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March 13, 2023 03:06 PM IST The pre-pack resolution is designed to speed up the resolution process with a deadline for submission of the plan set at 90 days and the next 30 days are fixed for the NCLT to approve it
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March 10, 2023 11:55 PM IST In the application filed before the Mumbai bench of the NCLT, the Resolution Professional (RP) has sought direction from the tribunal against the present and erstwhile directors of FRL "to contribute the amount to the company", Future Retail Ltd (FRL) said in a regulatory filing.
- March 10, 2023 08:59 PM IST
"Our resolution plan for Delhi One project has been approved by the NCLT. A Committee of Creditors (CoC) had approved our plan in 2019," Max Ventures and Industries Ltd MaxVIL MD and CEO Sahil Vachani said.
- March 08, 2023 03:01 PM IST
Experts say that after the stuck inventory is completed and distributed, it will boost the number of homes available in Noida and Greater Noida, which may trigger a temporary slowdown in real estate price rises in the region.
- March 07, 2023 06:44 AM IST
IPRS - the representative body of music owners and composers that collects royalty on behalf of artistes - had in January filed an insolvency plea against Zee for alleged non-payment of dues of around Rs 211 crore.
- March 05, 2023 03:10 PM IST
A two-member bench of the appellate tribunal upheld the order of the Bengaluru bench of the National Company Law Tribunal (NCLT), which on April 8, 2022, directed to initiate CIRP over the plea filed by its financial creditor Sunstar Hotels and Estates.
- March 01, 2023 09:30 AM IST
In the meeting held on November 20 last year it was decided that the last date for submission of resolution plans
for FRL was February 20 2023.
- February 24, 2023 10:06 AM IST
The ZEEL-SPIL merger may get delayed as NCLT accepts IndusInd’s petition
- January 20, 2023 11:51 AM IST
The proposed amendments formally recognise project-wise resolution and will ensure expeditious resolution of a stalled development without hampering the interests of homebuyers of other projects of a builder, say legal experts.
- January 18, 2023 03:37 PM IST
Counsels for the Committee of Creditors and RCap administrator said that the NCLT should not intervene in any process in which public interest is impacted.
- January 17, 2023 10:13 PM IST
he National Company Law Tribunal (NCLT) on January 12 had adjourned Torrent Investments' plea to challenge the Committee of Creditors (CoC)’s proposal to hold a second auction to January 16
- January 10, 2023 06:23 PM IST
The fact that applicants in a few Insolvency and Bankruptcy Code (IBC) code cases had to approach the courts to restrain lenders from considering bids that were made after the deadline is shameful. Such bids should automatically be thrown out or delays will be endemic
- January 05, 2023 09:29 PM IST
The Wave Group’s Wave Mega City Centre Private Limited had filed for voluntary bankruptcy proceedings on March 26, 2021, leaving homebuyers in the lurch
- December 02, 2022 10:37 AM IST
Well intended they may be but harsh company law provisions disqualify directors for five years if their company has incurred certain financial defaults. It’s no surprise that directors jump ship at such companies, worsening their problems
- November 19, 2022 05:57 PM IST
On November 14, the National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings against BPTP Ltd, a leading real estate player in Delhi-NCR, on a petition filed by an operational creditor, RBCL Projects.
- November 15, 2022 04:48 PM IST
The government is looking to close loss-making units in nearly nine months from the day a firm seeks approval to do so.
- October 27, 2022 07:18 PM IST
Giving its ruling in the Ultratech Nathdwara Cement Ltd case, the Ahmedabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) observed that the revenue department has no proper guideline as to what stand is to be taken in a case where the proceedings under the Insolvency and Bankruptcy Code (IBC) is in progress before NCLT/NCLAT or at higher forum.
- September 29, 2022 07:20 AM IST
Going by the pace at which insolvency petitions are admitted and cases are resolved, the wait for thousands of JAL homebuyers may only get prolonged.
- September 20, 2022 06:52 PM IST
Our specially curated package of the most interesting articles to help you stay at the top of your game
- September 13, 2022 11:08 PM IST
The case was filed by homebuyers of CHD Vann residential project in Sector 71.
- August 24, 2022 02:11 PM IST
The latest petition is filed against Future Enterprises by Retaail Detailz India, claiming default of Rs 4.02 crore before the Mumbai bench of the National Company Law Tribunal (NCLT).
- August 17, 2022 09:39 AM IST
The petition has been filed at the Allahabad bench of the National Company Law Tribunal, an exchange filing said
- August 09, 2022 08:27 PM IST
Financial creditor Realpro Realty Solutions slaps Section 7 of Insolvency and Bankruptcy Code on the realtor which constructs builder flats in Delhi for Rs 5-crore default
- July 20, 2022 06:42 PM IST
With the NCLT order, banks can now formally initiate insolvency proceedings against Future Retail and try to recover the more than Rs 5,300 crore owed to them.
- July 20, 2022 03:22 PM IST
Vijaykumar V Iyer of Deloitte will be appointed as the interim resolution professional of Future Retail, the NCLT has said
