Page 11 - Nclt

Liquor makers approach NCLAT, allege abuse of dominance by KSBC

Liquor industry bodies CIABC and ADBVI have approached the NCLAT alleging abuse of dominant position by the Kerala State Beverages (Manufacturing and Marketing) Corporation in the state

TVS SCS gears up for IPO; family settlement may get NCLAT nod in 6 weeks

TVS Supply Chain Solutions, the logistics arm of $8.5-bn TVS Group, will launch a Rs 3,000-cr IPO sometime in 2022-23

Jaypee Infra: Suraksha group expects NCLT nod by March through IBC

Suraksha group said the company expects to get the approval of the NCLT by March to acquire Jaypee Infratech Ltd (JIL) through insolvency process and complete around 20,000 flats for homebuyers

NCLT to decide on rights issue plea against Trinity Alternative Investment

NCLAT has asked the Kolkata bench of NCLT to decide over the plea of SREI Infrastructure Finance against the rights issue of its subsidiary Trinity Alternative Investment Managers

NCLT adjourns Jio's petition seeking RCom's forensic audit reports

Lenders awaiting RCom's debt resolution since May 2018

Merger of two listed Jindal Stainless companies to spill over to FY23

NCLT yet to approve process; company filed first motion petition with tribunal nearly two years ago

NCLAT rejects petitions against Ola in alleged predatory pricing matter

NCLAT has rejected petitions filed by ride sharing players Meru and Fast Track Call Cab against Ola alleging predatory pricing ways and anti-competitive practices in Bengaluru market

NCLAT sets aside NCLT approval of Twin Star's resolution plan for Videocon

Remits matter back to Videocon's CoC for fresh bids; resolution plan approved was for only 4.15% of total outstanding claim amount and total hair cut to all creditors was 95.85%

Best of BS Opinion: Strengthening IBC, happy stories for new year & more

Here is the best of Business Standard's opinion pieces for Wednesday

GMR Infrastructure gets NCLT nod for demerger of non-airport business

GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors

Ministry proposes fixed timeline for NCLT, extended look-back period in IBC

The government has sought public comments on the proposal by January 13

Jalan-Kalrock consortium approaches NCLT to fast-track Jet resolution

The consortium said it plans to restart domestic operations at the earliest in 2022 as a full-service carrier

NCLT, NCLAT can encourage, not direct settlements under IBC: SC

The bench said that settlements have to be encouraged because the ultimate purpose of the IBC is to facilitate the continuance and rehabilitation of a corporate debtor

RBI retains three-member Advisory Committee of Reliance Capital

A day after NCLT admitted RBI's petition for insolvency resolution of Reliance Capital, the central bank on Tuesday said it has retained the three-member Advisory Committee to assist the newly appointed administrator of the crisis-ridden NBFC. The Mumbai bench of the National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank's plea to initiate insolvency resolution proceedings against Reliance Capital. Last month, the RBI had superseded Reliance Capital's board, citing defaults and governance issues. Upon admission of the petition, the RBI said it has decided that "the three-member Committee shall continue as the Advisory Committee" under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019. The Advisory Committee shall advise administrator Nageswara Rao Y in the operations of Reliance Capital Ltd during the corporate insolvency resolution process. The members of t

Reliance Capital says corporate insolvency resolution started against firm

Reliance Capital on Tuesday said the National Company Law Tribunal (NCLT) has admitted the case of the company for the corporate insolvency procedure

NCLT allows RBI's plea for bankruptcy proceedings against Reliance Capital

The bankruptcy tribunal has also confirmed the appointment of Y Nageswar Rao as the administrator of the company

Centre says taking all steps to strengthen National Company Law Tribunal

19 new members have been appointed at the tribunal recently

Gateway Distriparks' merger scheme gets NCLT nod, shares end flat

In Sept 2020, the firm announced a composite scheme of reverse merger to derive operational synergies and cost efficiencies and improve cash flow fungibility between the company and its arms

NCLT orders insolvency proceedings against MGF Developments

A two-member Delhi based bench of NCLT passed the order

Reliance Infra plans series of measures to prune group debt by March

As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family