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NCLT TRANSFERS
NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of moneyThe National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National C...- JP Power shares surge 28% in 2 days, Adani Power hits fresh 52-week high amid optimism around stake acquisitionJaiprakash Power Ventures shares surged on Friday, extending their two-day rally to 28%, amid strong investor optimism surrounding Adani Po...
- SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
- JP Power shares soar 20% on optimism around Adani Power’s 24% stake purchaseJaiprakash Power Ventures shares surged on Wednesday, extending gains for a fifth straight session and rising more than 25% during this per...
- Jaypee Golf Club members in Noida seek clarity as Adani takeover of JAL nearsJaypee Golf Club members face uncertainty as Jaiprakash Associates' insolvency nears conclusion. Members demand clarity from the Resolution...
- NCLAT says NCLT cannot directly order SFIO Probe; refers matter to CentreThe National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an inve...
- Adani Power inks deals to buy Jaiprakash Power stake, Churk assets for over Rs 4,193 crore totalAdani Power is set to acquire a significant stake in Jaiprakash Power Ventures and a thermal power plant. This move is part of a resolution...
- NCLT admits insolvency plea against Prime Focus over Rs 353.79 crore claim, company challenges order in NCLATThe National Company Law Tribunal has admitted an insolvency petition against Prime Focus Ltd. Reliance Alpha Services Pvt Ltd filed the pe...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- NCLAT upholds NCLT order on distribution of funds from a resolution planThe National Company Law Appellate Tribunal has rejected a plea from five banks. They challenged fund distribution to SBI and Punjab Nation...
- Vedanta tells Supreme Court its revised Jaypee bid tops Adani offerVedanta Ltd has approached the Supreme Court challenging the rejection of its bid for Jaiprakash Associates Ltd. The mining giant claims it...
- SC agrees to examine NCLT's power to transfer cases outside stateA bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi agreed to examine the scope of the NCLT President's power to transf...
- IL&FS seeks fresh MMRDA approval for transfer of HQ in Mumbai's BKCIL&FS applies for MMRDA approval to transfer its BKC headquarters to Brookfield Asset Management. NCLT's transfer is pending, causing delay...
- Any creditor of firm in liquidation can seek transfer of winding up plea from HC to NCLT: SCA bench headed by Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian was faced with two legal questions as to what are ...
- Challenge to transfer order: NCLT member joins new posting in Kolkata, HC toldThe acting president of NCLT, BSV Prakash Kumar, by April 30 and May 12 orders, had shuffled the posting of the NCLT members, which has bee...
- NCLT transfers 3 more members with immediate effectAccording to a notification issued by the NCLT Registrar on Tuesday, the new list comprises three judicial members.
- NCLT transfers eight members with immediate effect"The members shall move to their new stations of posting, after lockdown restrictions on movement are withdrawn by the central government a...
- MCA notifies NCLT member posting rulesThe rules also restrict members from being posted to locations where they have been posted in the past two years.
- NCLT Principal bench directs to move Videocon insolvency pleas to one courtNCLT President Justice M M Kumar directed to transfer all insolvency petitions related to Videocon group to one court headed by M K Shrawat.
- Company Law Board to exercise powers till government notifies NCLT provisionsCompany Law Board will continue to exercise its powers till the government notifies a date for transfer of all matters before it to the Nat...
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