Nclt

Jaiprakash Associates stock to delist on June 18; all you need to know

JAL is being delisted following its acquisition by Adani Group through insolvency, and as per the resolution plan approved by the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj.

NCLT declares Congress' Naseer Ahmed insolvent over ₹1,455 cr loan default

Naseer and his family argued that they had not provided a direct guarantee to the banks, and insolvency proceedings could not be initiated against them

NCLT admits SBI's personal insolvency plea against Anil Ambani

A division bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar admitted the application through an oral order

NCLT admits SBI's plea to start insolvency process against Anil Ambani

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code

NCLT-approved resolution plans under insolvency code decline to 225 in FY26

Resolution plans approved under the Insolvency and Bankruptcy Code declined in FY26, while recoveries against admitted claims dropped sharply, raising concerns over resolution outcomes

Decade on, IBC still has miles to go despite stronger framework

A decade after the IBC transformed India's debt recovery framework, mounting delays and falling recoveries are testing the reform's effectiveness

Apollo HealthCo eyes Q1FY27 breakeven amid group restructuring plans

Apollo HealthCo is expected to achieve cash breakeven by Q1FY27 as Apollo Hospitals advances a restructuring plan involving demerger and merger of key units

NCLT allows withdrawal of insolvency process against ATS Le Grandiose

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code

Plea in SC alleges fake citations in NCLT order on Essel insolvency

A plea in the Supreme Court alleges non-existent citations in an NCLT order admitting Essel Infraprojects to insolvency, raising concerns over judicial integrity.

Class action suit against Jindal Poly Films to be heard by Principal Bench

NCLT Special Bench adjourns hearing, citing jurisdiction; Sebi seeks time for rejoinder as minority shareholders move intervention applications

Renault moves NCLT to restructure India ops, eyes €2 bn exports by 2030

French automaker moves tribunal to streamline India structure, boost exports to €2 billion annually by 2030, and strengthen the country's role as a key manufacturing hub

Plea against NCLT acting president appointment infructuous: Delhi HC

The Delhi High Court on Thursday said the petition by an NCLT technical member challenging the appointment of Bachu Venkat Balaram Das as acting president was infructuous in view of the Centre appointing a former high court judge to the post of the tribunal's president. A bench of Justices C Hari Shankar and O P Shukla noted that the Centre has cleared the appointment of Justice Anupinder Singh Grewal, former judge of the Punjab and Haryana High Court, as the president of the National Company Law Tribunal (NCLT). "With that, this writ petition which deals with the post of acting president of NCLT has been rendered infructuous," the bench said, as it closed the proceedings on the petition by Kaushalendra Kumar Singh. On April 29, the Centre notified the appointment of Justice Grewal as NCLT president for five years with effect from the date of assumption of charge or till attaining the age of 67 years, whichever is earlier. In the high court, Singh contended that the law mandates th

SC flags 'grim' delays in NCLT clearing insolvency resolution plans

The Supreme Court has taken suo motu cognisance of delays in NCLT approvals, warning that prolonged timelines could undermine the objectives of the Insolvency and Bankruptcy Code

IBC clock stalls: Supreme Court flags NCLT's nearly two-year lag

Top court raises concerns over prolonged pendency of resolution plan approvals, asks NCLT and IBBI to furnish nationwide data on delays and backlog

Vedanta revised JAL bid after learning evaluation standing: Lenders

Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process

IBC overhaul aims to cut delays and boost recoveries: Icra report

IBC amendments introduce a creditor-led fast-track insolvency route, tighten timelines and reduce procedural bottlenecks to improve recoveries and speed up resolutions

NCLT issues notice on Sebi plea in Jindal Poly Films class action

Tribunal seeks responses from company, flags exit of original petitioners after share sale and considers intervention pleas in ongoing class action

Mahagun Group secures ₹225 crore from CSL Finance to speed up delivery

Mahagun Group raises Rs 225 crore from CSL Finance to accelerate construction and improve liquidity, following its recent exit of Blackstone-backed ASK Property Fund

Better cash recovery and track record kept Adani ahead in JAL race

NCLT clears Adani Enterprises' ₹15,000 crore JAL plan despite lower bid, spotlighting IBC's shift from highest offer to recovery certainty

Enabling environment: Proposed amendments to laws will facilitate business

One of the amendments proposes that the auditor or audit firms of a prescribed class of companies will not provide any non-audit services to the company or its holding or subsidiary companies