Insolvency Case Of Deccan Chronicle Holdings
NCLT holds back approval of DCHL resolution plan to resolve IDBI grievance
IDBI claims it has got a raw deal in the plan; matter to come up for hearing to February 19
 "NCLT holds back approval of DCHL resolution plan to resolve IDBI grievance")
Deccan Chronicle Holdings gets 87 days more for insolvency resolution
According to IBC norms, restructuring a company has to conclude within 180 days after NCLT admits an insolvency case
 "Deccan Chronicle Holdings gets 87 days more for insolvency resolution")
NCLT admits Canara Bank's insolvency plea against Deccan Chronicle group
Hyderabad 19 July: Ending a five-year long wait for the lenders of Deccan Chronicle Holdings Limited(DCHL), National Company Law Tribunal(NCLT)'s Hyderabad bench on Wednesday ordered the appointment of Interim Resolution Professional(IRP) and also imposed moratorium for the liquidation of the debt-laden media company. The bench has passed the orders in an insolvency petition filed by public sector Canara Bank under section 7 of Insolvency and Bankruptcy Code(IBC), 2016 based on its loan outstanding claim of Rs 723.75 crore from the corporate creditor.Except in a handful of cases where the lenders were able to take possession of certain properties of the company by invoking Sarfaesi Act, the Rs 4,000-crore debt taken from a large number of banks and financial institutions remained largely unpaid ever since the company's existing management for the first and the last time had disclosed the magnitude of its financial obligations way back in 2012.On July 13 the NCLT bench comprising ...
 "NCLT admits Canara Bank's insolvency plea against Deccan Chronicle group")
NCLT adjourns insolvency case against Deccan Chronicle Holdings to July 19
BS ReporterHyderabad, 13 July: Hyderabad bench of the National Company Law Tribunal(NCLT) on Thursday heard the arguments in a petition seeking the initiation of corporate insolvency process against Deccan Chronicle Holdings Limited(DCHL). The bench has adjourned the matter, pending the issuance of orders, to July 19. Last week NCLT had admitted the petition of Canara Bank, one of the financial creditors of the debt-laden company, filed under section 7 of Insolvency and Bankruptcy Code(IBC), 2016.The bank is seeking orders for appointment of Interim Resolution Professional(IRP) and imposition of moratorium that are required to initiate the insolvency process. The bench had admitted the petition while rejecting the corporate debtor's plea for dismissal of the petition on the grounds that the petitioner had established a prima facie case in seeking action under IBC,2016 pertains to an outstanding debt of Rs 723.75 crore claimed by the creditor. The bench did not agree with the argument .
 "NCLT adjourns insolvency case against Deccan Chronicle Holdings to July 19")