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AENDRI LEGAL
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- Bankruptcy court approves KGS Sugar & Infra Corporation’s acquisition by Grainotch IndustriesThe National Company Law Tribunal has approved Grainotch Industries' takeover of KGS Sugar Infra Corporation. KGS Sugar faced insolvency wi...
- Big order, big impact: JSW Steel’s Bhushan Power buyout cancelled by SC over IBC violationsThe Supreme Court has invalidated JSW Steel's resolution plan for Bhushan Power and Steel, citing non-compliance with the Insolvency and Ba...
- NCLT ends Go First's turbulent ride, steers co into liquidationGo Airlines has been admitted into liquidation by the Delhi bankruptcy court after lenders failed to receive a viable revival plan. The com...
- NCLT Mumbai's outsourcing staff goes on strike over delay in salaryOver 150 contractual and outsourcing staff at Mumbai’s NCLT went on strike due to non-payment of December 2024 salary. They demand immediat...
- NCLT order frees assets of 60 parties in Gitanjali Gems case after SFIO drops chargesThe SFIO dropped charges against 60 individuals and entities, including Nirav Modi's family and Punjab National Bank, in the Gitanjali Gems...
- Executors of Ratan Tata's will start on shortlist for NGO boardsFollowing the passing of Ratan Tata, executors of his will have initiated the process of appointing members to the boards of his philanthro...
- NCLT junks plea against Shapoorji PallonjiThe bankruptcy court in Mumbai has dismissed an insolvency plea by KBC Infrastructure against Shapoorji Pallonji & Co. The National Company...
- NCLT affirms HDIL rights over Hyderabad propertyThe NCLT protected HDIL's rights over a 73-acre property in Hyderabad amid insolvency proceedings initiated in 2019. The tribunal found tha...
- Jindal Power, Vedanta & 4 others in race for AthenaThe race to acquire Athena Demwe Power, which owns the crucial 1,750-MW Lower Demwe hydroelectric project in Arunachal Pradesh, is heating ...
- Jaypee Infratech Delisting: Suraksha Realty to pay exit price to retail shareholders, sets June 21 as record dateThe successful resolution applicant of Jaypee Infratech will pay on a par with the liquidation value of the company to its shareholders hol...
- NCLT admits personal insolvency plea against Rajkumar Dhoot of VideoconThe NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industr...
- NCLT sets aside Syska LED Light insolvency process as company, lender settles matterSyska LED Lights is part of the Pune-based SSK Group, an exclusive distributor of Samsung mobiles, accessories and tables for five states i...
- Guarantors' plan for Pradip Overseas gets NCLT nodThe ruling is expected to set a precedent for promoters of bankrupt companies who are facing proceedings under the Insolvency and Bankruptc...
- NCLT approves Hinduja Group’s revival plan for Anil Ambani-promoted Reliance CapitalThe bankruptcy court in Mumbai approved the acquisition of Reliance Capital by IndusInd International Holdings Ltd. A monitoring committee ...
- End of Zee-Sony deal may trigger a spate of legal wranglingsOn Monday, Zee informed stock exchanges that Sony Group companies Culver Max Entertainment and Bangla Entertainment terminated the merger c...
- High Court ruling plugs personal insolvency loopholeThe ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. ...
- Rolta India unit lands in bankruptcy court"We are of the considered view that the operational creditor has been able to establish the existence of an operational debt and its defaul...
- NCLT admits personal insolvency application against Kishore BiyaniThe admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the g...
- Ashish Pyasi of Dhir & Dhir Associates launches dispute resolution firm Aendri LegalAn alumnus of Government Law College, Mumbai (2008), and a member of the Indian Institute of Company Secretaries of India (ICSI), Pyasi sta...
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