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NCLT APPOINTMENT OF RP
IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- NCLAT says Committee of Creditors has right to appoint liquidator for debt-ridden firm, not NCLTThe National Company Law Appellate Tribunal (NCLAT) ruled that only the Committee of Creditors (CoC) can appoint a liquidator for a company...
- NCLT replaces RP in Anil Ambani personal guarantee caseThe NCLT replaced Jitender Kothari with Prashant Jain as the resolution professional in Anil Ambani's insolvency case concerning a ₹1,385-c...
- Byju's legal battles: US court ruling, new RP and whistleblower claimsThe US Bankruptcy Court found Byju’s suspended director, Riju Ravindran, founder Byju Raveendran, hedge fund Camshaft Capital Fund, and par...
- NCLT approves Shailendra Ajmera as new resolution professional of Byju’s parent firmEarlier, the tribunal directed the committee of creditors (CoC) to submit its recommendation on the appointment of a new RP after the NCLT ...
- NCLT defers appointment of new resolution professional for Think & LearnThis follows the NCLT finding lapses in the resolution professional Pankaj Srivastava’s conduct and seeking disciplinary proceedings agains...
- Byju's committee of creditors votes to appoint new resolution professionalThe lenders’ action follows the tribunal directing the CoC to submit its recommendation on the appointment of a new resolution professional...
- Byju’s US lenders ask NCLT to reject BCCI plea to withdraw insolvency petitionGlas Trust challenges the maintainability of Byju's insolvency withdrawal application, arguing it should be submitted by the IRP before CoC...
- HC issues show-cause notice to Go First resolution professional on non-maintenance of aircraftThe high court said the RP (Resolution Professional) cannot plead difficulties in the implementation of the October 12, 2023, judgment afte...
- Resolution professionals can't challenge tribunal order, says Supreme CourtThe Supreme Court has ruled that resolution professionals (RPs) do not have the authority to file appeals against bankruptcy court decision...
- Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transactionThis application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction...
- Most Future Enterprises lenders back Avil Menezes as resolution professionalThe National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL w...
- NCLAT upholds removal of resolution professional of Shree Ram Urban InfraThe NCLAT observed that the Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Ram Urban Infrastructure Ltd (SRUIL)...
- NCLAT upholds order passed by NCLT on appointment of RP for Metenere Ltd.The National Company Law Appellate Tribunal (NCLAT) upheld an order passed by Delhi-NCLT over appointment of a former State Bank of India (...
- Jet Airways' landlord approaches NCLT to repossess buildingThe airline has not paid rents from April, Luckystar Property claimed, adding that the agreement empowered it to take back possession of th...
- IRPs of RCom, two units told to submit progress reportNCLT has held that stay on insolvency process of RCom and its 2 units has been vacated by NCLAT.
- Patanjali says still interested in Ruchi Soya, lead bidder Adani Wilmar raises asset concernsIn December 2017, Indore-based Ruchi Soya Industries entered the Corporate Insolvency Resolution Process (CIRP).
- NCLT directs Era Infra RP to admit ICICI Bank as financial creditorThe resolution professional (RP) had declined to accept ICICI Bank's claims worth Rs 700 crore.
- Ruchi Soya's promoters sell 3.18% stake in open marketRuchi Soya's promoter entity Disha Foundation Trust sold these shares on August 24.
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