National Company Law Tribunal

Thursday, Apr 18, 2024 | Last Update : 02:23 PM IST

National Company Law Tribunal

The Delhi Gymkhana Club. Photo: delhigymkhana.org.in

Mohan Guruswamy | Elite clubs bastions of hereditary entitlement

After the white man departed, these clubs turned into a preserve of the new Indian elite -- many called them the 'brown sahibs'

01 Feb 2021 7:17 AM

Dilip Cherian | Gymkhana divided on suspension of ex-babu

Its elections are a hotly contested affair, often leading to accusations of use of 'illegal' and 'unlawful' means between the contestants

17 Dec 2020 8:56 AM

We direct the committee of creditors to take a decision to float expression of interest (EoIs). We direct them to expedite the process, the Mumbai bench of the National Company Law Tribunal (NCLT) said. (Photo: Representational/AFP)

Expedite decision on fresh EOIs: NCLT to Jet Airways lenders

The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.

19 Dec 2019 7:24 PM

Jaypee Infratech's financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm Jaypee Infratech under insolvency process, according to sources.

Jaypee Infra jumps over 9 pc on CoC nod for NBCC bid

Shares of Jaypee Infratech were trading 9.26 per cent higher at Rs 1.77 apiece on the BSE.

18 Dec 2019 12:45 PM

Homebuyers are advised to reach out to their respective lending institutions to seek necessary guidance for additional borrowing or revival of their existing home loans within the existing legal and regulatory framework and standard board approved policies of the lending institutions, said the frequently asked questions (FAQs) issued by the finance ministry in this regard. (Representational image)

Rs 25,000-cr fund not for projects with cases pending in higher courts: Govt

Homebuyers can approach banks for loan revival, advised the Governmant.

07 Nov 2019 5:52 PM

Karnataka High Court stays insolvency move against Flipkart

The NCLT accepted the petition filed by Mumbai-based CloudWalker Streaming Technologies, an LED TV supplier to Flipkart.

07 Nov 2019 4:45 AM

It is not a very happy situation. There is a feedback...threshold approach has to be looked at, Corporate Affairs Secretary Injeti Srinivas.(Photo: File)

Govt mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.

14 Oct 2019 10:18 PM

Amid continuing efforts to deal with corporate misdoings and strict actions being initiated against erring entities under the companies law, Corporate Affairs Secretary Injeti Srinivas said there is a lot of introspection happening at the level of boards of companies. (Photo: File)

Enforcement actions have generated 'lot of soul searching' at cos: Srinivas

In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS scam, among others.

12 Aug 2019 5:40 PM

We have requested the government for infusion. The government will decide as to how to be given (it to) the bank, said Syndicate Bank MD Mrutyunjay Mahapatra.

Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

12 Aug 2019 5:06 PM

The airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees. (Photo: File)

Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airline

The debt-laden company became went into bankruptcy on June 20.

28 Jun 2019 5:06 PM

The insolvency tribunal also rejected judgement by the Netherlands court on Jet's liquidation.

NCLT admits bankruptcy plea against Jet Air

The first status report will have to be filed by July 5.

21 Jun 2019 3:23 AM

After a highly volatile trading day, the scrip skyrocketed 93.35 per cent to close at Rs 64 on the BSE, helped by robust fag end buying.

Unprecedented rally in Jet Airways shares; zoom over 122 pc

At the NSE, shares rose by 122.20 per cent to close at Rs 73.55.

20 Jun 2019 6:57 PM

Despite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE. (Photo: AFP/File)

Jet Airways shares bounce back; zoom 19 per cent

In the last 13 trading days, shares of Jet Airways have tumbled 78 per cent.

20 Jun 2019 12:57 PM

In 2017, Jaypee Infratech went into insolvency process after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking revival of the realty firm.

Jaypee Infra insolvency: Creditors decide to vote on NBCC bid from Friday

As many as 13 banks and over 23,000 home buyers have voting rights in CoC. Buyers have nearly 60 per cent votes.

30 May 2019 3:03 PM

A two-member bench headed by President Justice M M Kumar said ICICI Bank has already raised the similar claims against its corporate guarantor Era Infra Engineering, which is currently going through Corporate Insolvency Resolution Process (CIRP).

NCLT dismisses ICICI insolvency plea against Hyderabad Ring Road Projects

NCLT made an observation that there was 'duplicacy of the claims' of ICICI.

27 May 2019 7:35 PM

ITC now holds a 7.92 per cent stake in Hotel Leelaventure.

ITC moves NCLT against Leelaventure

The Mumbai bench of the National Company Law Tribunal posted the matter for hearing on Wednesday.

24 Apr 2019 1:18 AM

Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementation of insolvency. (Representational Image)

SC ruling does not disturb creditors' rights to insolvency proceedings, says Sahoo

In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself, IBBI's Sahoo said.

07 Apr 2019 6:51 PM

"The court has said that power of RBI under Section 35AA has to be exercised in certain manner. The validity of section 35AA of the Banking Regulation Act 1949 stands and henceforth we have to comply with the direction of Supreme Court and act accordingly," Shaktikanta Das said.

SC ruling: RBI to come out with fresh circular on resolution of bad loans

Supreme Court had on Tuesday quashed RBI circular that pertains to provisions for referring the defaulter to NCLT.

04 Apr 2019 1:06 PM

Corporate Affairs Secretary Injeti Srinivas said that personal insolvency should be approached carefully and in a planned manner. (Representational Image)

Over 12,000 cases filed since implementation of insolvency law, says govt

Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.

26 Mar 2019 12:42 PM

"The appropriate order be passed on an early date preferably within two weeks from the date of the production of the copy of this order," the NCLAT order added.

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider Rs 4K-cr plan by Sanghi, others

"The case is remitted to NCLT, Mumbai to approve the plan..." said NCLAT in its order.

24 Mar 2019 4:52 PM

1 of 3

Columns

Syed Ata Hasnain