Page 47 - Nclt

Investors in fear as commercial disputes treated as criminal complaint: CII

Prime Minister Narendra Modi last week said the government is working to decriminalise some provisions of the Companies Act to make it easier to do business in the country

Tribhovandas Bhimji Zaveri & Sons files for bankruptcy after NCLT order

TBZSR's creditors have been asked to submit their claims to the interim resolution professional by January 3

Former IL&FS directors got lucrative paychecks even as firm collapsed

Arun K Saha, erstwhile joint MD & chief executive officer (CEO), took home a hefty remuneration of Rs 6.88 crore for FY19. He was also a whole-time director of the subsidiaries and group companies.

Jet Airways' insolvency resolution extended by 90 days as bidders seek time

On Thursday, Synergy Group Jet Airways' sole potential bidder had sought more time to take a decision on investing in the grounded airline

Don't delay decision on reviving Jet Airways, NCLT tells Synergy Group

The South American group had failed to provide a resolution plan before December 16 deadline due to uncertainty on airport slots

NCLT directs Jet Airways lenders to expedite decision on fresh EOIs

The RP on December 17 had told the tribunal that until now two investors have shown interest in the airline

Will certainly consider investors' plan for Jet's rescue: DGCA to NCLT

The NCLT will hear the Synergy Group on Thursday about the company's clarifications on its stand on the airport slots.

GAIL, GETCO move NCLT seeking rejection of ArcelorMittal's Essar Steel bid

Aggrieved by ArcelorMittal's resolution plan, GAIL and GETCO filed separate interlocutory applications in the Ahmedabad-bench of NCLT

Gangwal vs Bhatia: Onus on InterGlobe board to sort issue, say experts

Most legal experts said that to come out of the current situation, InterGlobe Aviation needs to expand the size of its board of directors

CG Power fraud: Thapar cites board approvals, denies fund misuse charges

CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.

NCLT to hear Omaxe Group's Hyderabad property case on January 9

The order for status quo can be seen as a victory for Sunil Goel, former Joint MD of the company, who had moved the NCLT against the sale of 25-acre project at Kokapet, Hyderabad

NCLAT stays NCLT directive making MCA party in all insolvency cases

The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order

Govt moves NCLAT against NCLT order making MCA party in all IBC cases

The appellate tribunal is expected to hear the case on Friday

10,860 cases under IBC pending before NCLT at the end of Sept

The minister said that out of 18,782 cases filed under IBC, 2016 at the end of June 2019, 2,173 cases were admitted under the Code

NCLT admits insolvency plea moved by RBI against debt-laden DHFL

DHFL is the first financial services firm that will undergo insolvency proceedings at the NCLT

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion

Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT

Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust

IL&FS case: NCLT turns heat on CEOs of Axis, Standard Chartered Bank

Bankers, NCLT said, failed to appear in the case relating to the IL&FS fraud despite repeated notices from the ministry of corporate affairs

Be present in next IL&FS hearing or face arrest: NCLT to Axis, StanC CEOs

The Mumbai NCLT on Monday issued an ultimatum to the CEOs of Axis Bank and Standard Chartered Bank to be personally present at the next hearing, failing which it will direct the authorities to issue nonbailable warrants against them in a case relating to the IL&FS case. An NCLT bench headed by Bhaskara Pantula Mohan issued the ultimatum while hearing a contempt petition against Amitabh Chaudhry and Zarin Daruwala of Axis Bank and StanChart India, respectively, for not being personally attending the hearings so far. The tribunal has fixed the next date of hearing on December 16 and asked Chaudhry and Daruwala to be present. The bench noted that both these bankers never presented themselves before the bench since the issue surfaced last December. The case relates to these banks allowing ex-head of ILFS Financial Services Ramesh Chandra Bawa and his family withdraw money from their accounts with these banks and also accessing the lockers even after these accounts were ..

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL