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NCLT LIQUIDATION CASE
NCLAT upholds full PF, gratuity payments for Jet Airways employeesIn a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, ...- JAL shares delist from BSE and NSE today: Will its 6.5 lakh shareholders get anything?Jaiprakash Associates shares were delisted from the BSE and NSE on Thursday, marking the closure of one of India's longest-running insolven...
- JAL shares to delist from BSE and NSE on Thursday. What happens to its 6 lakh shareholders?Jaiprakash Associates is set to be delisted from the BSE and NSE from June 18 following the completion of insolvency proceedings and Adani ...
- Insolvency recoveries nearly halve in FY26 due to rising delays: ReportRecoveries under India's Insolvency and Bankruptcy Code (IBC) saw a sharp decline in FY 2025-26. Admitted claims yielded only 23 percent, a...
- IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...
- Government operationalises amended insolvency law, sets 14-day admission deadline for NCLTOn May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. T...
- 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...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- NCLAT dismisses BSE pleas challenging NCLT’s power to defreeze demat accounts in insolvency casesNCLAT dismissed BSE’s appeals against NCLT orders to defreeze demat accounts of insolvent firms, ruling that NCLT has jurisdiction under th...
- SC orders status quo on liquidation of Bhushan Power as JSW Steel seeks to halt proceedingsThe Supreme Court has ordered a status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL) after JSW Steel's plea to halt the proc...
- NCLT approves 180 resolution plans in FY23, totalling Rs 51,424 croreWhile, in terms of realisation of the amount for creditors, this is the second highest after FY19, when the total realisation was Rs 1.11 l...
- Essar arm EPC's liquidator files pleas to recover dues from MatixIn the first case, Matix owes EPCCIL for some work done by the company in 2010. Matix had proposed to issue 250 million cumulative redeemab...
- NCLT passes order to liquidate dairy firm KwalityA two-member bench of the Delhi-based NCLT observed that despite extension in the insolvency timeline, the lenders of the Kwality failed to...
- Gujarat NRE Coke former promoter to be ineligible to negotiate with creditors: NCLATJindal Steel and Power, which is an unsecured creditor of Gujarat NRE Coke, had challenged an NCLT order that allowed the promoters to sett...
- Delay in solving bankruptcy cases is hurting banks: ICRAThe number of corporate debtors admitted by the NCLT but are yet to be resolved through the corporate insolvency resolution process is grow...
- Will delay in IBC cases result in bank losses?ICRA estimated lenders lost Rs 4,000 crore in the dozen high profile cases referred in the first phase.
- Delays beyond 270 days at NCLT cost banks Rs 4,000 cr in foregone interest: IcraThe RBI had mandated these dozen accounts as the first ones to be resolved under the IBC. However, these cases have faced legal challenges ...
- Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraudED had attached Rs 100 crore worth of property of REI Agro, once a prominent rice processing unit, for alleged money laundering. The compan...
- RBI norms add to NCLT burden"If we send so many of these cases to NCLT, I don’t know how the logistics will work,”
- Figuring out what shape the National Company Law Tribunal (NCLT) will takeThe Companies (Second Amendment) Act, 2002 suggested the creation of a national tribunal would look into most corporate matters in the coun...
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