Page 27 - Nclt

Will certainly consider investors' plan for Jet's rescue: DGCA to NCLT

The NCLT will hear the Synergy Group on Thursday about the company's clarifications on its stand on the airport slots.

GAIL, GETCO move NCLT seeking rejection of ArcelorMittal's Essar Steel bid

Aggrieved by ArcelorMittal's resolution plan, GAIL and GETCO filed separate interlocutory applications in the Ahmedabad-bench of NCLT

Gangwal vs Bhatia: Onus on InterGlobe board to sort issue, say experts

Most legal experts said that to come out of the current situation, InterGlobe Aviation needs to expand the size of its board of directors

CG Power fraud: Thapar cites board approvals, denies fund misuse charges

CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.

NCLT to hear Omaxe Group's Hyderabad property case on January 9

The order for status quo can be seen as a victory for Sunil Goel, former Joint MD of the company, who had moved the NCLT against the sale of 25-acre project at Kokapet, Hyderabad

NCLAT stays NCLT directive making MCA party in all insolvency cases

The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order

Govt moves NCLAT against NCLT order making MCA party in all IBC cases

The appellate tribunal is expected to hear the case on Friday

10,860 cases under IBC pending before NCLT at the end of Sept

The minister said that out of 18,782 cases filed under IBC, 2016 at the end of June 2019, 2,173 cases were admitted under the Code

NCLT admits insolvency plea moved by RBI against debt-laden DHFL

DHFL is the first financial services firm that will undergo insolvency proceedings at the NCLT

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion

Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT

Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust

IL&FS case: NCLT turns heat on CEOs of Axis, Standard Chartered Bank

Bankers, NCLT said, failed to appear in the case relating to the IL&FS fraud despite repeated notices from the ministry of corporate affairs

Be present in next IL&FS hearing or face arrest: NCLT to Axis, StanC CEOs

The Mumbai NCLT on Monday issued an ultimatum to the CEOs of Axis Bank and Standard Chartered Bank to be personally present at the next hearing, failing which it will direct the authorities to issue nonbailable warrants against them in a case relating to the IL&FS case. An NCLT bench headed by Bhaskara Pantula Mohan issued the ultimatum while hearing a contempt petition against Amitabh Chaudhry and Zarin Daruwala of Axis Bank and StanChart India, respectively, for not being personally attending the hearings so far. The tribunal has fixed the next date of hearing on December 16 and asked Chaudhry and Daruwala to be present. The bench noted that both these bankers never presented themselves before the bench since the issue surfaced last December. The case relates to these banks allowing ex-head of ILFS Financial Services Ramesh Chandra Bawa and his family withdraw money from their accounts with these banks and also accessing the lockers even after these accounts were ..

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL

Can empathy reduce the probability or impact of crisis?

Picking out the emerging risks, planning for a quick response and packing empathy in the response are the three must-dos to protect reputation

NCLT asks Kwality lenders to reconsider Haldiram's Rs 145-cr revised offer

On November 2, the CoC had rejected Haldiram Snacks' Rs 142 crore resolution plan

Bank moves NCLT to initiate insolvency proceedings against McLeod Russel

Sources said the hearing on this matter will come up next month

NCLAT sets aside Dhanuka's resolution plan for debt-laden Orchid Pharma

NCLT had approved Dhanuka's resolution plan on June 25, 2019

Jaypee Infratech lenders to meet on Nov 18, comply with SC direction

Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm

NCLAT quashes Apeejay Tea insolvency proceedings; board's powers reinstated

On October 18, 2019 the Kolkata bench of the NCLT had admitted an insolvency plea of an operational creditor of Apeejay Tea claiming dues