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  • Videocon insolvency case: Dhoots offer to pay Rs 30,000 crore to lenders Oct 21, 2020 05:28 PM IST

    Videocon insolvency case: Dhoots offer to pay Rs 30,000 crore to lenders

    The settlement offer has been made for 13 out of the 15 Videocon group companies that are currently under CIRP.

  • Former Cox & Kings employees say they now drive autorickshaws or sell fish, juices and vegetables for a living Oct 21, 2020 03:43 PM IST

    Former Cox & Kings employees say they now drive autorickshaws or sell fish, juices and vegetables for a living

    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

  • Oaktree Capital offers Rs 28,000 crore for entire DHFL portfolio: Report Oct 19, 2020 03:51 PM IST

    Oaktree Capital offers Rs 28,000 crore for entire DHFL portfolio: Report

    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

  • 3-Point Analysis | Jet’s resolution plan passed. Will the airline take off again? Oct 19, 2020 12:38 PM IST

    3-Point Analysis | Jet’s resolution plan passed. Will the airline take off again?

    Will Jet Airways take off again? Let’s find out in this edition of 3-Point Analysis

  • Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-off Oct 18, 2020 07:59 PM IST

    Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-off

    DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227.

  • Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund Oct 13, 2020 10:02 AM IST

    Exclusive | At least 13 Delhi-NCR projects accorded final approval under SWAMIH Fund

    A majority of the projects considered for stress funding had RERA and NCLT cases pending against them

  • Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case Aug 27, 2020 01:37 PM IST

    Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case

    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.

  • NCLT order on SBI-ADAG case: Banks target personal guarantees to chase high-profile loan defaults Aug 21, 2020 07:28 PM IST

    NCLT order on SBI-ADAG case: Banks target personal guarantees to chase high-profile loan defaults

    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.

  • Rs 1200-crore loan default case: NCLT allows appointment of RP in SBI’s case against Anil Ambani Aug 21, 2020 12:38 PM IST

    Rs 1200-crore loan default case: NCLT allows appointment of RP in SBI’s case against Anil Ambani

    A spokesperson of Anil Ambani has said the company is reviewing the NCLT order and taking advice on filing appropriate appeal against appointment of RP.

  • The uphill task of getting refunds from bankrupt airlines and tour operators Jul 30, 2020 09:09 AM IST

    The uphill task of getting refunds from bankrupt airlines and tour operators

    While the NCLT takes care of secured creditors and employees, consumers have to travel a long road to recover their pending dues

  • NCLAT directs Bharti Airtel, Bharti Hexacom to pay Rs 112 crore to Aircel Jul 14, 2020 07:30 PM IST

    NCLAT directs Bharti Airtel, Bharti Hexacom to pay Rs 112 crore to Aircel

    Bharti Airtel and Bharti Hexacom had paid Rs 341 crore to Aircel and Dishnet Wireless but had retained Rs 112 crore to set off the dues owed by Aircel entities to Airtel entities.

  • NCLAT upholds NCLT order to initiate insolvency against HDIL, rejects Rakesh Wadhwan's plea Jul 14, 2020 06:30 PM IST

    NCLAT upholds NCLT order to initiate insolvency against HDIL, rejects Rakesh Wadhwan's plea

    Earlier on August 20, 2019, the Mumbai bench of National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings against HDIL, after allowing the insolvency plea filed by Bank of India, claiming default of a loan of Rs 522 crore by the realty firm.

  • NCLT approves Deccan Value Investors' bid for Amtek Auto Jul 11, 2020 06:51 PM IST

    NCLT approves Deccan Value Investors' bid for Amtek Auto

    The tribunal observed that the resolution plan submitted by DVI fulfils all the requirements of regulations of the corporate insolvency resolution process and has been approved by the Committee of Creditors (CoC).

  • I-T exemption on buying shares at discounted price in firms under insolvency proceedings Jun 30, 2020 07:40 PM IST

    I-T exemption on buying shares at discounted price in firms under insolvency proceedings

    The Central Board of Direct Taxes (CBDT) through a notification said the exemptions would come into effect from April 1, 2020, and shall be applicable for the assessment year 2020-21 and thereafter.

  • NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore Jun 30, 2020 07:27 PM IST

    NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore

    The public sector lender had approached the tribunal under Section 97(3) of the Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional (RP) to assess and submit a report on the assets owned by Ambani.

  • NCLT allows Jet Airways to sell office in Bandra Kurla Complex Jun 15, 2020 10:40 AM IST

    NCLT allows Jet Airways to sell office in Bandra Kurla Complex

    Jet Airways' insolvency resolution professional Ashish Chhawchharia had moved the NCLT to seek approval to sell its third and fourth floor in Godrej BKC building to clear overseas debt to transfer the title of six aircraft under Export-Import Bank of the US to the corporate debtor, which would help in maximising value of the defunct airline.

  • NCLT approves Aircel resolution plan even as ARC offers only 1.5% of Rs 20,000 crore bank dues: Report Jun 10, 2020 02:38 PM IST

    NCLT approves Aircel resolution plan even as ARC offers only 1.5% of Rs 20,000 crore bank dues: Report

    Aircel had submitted an application under Section 10 of the IBC in February 2018 after it failed to repay loans

  • NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt May 27, 2020 07:00 PM IST

    NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

    The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

  • NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters May 25, 2020 03:50 PM IST

    NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters

    Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".

  • Govt to decriminalise most violations of Companies Act: Nirmala Sitharaman May 17, 2020 04:05 PM IST

    Govt to decriminalise most violations of Companies Act: Nirmala Sitharaman

    This reform reduces the strain on National Company Law Tribunal which is currently over-burdened. It will reduce timing compliance cost for smaller firms otherwise it takes years to get rid of minor violations.

  • NCLT cancels summer vacation this year, to hear cases May 07, 2020 04:20 PM IST

    NCLT cancels summer vacation this year, to hear cases

    Several judicial bodies and quasi-judicial bodies have also cancelled their summer vacations as they were closed during the lockdown and were disposing only urgent matters through video conferencing.

  • After a bout with NCLT, this stock has rallied over 1700% in 3 months May 07, 2020 09:17 AM IST

    After a bout with NCLT, this stock has rallied over 1700% in 3 months

    Despite the sharp run-up, analysts feel that the scrip still has some steam left.

  • NCLT transfers eight members with immediate effect May 01, 2020 04:35 PM IST

    NCLT transfers eight members with immediate effect

    The tribunal has a strength of 23 Judicial members including its Acting President and 25 technical members, as per NCLT website.

  • Delhi Gymkhana: One of India’s most elite clubs has again sparked a bitter takeover battle Apr 25, 2020 05:56 PM IST

    Delhi Gymkhana: One of India’s most elite clubs has again sparked a bitter takeover battle

    While disagreements in the management of the Delhi Gymkhana is hardly breaking news, things had never reached the pass it did this week when the central government moved a petition seeking a change of management.

  • Coronavirus impact: Real estate sector to incur loss of Rs 1 lakh crore Apr 09, 2020 05:31 PM IST

    Coronavirus impact: Real estate sector to incur loss of Rs 1 lakh crore

    Naredco seeks a $200 billion package from the government to kick-start the economy. Affordable housing to make a comeback first; Property prices may fall by 10-15 per cent.

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