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NCLT AHMEDABAD
NCLAT allows Lyka Labs appeal; asks Modi Lifecare to pay Rs 63 lakh or face insolvency proceedingsThe NCLAT has ruled in favor of Lyka Labs. It overturned a previous NCLT decision. Modi Lifecare Industries must now pay Rs 63 lakh within ...- 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...
- Steel Strips Wheels to invest Rs 138 cr in AMW AutocomponentSteel Strips Wheels Ltd (SSWL) is set to invest Rs 138 crore in AMW Autocomponent Ltd as part of an insolvency resolution plan. The decisio...
- NCLT directs Swan Energy to make upfront payment for Reliance NavalSwan Energy, the company that won the bid to buy Reliance Naval and Engineering Ltd, has been asked by the Ahmedabad bench of NCLT to make ...
- Oyo subsidiary gets NCLAT reprieve in bankruptcy caseNCLAT has ordered a stay on the formation of the committee of creditors in the bankruptcy proceedings Oyo Hotels & Homes Pvt. Ltd., the sub...
- NCLAT directs NCLT Ahmedabad to decide on insolvency plea against Sintex Industries within a weekThe National Company Law Appellate Tribunal (NCLAT) on Monday directed the Ahmedabad bench of NCLT to decide within a week whether to admit...
- 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...
- NCLT allows changes in payment schedule to the successful bidder on account of COVID-19The order will set a precedent since lenders and the tribunal have allowed the successful bidder to change the payment schedule after the a...
- Standard Chartered, Ruias to appeal in NCLAT against Essar orderPrashant Ruia, part of the Essar Steel promoter family, has filed an appeal at the NCLAT against the order.
- NCLT Ahmedabad clears ArcelorMittal's Rs 42,000 crore resolution plan for Essar SteelClearing ArcelorMittal's bid, NCLT says it cannot impose judicial view over banks' wisdom.
- NCLAT directs NCLT Ahmedabad to take call on ArcelorMittal's Essar Steel bid by March 8It has also directed the registry of NCLT to communicate this order to the Ahmedabad-based bench and its members.
- NCLAT extends deadline for NCLT Ahmedabad to decide on Essar Steel insolvency case by February 19Earlier, the NCLAT has asked NCLT Ahmedabad to decide by February 11, failing to which it would call records and pass order.
- SC rejects petition by Essar Steel’s operational creditorsThe view taken by NCLT on the Ruia bid will be crucial in the final decision of the court.
- Promoters offered to pay Rs 54,389 crore: NCLT dismisses Ruias' proposal to settle Essar debtThe Essar group hinted at challenging the verdict, citing the last week's Supreme Court order on IBC.
- NCLAT asks NCLT Ahmedabad to take decision on Essar Steel's insolvency case by Jan 31A two-member bench of NCLAT said that if the Ahmedabad bench of NCLT does not pass any order by January 31, then it would call the matter a...
- Essar Steel insolvency case: NCLAT asks NCLT Ahmedabad bench to expedite decisionThe matter is listed at NCLT Ahmedabad on January 7 for next hearing.
- Arvind gets NCLT's approval for demerger of branded apparel, engineering bizAccording to the company, it expects demerger of branded apparel business and engineering business to become effective from the second half...
- NCLT to pronounce judgement not later than 12th April in ArcelorMittal vs Numetal caseArcelorMittal, Committee of Creditors (CoC) and Numetal lawyers had come up with new documents/submissions, which they need to submit by Mo...
- Reliance Marine and Offshore owes Rs 159 crore, says IFCIIFCI's claim on the amount of debt owed on account of Reliance Marine and Offshore Ltd is Rs 159 crore, as per the petition filed by it bef...
- NCLT to pronounce Essar Steel’s insolvency order on WednesdayAfter losing an intense legal battle at Gujarat High Court, Essar Steel is again back at NCLT, where SBI and SCB is fighting to ensure admi...
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