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MUMBAI NCLT RULING
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...- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
- SC agrees to examine NCLT's power to transfer cases outside stateA bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi agreed to examine the scope of the NCLT President's power to transf...
- NCLT asks Brookfield to renew performance guarantee for IL&FS HQThe NCLT Mumbai has ordered Brookfield Asset Management to renew its performance guarantee for IL&FS' headquarters within 30 days, preventi...
- Restrain ZEE from seeking relief from NCLT or other courts: Sony to SIACSony Group-owned Culver Max Entertainment and Bangla Entertainment have urged the Singapore International Appellate Tribunal (SIAC) to rest...
- Jio proposes to deposit Rs 3,720 crore in escrow account to acquire RCom's tower, fibre assetsJio's subsidiary Reliance Projects and Property Management Services in an application before NCLT last month said that the company is commi...
- Sebi tweaks rules for control change proposals at AMCsThe Securities and Exchange Board of India (Sebi) on Monday streamlined the process for approval whenever there is a proposed change in con...
- NCLAT asks NCLT to provide hearing opportunity to 2 top Videocon Telecom execs whose bank accounts were frozenBoth the appellants contended that they had demitted the office of Videocon Telecommunications from March 31, 2017 and later, had no contro...
- ZEE gets two weeks time to file a reply at the NCLT in Invesco caseNCLT, which had originally given less than two days to the company to file their reply in the matter, had to settle for two weeks after ZEE...
- Supreme Court upholds NCLT's views on giving clean chit to Tata GroupAn apex court bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian observed that though the NCLT had addressed eac...
- Single-member bench cannot hear insolvency plea, rules NCLATIndore-based Indison Agro Foods Ltd, which is facing insolvency resolution, has argued in its case that the law requires the bench to consi...
- IFIN case: Big win for Deloitte, BSR & CoThe Bombay High Court on Tuesday ruled the ministry of corporate affairs (MCA) cannot take action against auditors over their role in the a...
- Tata welcomes NCLT verdict but Cyrus Mistry says he will challenge rulingIn a legal battle running for nearly two years, the National Company Law Tribunal (NCLT), Mumbai today dismissed the pleas of Mistry challe...
- Cyrus Mistry to appeal against NCLT orderIn a ruling today, the tribunal said it was not accepting Mistry's contentions that his removal was due to the result of mismanagement by t...
- Landmark judgment: Guarantors’ assets cannot be liquidated under IBCNCLAT’s ruling has huge ramifications as it offers relief for personal assets of promoters. This also effectively overturns the earlier rul...
- As Mumbai bench of NCLT rules in favour of Monnet IspatMonnet owed about Rs 2.5 crore to a foreign supplier, and an arbitration tribunal had ruled that the proceedings could continue simultaneou...
- Here's how India's big remedy for bad loans may badly backfireNCLAT has rebuked ICICI Bank, for moving a default application against Starlog Enterprises at the National Company Law Tribunal, with misle...
- NCLAT has penalised ICICI Bank for moving default application against Starlog with misleading claimsNCLAT has rebuked ICICI Bank, for moving a default application against Starlog Enterprises at the National Company Law Tribunal, Mumbai Ben...
- Government notifies rules for National Company Law TribunalThe tribunal and its appellate authority are part of the Companies Act, 2013, whose many provisions came into effect from April 1, 2014.
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