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NCLAT UPHOLDS INSOLVENCY
Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- This smallcap real estate stock rallied 51% in 3 days. What’s behind the surge?Embassy Developments shares surged 51% in three days after the NCLAT overturned an earlier order admitting the company into insolvency proc...
- After NCLAT relief, Adani moves SC with caveat against possible Vedanta appeal in Jaypee insolvency caseEnterprises has filed a caveat before the Supreme Court anticipating a challenge by Vedanta against the National Company Law Appellate Trib...
- NCLAT sets aside NCLT insolvency order against Embassy DevelopmentsEmbassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that pl...
- SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- NCLAT upholds project-specific insolvency action for realty firmsHomebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law...
- NCLAT reaffirms project-specific insolvency proceedings against realty firmsThe National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the pr...
- SC rejects insolvency plea against ECLThe Supreme Court has dismissed appeals by UV Asset Reconstruction Co and Electrosteel Castings Ltd (ECL), upholding a NCLAT ruling. The ap...
- NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT orderThe Appellate Tribunal NCLAT has rejected Equitas Small Finance Bank's appeal. This appeal sought to initiate insolvency proceedings agains...
- Insolvency law cannot override PMLA, says NCLAT; upholds asset attachment by EDThe NCLAT ruled that the IBC cannot override the PMLA. ED-attached assets of Dunar Foods cannot be released for resolution. The appellate t...
- NCLAT upholds insolvency proceedings against Jaypee Cement CorpThe insolvency appellate tribunal upheld insolvency proceedings against Jaypee Cement, affirming an earlier NCLT order. NCLAT dismissed Alo...
- NCLAT upholds insolvency order for Future Ideas Company LimitedThe National Company Law Appellate Tribunal (NCLAT) has affirmed the NCLT's decision to initiate insolvency proceedings against Future Idea...
- Supreme Court orders liquidation of Jet Airways on failure of resolution planJet Airways Liquidation: The Supreme Court has ordered the liquidation of Jet Airways, rejecting a takeover bid by Kalrock Capital and Mura...
- Jaypee Infratech appoints Devang Pravin Patel as CFO; to delist company shares from boursesSuraksha Group takes control of Jaypee Infratech Ltd, appoints Devang Pravin Patel as CFO, and plans to delist shares from stock exchanges.
- Relief for 20,000 homebuyers! Suraksha Group finally takes over Jaypee Infratech via insolvency processAccording to a regulatory filing by Jaypee Infratech on Wednesday, Suraksha Group informed the IMC (Implementation and Monitoring Committee...
- Dadheech Infra case: NCLAT upholds insolvency proceedings; flags delay by NCLT in pronouncing verdictSubsequent to the execution of the second PoA, the NCLT on April 4, 2022, had directed SREI Equipment Finance to obtain proper instructions...
- In relief for Go First, NCLAT upholds insolvency decision"The order admitting insolvency petition is upheld. The appellants as well as IRP are at liberty to make appropriate application before the...
- Time taken at tribunals in insolvency cases to be excluded from statutory 270 days: SCThe top court also stressed the need of "time-bound" disposal of insolvency process saying it would not only support the development of "cr...
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