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INSOLVENCY PLEA WITHDRAWAL
SpiceJet insolvency case: NCLT allows lessor to withdraw plea, imposes fine on both Aviator ML & cash-strapped airlineThe National Company Law Tribunal allowed Aviator ML to withdraw its insolvency plea against SpiceJet. Both parties faced a fine for late s...- SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVLThe Supreme Court will hear Venugopal Dhoot's plea against an NCLAT order. This order upheld separate insolvency proceedings for two Videoc...
- NCLAT allows withdrawal of insolvency case against Oswal Overseas after settlement with creditorThe National Company Law Appellate Tribunal allowed Oswal Overseas' appeal withdrawal after a settlement. Oswal Overseas and LH Sugar Facto...
- 'Creditors can't seek claims beyond okayed resolution plan'Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM F...
- TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLATTVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejec...
- SC junks BCCI, Riju Raveendran's plea on settlement for Byju'sThe Supreme Court has rejected appeals from the BCCI and Byju's co-founder Riju Raveendran. They sought to halt insolvency proceedings agai...
- Reliance Infra says made full payment of Rs 92.68 cr, NCLT order infructuousReliance Infrastructure has cleared its dues of Rs 92.68 crore to Dhursar Solar Power. This payment addresses claims related to tariff agre...
- ETtech Explainer: Edtech company Byju’s legal woes take new turnJust when things seemed to be going the way of the embattled edtech firm, a Supreme Court ruling in October last year overturning the NCLAT...
- Dispute with Raymach Tech settled: SpiceJet to NCLTSpiceJet Ltd settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues at the National Company Law Tribunal.
- Booster Shot! Settlement with IndusInd Bank lifts Zee Ent shares to 1-month highThe insolvency plea by IndusInd Bank against Zee had raised questions over the smooth merger of the company with Sony Pictures, which was a...
- ZEEL MD & CEO Punit Goenka challenges NCLT's insolvency order before NCLATZee Entertainment Enterprises Limited (ZEEL) MD & CEO Punit Goenka has moved the National Company Law Appellate Tribunal (NCLAT) seeking re...
- NCLAT orders fresh hearing in Radius Estate insolvency row, sets aside earlier orderIn March, the NCLT Mumbai bench had allowed an application filed by Piramal Capital & Housing Finance Ltd (PCHFL) that had opposed the with...
- NCLAT allows withdrawal of insolvency proceedings against Kanoria SugarA two-member bench of the National Company Law Appellate Tribunal (NCLAT) permitted Punjab National Bank (PNB), the financial creditor of K...
- Indiabulls Housing Finance moves NCLT against Radius Estate ProjectsThe realty firm owes over Rs 798 crore to Indiabulls Housing Finance.
- NCLAT allows ATS group firm to withdraw appeal after settlement with financial creditorThe company on Monday informed the NCLAT about its settlement with the financial creditor, following which the appellate tribunal allowed i...
- Piramal Capital & Housing opposes Radius Estate Projects’ insolvency withdrawalOn Thursday, opposing the insolvency resolution plea filed by the company’s resolution professional (RP) at the Mumbai bench of the Nationa...
- Ahluwalia Contracts settles dispute with A2 Interiors; moves to withdraw insolvency proceedingsOn May 5, the Delhi-based bench of NCLT had allowed the insolvency plea filed by A2 Interiors Products, an operational creditor, against Ah...
- Applicants who get a successful resolution plan cannot withdraw their offer, says NCLATA three-member NCLAT bench said the sanctity of resolution process has to be maintained and such withdrawal by a successful bidder "frustra...
- Bankruptcy & Insolvency: ED seeks 2 more weeks from NCLT to intervene in Sterling CaseA division bench of tribunal, presided over by judicial member Bhaskara Pantula Moha and technical member Shyam Babu Gautam, allowed ED two...
- NCLT lets Srei Infra Finance recall Sterling SEZ caseGujarat-based Sterling SEZ is a subsidiary of Sterling Group that owes over Rs 8,100 crore to its financial and operational lenders.
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