The tribunal also said the promoters will have to settle their case with the creditors within a specified period.

The company's promoters, Chetan Sandesara and Nitin Sandesara, are absconding and believed to be in Africa.

Besides, the appellate tribunal also said that "the Liquidator cannot sell the assets of the premises in question."

“The tribunal has decided to refer the company for insolvency in a verbal order,” said one of the people.

The NCLT bench presided over by VP Singh and Ravikumar Duraisamy also asked the bond holders of Madison Pacific Trust, who is opposing the ...

The Mumbai bench of the National Company Law Tribunal on Thursday gave 24 hours to the committee of creditors (CoC) to file its response.

The Mumbai-bench of NCLT on Friday stayed its earlier order after the Ministry of Corporate Affairs informed the tribunal that a similar wi...

Duo’s vakalatnamas are attested in Liberia but agency suspects they are in Albania.

The Enforcement Directorate had ensued an Interpol red corner notice against him on March 11.

Chartered accountant Hathi is one of the accused in the case along with SBL promoters

The court had earlier this month issued open-ended non-bailable warrants against the four promoters of the Gujarat pharma firm in the case.

On October 23, the ED filed a supplementary chargesheet against seven persons in the court in the money laundering case.

The ED will move court seeking the tag of fugitive economic offender on four accused in the Sterling Biotech case which will allow the agen...

Last October, the CBI registered a criminal case against Sterling Biotech, its directors and a then director of Andhra Bank for allegedly c...

Ruchi Soya, Sterling Biotech and Kanishk Gold are among the firms whose cases have been forwarded for probe.

Sterling Biotech of the Vadodara-based Sandesera Group is being probed by the ED for allegedly violating provisions of the Prevention of Mo...

State Bank of Mysore has filed a criminal complaint against Sterling Biotech, and its six directors, for allegedly defaulting on repayments.