Page 13 - National Company Law Tribunal

Jet Airways extends deadline for submitting initial bids to Aug 10

The last date has been extended as potential bidders sought additional time, resolution professional Ashish Chhawchharia said

The Jet Airways insolvency case brings to fore grey areas in aviation law

One of the issues is how long the airline can enjoy rights over its parking slots at airports

If not quashed, Essar Steel ruling can unravel India's insolvency reform

The ruling can make credit costs for India Inc. surge, shares of state-run banks swoon and foreign investors flee

IBC process: Two fresh bids for Nagarjuna after NCLT rejects liquidation

Unlike other assets undergoing insolvency resolution, NOCL is not in operation and, hence, does not earn any revenue

Litigation hurdles abound for RBI-recommended insolvency cases at NCLT

There have been a few strong bids for some of the biggest stressed assets: Bhushan Steel, Bhushan Power & Steel, and Electrosteel Steels

NCLT refuses Srei Infra's claim for inclusion in committee of creditors

Hyderabad, 16 November: Hyderabad bench of National Company Law Tribunal(NCLT) on Thursday dismissed Srei Infra Finance Limited's petition against removal of its name from the committee of creditors in the ongoing insolvency resolution process of Deccan Chronicle Holdings(DCHL).Earlier, Srei Infra challenged the removal of its name by the Interim Resolution Professional(IRP) from the committee of creditors that was constituted as part of the insolvency resolution process initiated by the bench in July.IRP had justified the decision on the grounds that being a share-holder in DCHL Srei can not be a part of the committee of creditors under the law.While delivering the judgement in Srei petition, the bench has also vacated the interim orders it had issued on the ongoing proceedings in DCHL case at the time of admitting the petition three months ago. "The bench has dismissed the petition of Srei with regard to its demand for inclusion in the committee of creditors today. We are waiting ..

Making company law tribunal more effective

NCLT president's optimism has to be supported by action on ground

Come what may, stick to law: NCLT President tells Company Secretaries

National Company Law Tribunal constituted last month, has replaced Company Law Board

NCLT: Still a long way to go

Better physical infrastructure and efficiency of technical members will determine the success or failure of the National Company Law Tribunal in providing a speedier corporate dispute redressal mechanism