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NIPUN SINGHVI
NCLT admits L&T Finance plea against Tikona Infinet over unpaid duesThe Mumbai bench of the NCLT has admitted L&T Finance's insolvency plea against Tikona Infinet over a ₹116.01 crore default on coupon payme...- NCLT order frees assets of 60 parties in Gitanjali Gems case after SFIO drops chargesThe SFIO dropped charges against 60 individuals and entities, including Nirav Modi's family and Punjab National Bank, in the Gitanjali Gems...
- NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta“It is noted under Section 128 of Indian Contract Act, 1872 that when a default is committed, the principal borrower and surety are jointly...
- Bankruptcy court admits insolvency resolution plea against Helios Photo VoltaicThe National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Hel...
- NCLT Approves McNally Barat Engineering’s acquisition by BTL EPCWhen the company's resolution professional (RP) Ravi Sethia invited the bids, four bidders - Amit Metaliks, Nalwa Steel & Power, BTL EPC an...
- Bankruptcy court admits insolvency resolution plea against Goli Vada Pav“We are of the considered view that the operational creditor (Vista Processed) has been able to establish the existence of the operational ...
- NCLT admits Ezeego One Travel under liquidationThe Mumbai bench of the National Company Law Tribunal (NCLT), while allowing an application to admit the company for liquidation, appointed...
- Bankruptcy court dismisses revival plan for Ujaas EnergyThe ruling will set a precedent for lenders in other cases where dissenting secured creditors are seeking to proceed separately against the...
- NCLT directs I-T dept to release Sai Info landThe liquidator had argued that by not removing the encumbrance from the property, the respondents (state tax department) are obstructing th...
- NCLT directs tax dept to vacate the line on Sai InfoSystem’s land parcelParag Sheth, the liquidator of Sai InfoSystem, had approached the National Company Law Tribunal (NCLT) with the argument that the departmen...
- NCLT allows Lotus Auto liquidator’s petition to sell company as a going concernLotus Auto is a manufacturer of cast iron and cast iron components and has a manufacturing facility in Bhiwadi, Rajasthan. The company owes...
- NCLT directs tax department to return TDS to bankrupt Precision FastenersThe liquidator of the company had approached the Mumbai bench of the National Company Law Tribunal (NCLT) to recover about Rs 1 crore deduc...
- NCLT asks I-T dept to remit TDS back to the bankrupt precision fastenersThe liquidator of the company had approached the Mumbai bench of the National Company Law Tribunal (NCLT) to recover about 1 crore deducted...
- PIL seeks appointment of Gujarat RERA Tribunal's Chairman, technical member“Since the function of the tribunal is purely judicial and adjudicatory, keeping in view the doctrine of separation of powers…, the governm...
- Bankruptcy court admits insolvency plea against Ahmadabad-based Bansal MultiflexAhmadabad-based Bansal Multiflex was incorporated in 2013 and it is in the business of trading of cloth, a different type of semi-furnished...
- Insolvency case: NCLT allows plea for private sale of ABG Shipyard assetsThe ruling by the dedicated bankruptcy court is expected to set a precedent in cases where the company is already admitted for liquidation ...
- Single-member bench cannot hear insolvency plea, rules NCLATIndore-based Indison Agro Foods Ltd, which is facing insolvency resolution, has argued in its case that the law requires the bench to consi...
- Time for Insolvency of airlines : Jet Airways a lesson!Regulators like DGCA and Ministry of Consumer affairs must take seat in COC and decide future for resolution.
- Gujarat Ambuja Exports faces insolvency petition at NCLTThe sum of non-repayments including interest cost is estimated to be Rs. 1.25 crore but it is the Insolvency Bankruptcy Code that empowers ...
- Markss Infotech files insolvency petition against Reliance NavalIn August, Reliance Group chairman Anil Ambani had said Reliance Naval had presented its lenders with a debt resolution plan and was awaiti...
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