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Dharamshi-Jhunjunwala Consortium: NCLT okays Ricoh revival planA dedicated bankruptcy court has accepted the resolution plan for the revival of Ricoh India, the largest player in printing and document s...- NCLT approves Royale Partners Investment’s bid for EPC ConstructionThe foreign investor has offered to put in around Rs 900 crore to revive the company, which owed more than Rs 7,700 crore to its financial ...
- NCLT asks Jayaswal Neco, SBI to furnish details of SC petitionSBI's 2018 complaint in the NCLT against Nagpur-based Jayaswal Neco was in demand of dues to the tune of Rs 518 crore.
- NCLT hearing on Leela-Brookfield deal: Need another 3 months to finish the probe, says SebiITC is seeking a waiver on equity-ownership threshold to be eligible to file a case against the embattled provider of luxury leisure accomm...
- NCLT gives nod to liquidate S KumarsS Kumar Nationwide owes around Rs 7,970 crore to its financial creditors.
- American Tower Corporation opposes consolidation of books of Videocon groupWhile Videocon Telecommunications owes around Rs 24,000 crore to lenders, 12 other group entities under Videocon Industries owe Rs 59,000 c...
- GAIL moves NCLT to admit its claim against Videocon"We want to file an application seeking a claim of Rs 390 crore which the resolution professional had rejected," the counsel told the tribu...
- NCLT gives a second chance to Ushdev's Singaporean bidderState Bank has initiated insolvency resolution proceeding against Ushdev, a company which was part of the second list released by the Reser...
- NCLT rejects ArcelorMittal’s plea for EPC re-voteLenders of EPC Construction India have approved revival plans of Royale Partners Investment Fund with 73% voting.
- NCLT admits Bank of India’s insolvency plea against Shrenuj & CoThe National Company Law Tribunal (NCLT) admitted an insolvency petition filed by Bank of India against the company for defaulting on Rs 22...
- NCLT slaps Rs 1 lakh fine on Carnival Films Entertainment for giving loan to directorsRoC had reported that Carnival Films had granted loans to its directors without passing any special resolution during FY2015.
- Consolidate all 14 group subsidiaries as single financial entity: Videocon to NCLTThe Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings.
- Resolution professional gets till January 15 to resolve Aircel asset saleThe extension was requested by resolution professional Deloitte, who is overseeing the debt resolution process of Aircel.
- Mumbai court to hear bankruptcy petitions against 15 Videocon companiesSBI had filed multiple pleas in different courts to initiate recovery proceedings against 14 other companies linked to the parent company.
- Guarantor’s mortgaged asset can be liquidated, says NCLTPunjab National Bank and Central Bank of India were the two lenders.
- Government disagrees with NCLT order concerning defaulting promotersBankers, too, did not agree with NCLT’s interpretation. “NCLT may have ruled the way it did, but banks would not allow any backdoor entry b...
- NCLT: Government must focus on creating infrastructure and make the tribunal self-sufficientWith numbers stacked up against the quick disposal of cases, the very purpose for which it was created, is the NCLT model set to fail?
- De-registered companies seeking relief add to NCLT workloadAbout 30,000 of these cases are expected to come before the NCLT in the next few months, a senior government official familiar with the mat...
- Mumbai's NCLT to get more judges for speedy clearanceWith a sharp rise in cases handled, 4 judges & 2 benches may be added.
- Landmark bankruptcy ruling: Loan defaulters’ personal wealth can now be auctionedA bankruptcy court set a precedent by ruling that a promoter cannot escape liquidation of personal assets by simply filing for bankruptcy o...
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