's new bid for debt-ridden Sumeet Industries.On April 5, 2024, the Ahmedabad bench of NCLT had rejected the application filed by RP of Sumeet Industries seeking...

New Delhi: The National Company Law Tribunal (NCLT) has directed replacement of the resolution professional in the insolvency proceedings against Zee founder Subhash Chandra.The bankruptcy tribunal passed this order on Monday on the petition of Subhash Chandra.Delhi-based NCLT bench has now...

New Delhi, Insolvency appellate tribunal NCLAT on Friday upheld Suraksha Realty's bid to acquire debt-ridden Jaypee Infratech, but asked it to pay an additional Rs 1,334 crore as compensation to farmers - various from the development. More than 20,000 home buyers facing genuine problems are...