Supreme Court stays Siva Industries liquidation after appeal by promotersIn a one line ruling, the two judge bench of L Nageswara Rao and BR Gavai stayed the Chennai NCLAT judgment dated January 28, 2022 until fu...
NCLAT asks NCLT to provide hearing opportunity to 2 top Videocon Telecom execs whose bank accounts were frozenBoth the appellants contended that they had demitted the office of Videocon Telecommunications from March 31, 2017 and later, had no contro...
NCLT orders freezing of assets of Arvind Dham, Metalyst ex-directorsThe order was in response to a petition filed by the ministry of corporate affairs against the bankrupt group.
MCA moves NCLT to freeze all assets of Metalyst Forgings former promotersIn December 2017, the company was admitted under the Corporate Insolvency Resolution Process in a petition filed by the State Bank of India...
TVS Group approaches NCLT for business recastThe ownership restructuring would not affect either the management or functioning of the various listed and unlisted companies in the TVS G...
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 (...
NCLT directs Moser Baer Solar to go under liquidationMoser Baer Solar is a subsidiary of optical storage media maker Moser Baer India Ltd (MBIL), which is also facing liquidation.
Arvind Q2 profit rises 16% to Rs 75 croreTotal expenses stood at Rs 1,723.27 crore as against Rs 1,540.08 crore, up 11.89 per cent.
Arvind gets NCLT's approval for demerger of branded apparel, engineering bizAccording to the company, it expects demerger of branded apparel business and engineering business to become effective from the second half...
NCLT cannot take decision on bids for Bhushan Steel: SCBoth potential buyers have also offered to invest an additional Rs 7,000 crore in the operations of the company.
Economic Survey 2018: Implementation of bankruptcy process to be key to kick-start private investmentLast year, the government, through the Reserve Bank of India, pushed banks to adapt the Insolvency and Bankruptcy Code to recover loans whi...
SBI to invoke guarantees despite IBC proceedingsAccording to reports, letters have been issued to all officers in charge of credit that they must immediately invoke the personal and corpo...
SBI initiates bankruptcy proceedings against CastexAmtex Auto was also admitted to bankruptcy court following the RBI’s directions.
Stayzilla case: SC orders status quo in Yogendra Vasupal’s appeal against insolvencyThe development, experts say, marks a crucial juncture in the winding-down narrative of the ‘controversial’ homestay and hotel aggregator.
NCLT calls for strategic, fin bids for Amtek AutoAmtek Auto chairman Arvind Dham has indicated that the group will bid alongside other Amtek investors.
Nova Scotia withdraws petition against AmtekLenders approached NCLT in Chandigarh early this week and suggested consulting firm EY.
Supreme Court reserves verdict on constitutional validity of company TribunalDattar submitted that the Act is such that all civil servants would be eligible to be in the Tribunal and the judiciary will be taken out w...