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NCLT SALARY DELAY
Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...- Dunzo app, website go offline post cofounder Kabeer Biswas exit to FlipkartDunzo's website and app went offline following CEO Kabeer Biswas's departure to Flipkart. The startup has struggled financially despite rai...
- NCLT Mumbai's outsourcing staff goes on strike over delay in salaryOver 150 contractual and outsourcing staff at Mumbai’s NCLT went on strike due to non-payment of December 2024 salary. They demand immediat...
- NCLT Mumbai’s outsourcing staff goes on strike over delay in salaryThe Mumbai bench of the National Company Law Tribunal's outsourcing and contractual staff went on strike due to non-payment of December 202...
- Investor group accuses Byju’s of violating NCLT orderA group of Byju’s investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Ra...
- Byju’s lays off about 500 staffers, nearly half from tuition centre businessLayoff at Byju's has hit 500 staffers, affecting Tuition Centre operations, amidst a funding crisis. Staff face delayed salaries amid NCLT ...
- Byju's delays salary again amid rights issue battle with investorsLast week, ther National Company Law Tribunal (NCLT), Bengaluru, refused to stay Byju’s extraordinary general meeting (EGM) scheduled for F...
- Byju’s clears February salary in parts for some, rest get full payment after delayEmbattled edtech company Byju's on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for t...
- Unable to process salaries because of investor dispute: Byju Raveendran to staffIn an internal memo, he blamed a select few investors, and added that the amount raised through the rights issue is locked in a separate ac...
- Byju’s US lenders invoke parent company's guarantee in insolvency proceedingsNCLT gives Byju’s three weeks to respond to US lenders’ petition; seeks response to BCCI plea as well
- SpiceJet promoter Ajay Singh, Busy Bee Airways submit bid for GoFirstSpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for financially troubled GoFirst, planning to operate it with SpiceJet's supp...
- Go First: Fasten seat belts' sign has been on for a long whileGo First Airlines has filed a voluntary insolvency petition with India's National Company Law Tribunal (NCLT), in addition to a request for...
- Jet Airways: No flight plan in sight, lenders may sell 11 aircraftsBankers say the Jalan-Kalrock consortium's failure to pay the required amount even one-and-a-half years after the National Company Law Trib...
- Bankruptcy: NCLT delays compounded by lack of new appointmentsThe government's prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Ban...
- Srei Infra company secretary resigns; 180 exits since December after salary caps, pandemic stressThe company is battling asset-liability mismatch in the aftermath of the pandemic-driven stress in the economy as it mainly caters to equip...
- Aircel may seek NCLT nod to sell its non-spectrum assetsUnder the insolvency process, Deloitte is running the bankrupt telco’s asset sale process, being the resolution professional. The consultan...
- 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 (...
- Etihad asks SBI to buy its 24 per cent stake in Jet AirwaysEtihad has offered its stake in Jet to SBI at Rs 150 per share or approx Rs 400 crore.
- NCLT accepts Aircel's bankruptcy petitionVijay Iyer of consultancy firm Deloitte Haskins & Sells has been nominated as insolvency resolution professional (IRP) from Aircel's side t...
- Would have kept Aircel afloat, claims C SivasankaranSivasankaran started the telecom firm in 1999, launching services initially in Tamil Nadu. In 2005, he sold it to Malaysia-based Maxis Comm...
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