IBC review proposed to speed up resolutionsThe Parliamentary Standing Committee on Finance calls for a review of the Insolvency and Bankruptcy Code (IBC) to address implementation ch...
07 Feb, 2024, 12.37 AM IST
Jaypee Infratech insolvency: Committee formed for implementation of Suraksha group resolution planIn a regulatory filing, Jaypee Infratech Ltd (JIL) informed that "...in compliance with the order of the NCLT, an 'Implementation and Monit...
13 Mar, 2023, 10.48 PM IST
Panasonic India companies' deal gets NCLT OKPanasonic had approached the NCLT for the amalgamation of a loss-making entity with a profit-making entity. The tax department had said tha...
30 May, 2022, 01.13 AM IST
China Development Bank writes to FM Nirmala Sitharaman, seeks implementation of Reliance Infratel resolutionThe resolution plan which involves Jio purchasing RITL for about Rs 4,000 crore has been kept in abeyance, after the telecom company found ...
15 Mar, 2022, 08.39 AM IST
NCLT puts on hold shareholders meeting of Future RetailIn September, the NCLT had allowed FRL to convene meetings of its shareholders and creditors to seek approval on a sale proposal of the ret...
08 Nov, 2021, 03.54 PM IST
Lok Sabha passes Companies (Amendment) BillThe bill was passed with a voice vote with amendments moved by the Minister of State for Corporate Affairs P P Chaudhary.
04 Jan, 2019, 07.50 PM IST
Panel suggests higher threshold for NCLT casesThe tribunals currently hear violations involving fines of more than .`5 lakh. The decision on what the new limit should be has been left t...
08 Aug, 2018, 11.10 PM IST
UltraTech closes in on Binani CementBinani Industries had moved the NCLAT against the resolution professional of Binani Cement, alleging that its order was not followed while ...
04 Apr, 2018, 11.37 AM IST
IBC panel recommends changes to revamp insolvency resolution processThe panel has recommended changes to the insolvency resolution framework to make it flexible for Resolution Professionals to raise interim ...
04 Apr, 2018, 12.10 AM IST
Binani Cement lenders to meet on April 4, consider out-of-court settlementA meeting of the Committee of Creditors has been called on April 4 to consider the NCLT order, CoC sources said.
03 Apr, 2018, 08.38 PM IST
Panel may favour giving NCLT power to halt resolutionThe panel’s recommendation of 90% lender support effectively gives likely buyers an opportunity to enter into one-time settlement with bank...
21 Mar, 2018, 06.58 AM IST
Unitech dives over 16% as SC stays NCLT orderThe Supreme Court today stayed the December 8 order of the company law tribunal NCLT in this respect.
13 Dec, 2017, 01.13 PM IST
Insolvency law: Government sets up 14-member panel to identify issuesThe Insolvency Law Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, would take stock of the implementation of the Code, a...
21 Nov, 2017, 08.28 PM IST
Govt starts process for selecting NCLT membersThe government has started the process for selecting members for the National Company Law Tribunal. Steps have also been taken to make prov...
02 Dec, 2015, 08.58 PM IST
PMO asks Corporate Affairs Ministry to settle issues holding up NCLTThe NCLT is meant to be an overarching body for resolving insolvencies, which will act as the main component of the proposed bankruptcy cod...
23 Apr, 2015, 04.00 AM IST
Centre working on comprehensive bankruptcy code for improving business environmentThe bankruptcy code will help reorganise a stressed business in a short span without endless litigation which erodes the viability of an en...
05 Mar, 2015, 05.57 AM IST
Company Law Board to exercise powers till government notifies NCLT provisionsCompany Law Board will continue to exercise its powers till the government notifies a date for transfer of all matters before it to the Nat...
20 Sep, 2013, 09.15 PM IST