Page 32 - Nclt

SC stays high court ruling, clears deck for NCLT order on Bhushan Power

Punjab and Haryana HC had asked firm's CoC and NCLT to give firms' ex-directors a hearing though principal bench of NCLT had already reserved its order on a resolution plan by JSW Steel

NCLT okays first resolution plan in realty; Oasis to invest in Vishwakarma

Sanjay Chugh, head of Chennai branch of Anarock Property Consultants, said the NCLT's okaying the resolution plan would boost the confidence in the sector

Two-thirds of lenders have voted for Dhanuka Laboratories' resolution

The banks are expecting a haircut of 35-40 per cent

Banks opting for one-time settlement as NCLT waiting time goes up

According to resolution professionals, the delay in admission in some cases can stretch up to 11 months, especially if there is an intervening application while the hearing for admission is on

NCLT approves Bharti Infratel-Indus Towers merger; Telecom Dept nod awaited

The mega tower company born from the merger will have an estimated 1.63 lakh towers in 22 telecom service areas in the country

NCLT orders initiation of insolvency process against Chennai-based Marg Ltd

Marg defaulted in repaying an outstanding amount of Rs 71.69 crore due and payable on April 24, 2018

David vs Goliath: Battle lines drawn between Hotel Leelaventure and ITC

The brewing corporate battle between ITC Ltd and Hotel Leelaventure would put the spotlight on the rights and the responsibilities of a player that is both lender and equity holder

Banks face higher provisions on resolution delays to big-ticket NCLT cases

These cases were in advanced stages of resolution, and their settlement was expected by the end of the March quarter of 2018-19

Govt moves NCLT seeking immunity for directors of IL&FS subsidiaries

The government expects a resolution to the crisis over the next four-five months.

NCLT yet to fire fully with over half of admitted cases still unresolved

Of the 1,484 cases admitted at the NCLT (up to end-December 2018) under the corporate insolvency resolution process (CIRP), 898 are yet to be resolved

NCLT helps recover Rs 800 bn in 2018; kitty may cross Rs 1 trillion in 2019

Tasked with a key job of helping recover unpaid corporate loans, the NCLT has helped resolve insolvency and bankruptcy proceedings involving more than Rs 80,000 crore in the year passing-by and the kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending. Plans are afoot to further strengthen the National Company Law Tribunal (NCLT) by increasing number of judges and benches and provide adequate infrastructure to fast-track the process, according to government officials. The new year will not only test the mettle of the Insolvency and Bankruptcy Code (IBC), but also of the NCLT and its appellate body NCLAT, as several high-profile cases need to be resolved -- Essar Steel (involving over Rs 80,000 crore alone) and Bhushan Power & Steel (about Rs 45,000 crore due to its lenders) are just a few, experts said. In 2018, over Rs 80,000 crore was recovered from various corporate debtors, which had defaulted payments, under the IBC through ...

NCLAT stays corporate insolvency proceeding against Eastern Coalfields Ltd

NCLAT has listed the matter on January 29 for further hearing

How NCLT Chennai's order may restrain the freedom of creditors' panel

Going by a recent order of the NCLT Chennai bench, in the case of Ashok Magnetics Limited, this critical aspect of the code is likely to be reviewed

With over 10,000 cases, manpower shortage, NCLT struggles with workload

While the sanctioned strength is 62 members, NCLTs across the country have only 28 members to hear all cases

Bring back court scrutiny of corporate schemes

Shifting jurisdiction to the corporate affairs ministry would be retrograde and indeed unconstitutional

Sunil Goel gets NCLT nod to inspect Omaxe holding firm's documents

Guild Builders is the holding company of Omaxe

NCLT could lose power to approve mergers and acquisitions in reform move

MCA likely to be given responsibility; aim is to let tribunal focus on company law, insolvency cases

Govt defers plan to set up special NCLT benches for insolvency cases

Eight courts were to be set up to exclusively deal with insolvency cases - three in Mumbai, two in New Delhi, and one each in Chennai, Kolkata and Hyderabad

Videocon insolvency pleas to be heard in single court: NCLT principal Bench

NCLT President Justice M M Kumar directed to transfer the insolvency petitions to one court headed by M K Shrawat

NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC

Of these resolution plans, at least 12 are being implemented, while four are being contested at NCLAT