Page 2 - Nclt Resolution
More value to be discovered, NCLT has usurped powers of CoC: Reliance
The lenders of Reliance Capital have submitted before the National Company Law Appellate Tribunal (NCLAT) that the Committee of Creditors (CoC) of the corporate debtor Reliance Capital Ltd
 "More value to be discovered, NCLT has usurped powers of CoC: Reliance")
Ready for talks to settle Murugappa family dispute: Valli Arunachalam
Eldest daughter of former Murugappa Group exec chairman M V Murugappan was the one who had taken family members to NCLT
 "Ready for talks to settle Murugappa family dispute: Valli Arunachalam")
Resolution plan submitted before NCLT can't be modified or withdrawn: SC
The Supreme Court on Monday held that CoC approved resolution plan submitted to the National Company Law Tribunal (NCLT) cannot be modified or withdrawn as it would create another tier of negotiations
 "Resolution plan submitted before NCLT can't be modified or withdrawn: SC")
IBC reform helps insolvency professional assess avoidance transactions
Recent amendments by the Insolvency and Bankruptcy Board place the insolvency professional at the fulcrum of the resolution process.
 "IBC reform helps insolvency professional assess avoidance transactions")
NCLT approves Haldia Petrochemicals scheme to revive Nagarjuna Oil Corp
Haldia Petro is planning to invest around Rs 50,000 cr to convert this refinery into a petrochemical complex
 "NCLT approves Haldia Petrochemicals scheme to revive Nagarjuna Oil Corp")
NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures
The National Company Law Tribunal has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh
 "NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures")
Reliance Communications' resolution in limbo as DoT raises objection
Plan approved by lenders leaves nothing for dept; NCLT adjourns hearing
 "Reliance Communications' resolution in limbo as DoT raises objection")
Consumer complaints should go to RERA before NCLT, say builders
About 450 real estate companies/projects across the country are facing insolvency proceedings under IBC because of default in the delivery of projects to homebuyers as well as repayment of bank loans
 "Consumer complaints should go to RERA before NCLT, say builders")
NCLT clears shoemaker's resolution plan, move to benefit 2,000 workers
According to the plan, AceStar Properties will develop 10.15 acres of land where its factory is located into a residential and commercial property, following the regulations, and generate an estimated
 "NCLT clears shoemaker's resolution plan, move to benefit 2,000 workers")
No need for shareholder nod if NCLT clears resolution plan
According to the IBC, once the resolution professional places the approved plan before the NCLT, a call is taken on whether it can be implemented or not
