May 04, 2021 11:47 AM IST
The admission of a corporate insolvency case can have serious consequences for the company, impacting its goodwill, reputation, daily operations, and management. It also open the doors for various creditors to file claims against the firm
- Apr 24, 2021 06:39 PM IST
NCLT Delhi issues notice to Ajnara India seeking response to decide on further course of action.
- Apr 24, 2021 05:37 PM IST
Rudra said under the pre-packaged insolvency resolution system, the government has given an opportunity for MSMEs to resolve their stress at an early stage while holding control over their business.
- Apr 08, 2021 03:02 PM IST
The NCLT plea had been filed by a Gurgaon hotelier, who had accused the company of defaulting on payments and violating an agreement. The NCLAT ruling has now halted a ruling by the Ahmedabad bench of the NCLT initiating corporate insolvency proceedings against the subsidiary, OHHPL.
- Mar 26, 2021 08:00 PM IST
Earlier this month, Noida Authority had seized 1.08 lakh sq m land belonging to the Wave Mega City Centre located in the heart of Noida in Sector 32.
- Mar 25, 2021 04:15 PM IST
Very Small Aperture Terminal (VSAT) is used to provide satellite based telecom and internet access to individuals and enterprise users, and is utilised extensively by banks and ATMs.
- Mar 08, 2021 08:59 PM IST
In the absence of a court exercising exclusive jurisdiction over matters relating to insolvency, the corporate debtor would have to file and/or defend multiple proceedings in different fora.
- Mar 05, 2021 10:57 PM IST
The administrator of the company received an initial report from the transaction Auditor, indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing.
- Mar 04, 2021 07:46 PM IST
Jet Airways shuttered operations in April 2019 after running out of cash and is currently a resolution process under the Insolvency and Bankruptcy Code (IBC).
- Feb 24, 2021 01:05 PM IST
The Kalrock-Jalan consortium was declared the winning bidder for Jet Airways by the creditors' committee in October last year.
- Feb 23, 2021 08:42 PM IST
On Monday, the tribunal had also rejected applications of five employee unions who had appealed to see the resolution plan.
- Feb 11, 2021 08:18 PM IST
On December 10, 2020, an MFA was executed among various members of the TVS family who are shareholders of T V Sundram Iyengar & Sons (TVSS), Sundaram Industries (SIPL), and Southern Roadways (SRW). The three firms are collectively referred to as the TVS holding companies.
- Jan 20, 2021 09:07 PM IST
The two-member NCLT bench termed the matter as 'exceptional' and having 'compelling circumstances' against the Delhi-based realty firm.
- Jan 18, 2021 03:09 PM IST
One of the key allegations described in the NCLT proceedings is fraudulent siphoning of a land parcel of approximately 4.88 acres in Okhla, Delhi from Emaar MGF to MGF Group.
- Dec 21, 2020 02:26 PM IST
The company said it will file the scheme with the National Company Law Tribunal (NCLT) within six months.
- Nov 15, 2020 06:12 PM IST
A two-member Principal bench of NCLT, headed by Acting President BSV Prakash Kumar, has approved the Rs 103.18 crore resolution plan by a consortium of Rishabh Verma and Shilendra Khirwar along with N-Homes.
- Oct 25, 2020 07:57 PM IST
Since investors have submitted poor bids, lenders are set to lose whopping Rs 68,000 crore against the total liabilities of Rs 95,000 crore, according to sources.
- Oct 21, 2020 05:28 PM IST
The settlement offer has been made for 13 out of the 15 Videocon group companies that are currently under CIRP.
- Oct 21, 2020 03:43 PM IST
Over 2,500 former employees of Cox and Kings who have not been paid salaries from June 2019 to October 2020 have moved the National Company Law Tribunal for unpaid dues
- Oct 19, 2020 03:51 PM IST
Oaktree Capital is said to have offered the highest recovery for lenders by far and maybe a natural choice. However, banks are planning to negotiate the offer higher and would hold discussions with the bidders over this week
- Oct 19, 2020 12:38 PM IST
Will Jet Airways take off again? Let’s find out in this edition of 3-Point Analysis
- Oct 18, 2020 07:59 PM IST
DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227.
- Oct 13, 2020 10:02 AM IST
A majority of the projects considered for stress funding had RERA and NCLT cases pending against them
- Aug 27, 2020 01:37 PM IST
Anil Ambani earlier moved the Delhi High Court against the appointment of a resolution professional (RP) on the personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from SBI.
- Aug 21, 2020 07:28 PM IST
Indian lenders after burning their fingers in the Vijay Mallya-Kingfisher Airlines case have been aggressive in chasing loan defaulters in cases where there is a personal guarantee by promoters.