Wednesday, Aug 10, 2022
Outlook.com

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

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 2019 to recover outstanding dues...

13 July 2022
NCLT Cannot Exercise Power To Initiate Insolvency Proceedings Arbitrarily: SC

NCLT Cannot Exercise Power To Initiate Insolvency Proceedings Arbitrarily: SC

The top court said if a corporate debtor opposes the initiation of insolvency proceedings on the ground that it has a money award in its favour and the awarded...

12 July 2022

Delhi Gymkhana Club's Erstwhile Management Members Challenge Govt Taking Over Control

A plea challenging the order has been filed before the National Company Law Appellate Tribunal (NCLAT) by Major Atul Dev and six other petitioners

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.

16 May 2022

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.  

Advertisement
11 May 2022
Deadline To Submit Reliance Capital Resolution Plans Extended Till June 30

Deadline To Submit Reliance Capital Resolution Plans Extended Till June 30

Reliance Capital has eight businesses that are on the block. These include general insurance, life insurance, health insurance, securities business and asset...


28 April 2022
NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.


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.


25 April 2022
Future Group To Focus On Saving, Rebuilding Future Lifestyle, Future Supply Chain & Future Consumer

Future Group To Focus On Saving, Rebuilding Future Lifestyle, Future Supply Chain & Future Consumer

Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process...


Advertisement

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...


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement