Saturday, May 25, 2019
Jaypee: Homebuyers' complaints under Consumer Protection Act maintainable during Insolvency proceedings, Supreme Court Shruti Mahajan April 19 2019 The Supreme Court has upheld the judgment of the National Consumer Disputes Redressal Commission (NCDRC) against Jaiprakash Associate Limited (JAL) on the issue of maintainability of consumer complaints before...
Supreme Court settles insolvency proceedings against Mack Soft Tech Varun Marwah April 8 2019   The Supreme Court has allowed settlement of insolvency proceedings against Mack Soft Tech Pvt Ltd, based on an application filed by group company, Quinn Logistics India Ltd. Quinn Logistics was the holding company...
SBI does well to challenge the NCLAT in Essar Steel case By: Sunil Jain | Published: April 1, 2019 7:07 PM The Committee of Creditors is empowered to decide & the law is clear that secured creditors get priority; why ask it to reconsider its...
Sterling Biotech: NCLT sees violation of Sec 29(A) that bars re-entry of promoters IANS 28 March 2019 0   The National Company Law Tribunal (NCLT) in the Sterling Biotech case for the second time has questioned the motive of lenders, led by Andhra Bank...
NCLAT seeks details of IL&FS dues A two-member bench headed by Chairman Justice S J Mukhopadhaya also clarified that there was no stay on the government to proceed with the resolution plan for IL&FS companies. PTI@moneycontrolcom The National Company Law Appellate Tribunal...
NCLAT gives conditional nod to ArcelorMittal's resolution plan for Essar Steel Aditi Singh March 18 2019 The National Company Law Appellate Tribunal today gave a conditional nod to ArcelorMittal’s resolution plan for debt-ridden Essar Steel. Stating that there was no stay on the ArcelorMittal’s resolution plan, the...
Tribunal Approves ArcelorMittal's Rs. 45,000 Crore Essar Steel Takeover Plan NCLT on Friday approved AreclorMittal's Rs. 45,000 crore resolution plan for the insolvent Essar Steel. Corporates | Indo-Asian News Service | Updated: March 08, 2019 19:33 IST The National Company Law Tribunal's Ahmedabad bench (NCLT) on Friday approved AreclorMittal's Rs. 45,000 crore...
51% required for initiating forensic audit of corporate debtor: NCLT Varun Marwah March 7 2019 The Hyderabad Bench of NCLT has ordered a forensic audit for Viceroy Hotels, which runs JW Marriot and the Courtyard in Hyderabad. Asset Reconstruction Co (India) Ltd (Arcil) had initiated insolvency...
Another insolvency petition against Bhushan Steel, dismissed Varun Marwah March 1 2019 Bhushan Steel, first one of the 12 large cases to be successfully resolved and taken over by Tata Steel last year, faced yet another insolvency petition recently. An operational...
NCLAT quashes NCLT order against ECL IANS  |  Kolkata Last Updated at February 14, 2019 21:25 IST The National Company Law Appellate Tribunal (NCLAT) has set aside the National Company Law Tribunal (NCLT) Kolkata bench's order to start insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of Coal India,...
Essar Steel case: NCLT concludes hearing on Arcelor's plan, reserves order Written submissions from all sides including ArcelorMittal, Committee of Creditors and Resolution Professional have been invited by February 18 Vinay Umarji  |  Ahmedabad Last Updated at February 14, 2019 20:54 IS ALSO...
ArcelorMittal must wait more for Essar Steel resolution; NCLT defers bankruptcy verdict again By: Prachi Gupta | Published: February 12, 2019 12:49 PM The Ahmedabad branch of the National Company Law Tribunal (NCLT) is now expected to give its verdict on ArcelorMittal’s resolution plan for...
SC suspects cartelisation as Amrapali's 5-star hotel unsold at auction The top court said that it is "shocking and disturbing" that bankers are not coming forward to finance the properties.PTI  |  Updated: February 12, 2019, 08:23 IST   NEW DELHI: Taking strong exception to...
Essar Steel resolution: Ruias move NCLAT In January, the NCLT had rejected the Ruias’ plea for placing an offer for resolution of Essar Steel, promoted by the latter. Written by Indu Bhan |New Delhi |Published: February 12, 2019 1:37:35 am Meanwhile, the...
National Company Law Tribunal in Chennai pulls up banks for rejecting plea The resolution plans of the debtor had been rejected without application of mind. Published: 25th November 2018 08:06 AM  |   Last Updated: 25th November 2018 08:06 AM  |  A+A A- By Express News Service CHENNAI : A Bench of the...
Standard Chartered challenges ArcelorMittal’s Essar Steel bid again Standard Chartered has alleged that Essar Steel’s lenders illegally sought a discriminatory resolution plan with ArcelorMittal outside the purview of the Insolvency and Bankruptcy Code Last Published: Mon, Nov 26 2018. 08 34 PM...
GAIL Moves NCLT Seeking Rejection Of ArcelorMittal’s Bid For Essar Steel PTI@PTI_News November 19 2018, 4:20 PMNovember 19 2018, 4:20 PM GAIL (India) Ltd. and Gujarat Energy Transmission Corp. have moved the National Company Law Tribunal seeking rejection...
SC to hear petitions on RBI circular on insolvency proceedings on Nov 28 The central bank had said that all lenders would be required to put in place Board-approved policies IANS  |  New Delhi Last Updated at November 16, 2018 21:39 IST The Supreme...
The National Company Law Appellate Tribunal (NCLAT) has today approved Ultratech Cement’s revised resolution plan for debt-ridden Binani Cement. “In exercise of powers conferred by Section 31 of the ‘I&B Code’ read with order of remand by the Hon’ble Supreme Court, we...
EDL: NCLT names resolution professional With the appointment of the IRP—V Venkata Siva Kumar—the company has entered the long list of firms going through the time-bound resolution process under the Insolvency and Bankruptcy Code. Published: 09th November 2018 06:50 AM  |   Last Updated: 09th...