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NCLT ATS GROUP
ATS Nobility Estates exits insolvencyThe National Company Law Tribunal has permitted the withdrawal of insolvency proceedings against ATS Group's Nobility Estates. This decisio...- NCLT allows withdrawal of insolvency proceedings against ATS group projectATS Knightsbridge, a premium Noida project, is out of insolvency. The National Company Law Tribunal approved its withdrawal after a settlem...
- NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearingThe NCLAT halted insolvency proceedings against Coffee Day Enterprises Ltd, operators of Cafe Coffee Day, pending further hearings. The tri...
- Noida extends rehab package offer for projects facing insolvency; Supertech, ATS, Logix Group among defaultersThe Uttar Pradesh government has extended the rehabilitation package for housing project developers facing insolvency proceedings by two we...
- NCLAT directs IRP to supervise ATS projectThe appellate tribunal's decision follows ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Man...
- Reliance Capital sells 45% stake in home fin arm for Rs 54 croreLenders have approved a ₹9,660-crore resolution plan offered by Hinduja Group-promoted IndusInd International Holdings for Reliance Capital
- Wadia group looking for partners to bid for Go FirstThe resolution professional of Go First has invited Expression of Interest (EoI) in the company from investors. The EoI allows a company or...
- Future Retail denies Amazon's allegation of 'fraudulent stratagem' by independent directorsLast week, Amazon had accused FRL's independent directors of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance Re...
- NCLT allows ICICI Prudential to withdraw insolvency proceedings against Anand Divine, a subsidiary of ATSLast month, National Company Law Appellate Tribunal (NCLAT) had stayed the insolvency proceeding initiated by NCLT in March 2022 against An...
- NCLAT allows ATS group firm to withdraw appeal after settlement with financial creditorThe company on Monday informed the NCLAT about its settlement with the financial creditor, following which the appellate tribunal allowed i...
- Realty Check: Just 4% IBC cases resolvedThe poor resolution rate further delays reprieve for thousands of homebuyers left in the lurch by builders.
- NCLAT stays formation of committee of creditors to overtake group company of realty developer ATS“We welcome the decision of the Court to put a stay on the constitution of CoC till the next hearing. We are adhering to all legal guidelin...
- NCLT initiates insolvency proceedings against a group company of realty developer ATS“In the present case, the corporate debtor has not filed any reply and written submissions till now. However, in view of the debt and defau...
- NCLAT expunges remarks against Cyrus Mistry in NCLT orderA two-member bench of the National Company Law Appellate Tribunal headed by Chairperson S J Mukhopadhaya said that such observations agains...
- Govt may set up Rs 20,000-cr fund for stalled non-NPA housing projects in 45 daysIndustry representatives demanded one-time loan restructuring of developers and changes in insolvency law to have maximum benefit from this...
- IL&FS resolution plan categorises units into three, could repay Rs 7,000 crore or moreThe tribunal asked the government and IL&FS to provide a list of group companies that have the ability to meet payment obligations in the n...
- IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedingsITNL said is in the process of reviewing the financials for the quarter ended Sep'18.
- Nirav Modi case: Government mulls legal options to stall Firestar Diamond's bankruptcy proceedings in USAccording to officials, Firestar Diamond that filed for bankruptcy in a US court is a subsidiary of one of the companies against whom the N...
- Home buyers, lenders will have to bear brunt of bankruptcy: SBI officialThe SBI official said home buyers and lenders must be put on "equal footing" and the losses should be borne at the same rate.
- Continental Hospitals' founders try to stall rights issue by IHHThe founders have stated in their petition that the proposed rights issue amounted to forcing the minority holders to buy shares, violating...
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