Page 34 - Nclt

SC junks PIL to declare that NCLT cannot act as appellate authority

Supreme Court has declined to entertain a PIL seeking to declare NCLT cannot act as an appellate authority to decisions of the top court and find flaws so as to circumvent the "rule of law" laid down

Bankruptcy award: Why Videocon's oil & gas biz could come into focus

Why the group's oil and gas business could come into focus in the controversy over the bankruptcy award

NCLAT stays NCLT's nod to Twinstar's resolution plan for Videocon Group

Development follows an appeal by Bank of Maharashtra, a dissenting creditors. Matter is slated to be heard on September 9

Comply with order once moratorium ends

NCLT Mumbai Bench's moratorium order was effective from December 3, 2018, to May 2, 2020.

Banks may encounter legal hurdles in invoking personal guarantees

Experts say most promoters don't register assets under their names

NCLAT stays liquidation of Three C Homes; asks NCLT to consider options

The National Company Law Appellate Tribunal has set aside NCLT's direction to liquidate Three C Homes and ordered that other options be considered for resolution of the debt-ridden realty firm.

95% Jet staff must consent to Kalrock-Jalan proposal or lose benefits

Voting on the consortium's offer for employees and workmen began on Monday and will go on till August 4

Brazen gaming of bankruptcy process on

According to the data from the Insolvency and Bankruptcy Board of India (IBBI), in over 363 major NCLT resolutions since 2017, banks have taken an average loss of 80 per cent

Financial creditors to take 95% haircut on Rs 7,800 cr Jet Airways dues

Jalan-Kalrock to pay only Rs 385 crore; NCLT asks govt to make slots available for new owners in order to successfully revive the airline

Devas will pursue its rights in courts around the world: Matthew D McGill

The only urgency is coming from the Indian government, which has taken outrageous actions to evade payment of the award, and expropriate Devas, says McGill

Making sense of crisis-hit Jet Airways' juggle for key airport slots

The Kalrock-Jalan consortium, whose proposal got the NCLT nod, hopes to restart Jet Airways as a full service airline with 25-30 aircraft

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr

NCLAT declines US firm's plea against Piramal group's bid for DHFL

The NCLAT termed the plea "premature", given that it approached the appellate tribunal without getting a decision on its petition filed before the Mumbai Bench of the NCLT

Suraksha group beats NBCC India in close race to buy Jaypee Infratech

It's a photo finish with Suraksha getting 98.66% votes, while NBCC gets 98.54%

CoC rejects DHFL's proposal for raising payout to small investors

The Mumbai Bench of the NCLT approved Piramal Group's resolution plan for the beleaguered DHFL on June 7.

Long haul ahead

Jet Airways revival will be a challenge for new owners

NCLT clears Kalrock-Jalan resolution plan for Jet Airways with riders

NCLT rejects demand for historicity of slots

Top headlines: Bitcoin sinks below $30,000; Hero MotoCorp to hike prices

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NCLT to pass order on Kalrock-Jalan's plan for Jet Airways revival today

The airline suspended operations in April 2019 and is under insolvency for nearly two years

Jet Airways shareholders reject FY19 and FY20 accounts ahead of NCLT ruling

Institutional investors lead rejection brigade as Naresh Goyal abstains; proposal to appoint Sharp and Tannan as statutory auditors approved