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IRP WITHDRAWAL APPLICATION
SC refuses stay on embattled edtech startup Byju’s insolvency caseThe Supreme Court has declined to stay the insolvency process of Think & Learn, Byju’s parent firm, despite appeals from BCCI and co-founde...
Byju's insolvency: NCLAT sets aside BCCI and Riju Raveendran's plea for settlementAppellate tribunal NCLAT has dismissed appeals from BCCI and Riju Raveendran over Byju's settlement, upholding the NCLT's order to consider...
NCLT approves Shailendra Ajmera as new resolution professional of Byju’s parent firmEarlier, the tribunal directed the committee of creditors (CoC) to submit its recommendation on the appointment of a new RP after the NCLT ...
ETtech Explainer: Edtech company Byju’s legal woes take new turnJust when things seemed to be going the way of the embattled edtech firm, a Supreme Court ruling in October last year overturning the NCLAT...
NCLAT member recuses from hearing appeal in Byju’s caseThe matter is now before NCLAT Chairperson Justice Ashok Bhushan to appoint a new bench for hearing the company's appeal. On January 8, the...
NCLT reserves ruling on Byju’s creditor appeals, BCCI insolvency petitionGlas Trust and Aditya Birla Finance were initially part of Byju's CoC. Later, when insolvency resolution professional Pankaj Srivastava rec...
Byju’s US lenders ask NCLT to reject BCCI plea to withdraw insolvency petitionGlas Trust challenges the maintainability of Byju's insolvency withdrawal application, arguing it should be submitted by the IRP before CoC...
Byju’s-BCCI settlement: SC sets aside NCLAT order on Rs 158-crore disputeThe apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the ...
NCLAT orders fresh hearing in Radius Estate insolvency row, sets aside earlier orderIn March, the NCLT Mumbai bench had allowed an application filed by Piramal Capital & Housing Finance Ltd (PCHFL) that had opposed the with...
Arpwood, Welspun Group in race to buy Sintex BAPLRajeev Gupta and Raj Kataria-promoted Arpwood Capital improved their offer to ₹1,100 crore, soon after Welspun Group offered ₹1,076 crore t...
NCLT dismisses insolvency resolution withdrawal application of Rolta India promotersOne of Rolta India’s employees had filed a petition under CIRP at the Mumbai bench of the National Company Law Tribunal (NCLT) after the co...
Jaypee Infra homebuyers concerned over extension-led delay in resolutionHomebuyers’ associations have approached the insolvency resolution professional with their demand to adhere to the timelines without offeri...
Jaypee case: Suraksha objects to scheduled CoC meet to discuss NBCC offer; warns of legal actionThe latest development comes hours after the IRP called for a meeting of the CoC in the morning of May 24 to discuss state-owned NBCC's add...
Ahluwalia Contracts settles dispute with A2 Interiors; moves to withdraw insolvency proceedingsOn May 5, the Delhi-based bench of NCLT had allowed the insolvency plea filed by A2 Interiors Products, an operational creditor, against Ah...
NCLAT sets aside insolvency proceedings of Vipul LimitedThe Gurgaon-based company approached the court claiming it has reached a settlement with the financial creditors. The NCLAT, however, said ...
IDBI Bank nominee resigns from Jaiprakash Associates boardIDBI Bank has decided to withdraw the nomination of Subrat Kumar Mohapatra from the board of directors of the company with immediate effect.
Can a bank allow a company under insolvency to withdraw cash?In an embarrassing case, Amtek Auto managed to withdraw money from its account in IOB Hosur branch although loans taken from the bank’s Raj...