nclt YSRCP Chief Jagan Reddy moves NCLT on his mother and sister for illegal’ transfer of Sarawati Power shares By www.thehindubusinessline.com Published On :: Wed, 23 Oct 2024 19:54:56 +0530 Reddy and his sister Sharmila have been estranged as the latter opposed him openly in the general elections held early this year by setting up her own party which was later merged with the Congress in Andhra Pradesh Full Article National
nclt BCCI tells NCLT that it will move application for withdrawal of insolvency plea against Byju’s By www.thehindu.com Published On :: Tue, 12 Nov 2024 17:45:03 +0530 Last month, Supreme Court had set aside a judgement of the National Company Law Appellate Tribunal (NCLAT) allowing a ₹158 crore settlement between ed-tech firm Byju’s with the BCCI. Full Article Industry
nclt SBI faces NCLT flak over Monnet Ispat insolvency petition By www.financialexpress.com Published On :: 2017-07-18T03:58:00+05:30 The bench said SBI’s petition had not been drafted properly and suggested a “lack of seriousness” on the part of the petitioner. Full Article Economy
nclt Chennai NCLT slaps insolvency notice on Eason By www.financialexpress.com Published On :: 2020-05-10T03:01:00+05:30 The Chennai bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency resolution process (CIRP) against power management products, systems and services company Eason Reyrolle. Full Article Industry
nclt NCLT approves resolution plan for stressed companies of Uttam Galva By economictimes.indiatimes.com Published On :: 2020-05-08T00:02:32+05:30 Bids were submitted by CarVal Investors and Nithiya Capital Resources Advisors. The resolution plans involve settlement to financial creditors of Uttam Value Steels with a total upfront and contingent payment of Rs 1,078 crore and Rs 1,576 crore for Uttam Metallics. Full Article
nclt Jurisdiction of NCLT under IBC on issues relating to Public Law Domain By feedproxy.google.com Published On :: Sat, 11 Apr 2020 15:32:26 GMT Since the coming into force of Insolvency and Bankruptcy Code, 2016 (IBC) and operationalisation of National Company Law Tribunal(s) in India, various new legal issues have cropped up over the last 3 years before the NCLTs and NCLAT, which finally reached before the Hon'ble Supreme Court and still c Full Article
nclt NCLT orders insolvency procedure for Eason Reyrolle on SBI, Canara plea By www.business-standard.com Published On :: Sat, 09 May 2020 19:17:00 +0530 The banks together claimed over Rs 230 crore from the company, along with interest and other charges Full Article
nclt Lockdown stalled NCLT clearance for Rangit Stage IV Hydroproject in Sikkim By economictimes.indiatimes.com Published On :: 2020-05-04T15:48:56+05:30 After emerging out as the highest bidder under a resolution plan for insolvency bound Hydropower Company Jal Power Corporation's 'Rangit stage IV' HE Project, with its bid of Rs 165 crores. Full Article
nclt NCLT approves Ebix’s revival plan for Trimax IT Infrastructure By economictimes.indiatimes.com Published On :: 2020-05-06T21:38:07+05:30 Ebix Software India (ESIPL) will pay upfront Rs 75 crore to acquire the company. The company owed over Rs 1,918 crore to its lenders, including about Rs 1,700 crore to financial creditors. Full Article
nclt NCLT cancels this year's summer vacation for all benches across the country By www.business-standard.com Published On :: Thu, 07 May 2020 23:03:00 +0530 The Delhi-based principal bench was scheduled to go on summer vacation in the month of June. Full Article
nclt NCLT nods CarVal's Rs2,300 cr bid for Uttam Value Steel, Uttam Galva Metallics By www.livemint.com Published On :: Mon, 04 May 2020 18:53:20+5:30 The resolution plan would allow lenders to get close to 40% of their claims for both the companies.While the joint resolution plan was approved by the committee of creditors (CoC) in April last year, SSG Capital, the other bidder for these assets contested the decision Full Article
