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BENGALURU NCLT
Flipkart pauses IPO discussions amid rising volatility in marketsWalmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowded pipeline of upcoming public issu...- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- Canara Bank invites bids for Rs 509 crore loan of Rajesh ExportsCanara Bank is selling a ₹509.37 crore loan given to Rajesh Exports. The bank is looking for buyers for this distressed debt. This move com...
- NCLAT directs NCLT to hear afresh insolvency plea by APL Apollo TubesNCLAT directs NCLT to rehear APL Apollo Tubes insolvency plea against Tanisha Scaffolding. Bench criticizes Bengaluru NCLT for rejecting cl...
- NCLAT dismisses appeal by investors against Byju’sThe National Company Law Appellate Tribunal has rejected an appeal filed by a group of investors of Byju’s seeking intervention in the case...
- Byju's seeks arbitration in dispute with investors; NCLT adjourns hearing to April 23During Thursday's proceedings, the NCLT noted that it would be a “blatant violation” of its interim order dated February 27 if Byju’s has i...
- NCLT Chandigarh withholds Embassy Group companies' merger with Indiabulls Real EstateThe merger sanctioned by Bengaluru bench the NCLT, which has jurisdiction over NAM Estates and Embassy One on April 22, 2022.
- Indiabulls Real Estate tanks 20% as Nam Estates-Embassy One merger faces delays"Indiabulls Real Estate (IBREL) regrets to inform its shareholders and the public that the sanction to the merger of NAM Estates Private (N...
- NCLT orders initiating insolvency proceedings against Mantri DevelopersIndiabulls Housing Finance Ltd (IHFL) had moved the Bengaluru bench of the National Company Law Tribunal (NCLT) claiming a default of Rs 45...
- Government extends NCLT Acting President BSV Prakash Kumar's tenure for one monthThis is the second extension of BSV Prakash Kumar, who was appointed as Acting President of NCLT for a period of three months from January ...
- NCLT transfers 3 more members with immediate effectAccording to a notification issued by the NCLT Registrar on Tuesday, the new list comprises three judicial members.
- NCLT cancels summer vacation this year, to hear casesSeveral judicial bodies and quasi-judicial bodies have also cancelled their summer vacations as they were closed during the lockdown and ar...
- NCLT transfers eight members with immediate effect"The members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government a...
- Govt extends tenure of NCLT acting President BSV Prakash Kumar"... it has been decided to extend the tenure of Shri BSV Prakash Kuamr as acting President for a period of another three months with effec...
- ABB India gets NCLT nod for demerger of power grid business to APPSIL"The Bengaluru Bench of the National Company Law Tribunal (NCLT) vide its order dated November 27, 2019 sanctioned the said Scheme involvin...
- NCLT admits plea against Flipkart; company says got Karnataka HC stayLED TV supplier CloudWalker Streaming Technologies had alleged that Flipkart did not pay dues amounting to Rs 26.95 crore despite repeated ...
- Sadananda Maiya to help Akashika Foods as mentorAkashika Foods, a Bengaluru-based food company, has taken over the South Indian packaged food brand Maiyas as per a resolution order passed...
- NCLT steps in, Akashika Foods to take over Maiyas Beverages and FoodsSix firms including Peepul Capital, Sadananda Maiya, Guiltfree Industries, MTR Foods, Akashika Foods and Kamal Agrawal had bid for the firm...
- Akashika Foods to take over Maiyas Beverages & FoodsThe Tribunal has passed an order to this effect going by the recommendation of the Committee of Creditors (CoC) and interim resolution prof...
- NCLT blocks sale of UB assets after SBI’s pleaUnder section 213 of the Companies Act, 2013, there is a provision for a shareholder or creditor or any other person to apply to the NCLT a...
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