NCLT admits insolvency plea against Neptune VenturesAccording to the ARC, Neptune Ventures owes it ₹402 crore. At the tribunal, the developer opposed the petition on the ground of limitation,...
20 Jul, 2023, 12.11 AM IST
NCLT admits Frost International for resolution on Bank of India pleaBank of India had approached the National Company Law Tribunal (NCLT) after the trading house defaulted on its dues of about ₹872 crore. Th...
11 Feb, 2023, 07.27 AM IST
NCLT allows plea for S Kumars' insolvency resolutionThe ARC had approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the over seven-decade-old textile maker and lea...
21 Nov, 2022, 12.28 AM IST
Sterling Biotech's liquidator invites fresh bids to attract more buyersFresh bids have been called to attract more buyers with a new clause that the successful bidder will now have to pay only 20% of the final ...
26 Oct, 2021, 10.16 PM IST
NCLT gives nod to liquidate S KumarsS Kumar Nationwide owes around Rs 7,970 crore to its financial creditors.
24 Jun, 2019, 07.42 AM IST
Bombay High Court rejects Reliance Naval plea against ONGCThe matter was heard by Justice Girish S Kulkarni, who refused to grant any relief to RNEL
12 Feb, 2019, 10.35 PM IST
Andhra Bank files bankruptcy petition against ProvogueA sum of Rs 305.35 crore was payable to lenders who restructured debt as of January 25, 2016, according to Provogue’s annual report for FY1...
13 Jul, 2018, 08.41 AM IST
NCLT admits S Kumars for insolvency proceedingsThe company, which owned the premium brand Reid & Taylor in India, has total dues of about Rs 2,500 crore to financial creditors.
16 Apr, 2018, 06.31 AM IST
NCLT rejects Gemini’s bankruptcy petitionTribunal raises doubts over ‘unnatural’ facts in the application
11 Apr, 2018, 11.21 AM IST
Banks recall loans to Topworth, may start bankruptcy proceedingsThese loans are classified as non-performing assets (NPAs) in the banks' books and a liquidator has been appointed earlier.
06 Nov, 2017, 11.03 AM IST
Andhra Bank drags HDIL before NCLTThis is the second petition filed against HDIL within three months.
30 Oct, 2017, 09.33 AM IST
Lenders can claim dues only after arbitration is over: Bombay High CourtIf the dues aren't paid by June 30, after the arbitration is over, then the lenders can sell shares pledged by the company, Justice GS Pate...
27 Apr, 2015, 11.21 AM IST
KSS Petron moves HC to cancel ONGC’s Rs 1,000 crore contract to Technip unitIn its petition, KSS Petron accused ONGC of favouring Technip KT India Ltd on the contract related to an onshore terminal development.
13 May, 2014, 11.56 AM IST
Varun Industries' lenders move closer to debt recovery, to get Rs 95 croreThe tribunal has asked the stainless steel exporting company and its promoters Kiran Mehta and Kailash Agarwal to pay the amount in two ins...
26 Dec, 2013, 06.05 PM IST
Banks move to DRT, take control of Varun Industries' assetsThe consortium consists of Ind Bank, UCO Bank, CBI, Syndicate Bank, SBI, UBI, BoI, Bank of Baroda, IDBI Bank and Allahabad Bank.
19 Nov, 2013, 11.07 AM IST
Lenders move debt tribunal against Varun Industries to recover Rs 1,900-cr in duesVarun Industries has been severely hit by unrest in key markets of the MENA, US sanctions on Iran, currency fluctuations.
02 Nov, 2013, 06.55 AM IST
- Banks not to pay margin money in BCCI-Nimbus dispute
3 banks have said that they do not intend to return margin money placed by Nimbus with them in respect of guarantees issued in favour of th...
22 Dec, 2011, 01.10 PM IST