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National Company Law Tribunal

National Company Law Tribunal (NCLT)

NCLT Approves Demerger Of Financial Services Unit Of Reliance

Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL)

06 July 2023

PVR Shareholders, Creditors To Meet On October 11 To Consider Merger With INOX

This comes after the Mumbai bench of the National Company Law Tribunal (NCLT) on August 22 directed PVR to call a meeting

09 September 2022

JSW Energy Gets NCLT Nod To Acquire 700 Megawatt Utkal Project

JSW Energy on Tuesday said the National Company Law Tribunal has approved its proposal to acquire Ind-Barath Energy (Utkal) Ltd which is developing a 700 MW thermal power project in Odisha

26 July 2022

Zee Entertainment announced its merger with Sony Pictures India today. Hotstars integration with Disney particularly helped the latter in adding paid subscriptions. Will Zee and Sony have the same story to tell?

Zee Entertainment Shares Tumble Over 14% In Intra-Day; Recover Most Of The Lost Ground At Close

In volume terms, 26.67 lakh shares were traded on the BSE and over 7.65 crore shares on the NSE during the day

23 February 2023

JSW Steel Outlays Rs 20,000 Crore Capex For FY23: CMD Sajjan Jindal

According to a regulatory filing on Monday, Jindal addressing a shareholder's query said: "The total planned capex for the next three years is Rs 48,700 crore, which includes Rs 20,000 crore planned for this current...

08 August 2022

Source: Shutterstock

Jet Airways Appoints Former Go First Executives As Heads Of Network Planning, Revenue Management

Financial distress forced Jet Airways, which flew for more than two decades, to suspend operations on April 17, 2019, and a consortium of lenders, led by the State Bank of India (SBI), filed an insolvency petition in June...

13 July 2022

OYO Writes To NCLT Seeking Action Against

OYO Writes To NCLT Seeking Action Against "Erring" FHRAI Executive Committee Members

An email sent to the Federation of Hotel & Restaurant Associations of India (FHRAI) seeking comments did not elicit a response

05 January 2023

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PVR-INOX Merger Gets Clearance From Stock Exchanges

The combined entity will be named PVR INOX Ltd with the branding of existing screens to continue as PVR and INOX

22 June 2022

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15 June 2022
Supreme Court Adjourns Plea Challenging Notification Fixing Tenure Of Members Of NCLT

Supreme Court Adjourns Plea Challenging Notification Fixing Tenure Of Members Of NCLT

A vacation bench of Justices J K Maheshwari and Hima Kohli asked Solicitor General Tushar Mehta to submit two sets of resolutions of the committee headed by...


16 May 2022
Government Puts Pawan Hans Sale On Hold Over NCLT Order Against Winning Consortium Member

Government Puts Pawan Hans Sale On Hold Over NCLT Order Against Winning Consortium Member

Pawan Hans is a 51:49 joint venture of the government and ONGC. The government had in December last year received three bids for the Pawan Hans sale.


14 May 2022
Future Retail's Chief Financial Officer C P Toshniwal Resigns

Future Retail's Chief Financial Officer C P Toshniwal Resigns

Toshniwal's resignation is the recent addition to the string of resignations that started after the Rs 24,713-crore deal was called off last month by the...


13 May 2022
Ashni Biyani Resigns As MD Of Future Consumer

Ashni Biyani Resigns As MD Of Future Consumer

The company, a flagship firm of the Kishore Biyani-led Future Group, now faces an insolvency petition filed by its lenders before the National Company Law...


13 May 2022
After Biyani & Ambani, Bezos Wages War Against Bank Of India For Future Retail Deal

After Biyani & Ambani, Bezos Wages War Against Bank Of India For Future Retail Deal

NCLT will hear Amazon’s plea on June 6, while last week it had directed FRL to respond to BoI’s bankruptcy charges.  


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26 April 2022
Jindal Stainless Steel-JSHL Merger Approved By Shareholders, Creditors

Jindal Stainless Steel-JSHL Merger Approved By Shareholders, Creditors

The two companies convened meetings of their respective shareholders and creditors for approving the Scheme of Arrangement between the two firms


25 April 2022
Yes Bank Files Plea For Insolvency Proceedings Against Zee Learn

Yes Bank Files Plea For Insolvency Proceedings Against Zee Learn

The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial facility is Rs 468 crore.


24 April 2022
Future Lifestyle Fashions Chairperson Shailesh Haribhakti Resigns

Future Lifestyle Fashions Chairperson Shailesh Haribhakti Resigns

Haribhakti had chaired meetings of shareholders and creditors of Future Group entities that were called to vote on the Rs 24,713 crore deal with Reliance...


20 April 2022
Supertech Insolvency Case: Lender Asks Better Settlement Plan, 'Definite Upfront Payment' Of Dues

Supertech Insolvency Case: Lender Asks Better Settlement Plan, 'Definite Upfront Payment' Of Dues

After the NCLT order for insolvency proceedings, the promoters of Supertech Ltd challenged the ruling before the National Company Law Appellate Tribunal...


28 March 2022
Allegations Made In NCLT Petition Downright Untruthful, Says Max Group Chairman

Allegations Made In NCLT Petition Downright Untruthful, Says Max Group Chairman

According to some media reports, his wife Neelu Analjit Singh has filed a petition before the NCLT alleging "diversion and siphoning” off of funds by her...


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