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NCLT LIQUIDATION PROCEEDINGS
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 ...
- 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...
- Oberoi Realty & Nirmal Lifestyle get NCLT approval for mergerThe National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty. This move will simplify Oberoi Rea...
- NCLAT upholds NCLT order on distribution of funds from a resolution planThe National Company Law Appellate Tribunal has rejected a plea from five banks. They challenged fund distribution to SBI and Punjab Nation...
- Mahagun Group raises Rs 225 crore from CSL Finance LimitedMahagun Group has secured Rs 225 crore funding from CSL Finance Limited. This capital infusion will accelerate project execution and ensure...
- 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...
- JSW moves Supreme Court to halt Bhushan Power and Steel Ltd liquidationJSW Steel has appealed to the Supreme Court to halt the liquidation of Bhushan Power and Steel Ltd (BPSL), warning it would be detrimental ...
- Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation orderSanjay Singal, former promoter of Bhushan Power and Steel, has appealed to the NCLT Delhi to enforce the Supreme Court's decision overturni...
- Go First insolvency case: NCLT asks promoters to file reply on liquidation in 3 weeksThe National Company Law Tribunal (NCLT) has directed the suspended board of Go First to respond within three weeks regarding the liquidati...
- NCLT allows withdrawal of liquidation proceedings against Prag DistilleryAllowing a section 12A plea filed by the liquidator, the Mumbai bench of the NCLT said the proposal to withdraw the petition against Prag D...
- Timely liquidation should be preferred over fruitless, endless resolution proceedings, says NCLAT"If the time period for Corporate Insolvency Resolution Period (CIRP) was extended but the Resolution Plan was not accepted by NCLT then li...
- 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...
- Any creditor of firm in liquidation can seek transfer of winding up plea from HC to NCLT: SCA bench headed by Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian was faced with two legal questions as to what are ...
- NCLAT gives 30 days more to Sterling Biotech promoters to settle duesA three-member bench headed by Chairperson Justice S J Mukhopadhaya also said the Enforcement Directorate will probe and ascertain whether ...
- Sebi disposes of case against ABG ShipyardABG Shipyard is undergoing insolvency proceedings.
- 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...
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