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National Company Law Tribunal Nclt

NCLT Approves GAIL Indias Acquisition Of IL&FS 26% Stake In ONGC Tripura Power Company

IMC Constituted To Supervise NARCL Resolution Plan For Srei Group Firms

The NCLT also cleared the features of the approved resolution plan in compliance with the requirements of the listing regulations, SIFL said in a regulatory filing

17 August 2023

Zee Entertainment

Zee Entertainment Shares Rally 16% After NCLT Approves Merger With Sony India

NCLT’s Mumbai bench said that the deal must not be held ransom by the case pending with market regulator SEBI

10 August 2023

Go First

Go First Crisis: NCLT Asks Go First RP To Ensure Protection Of Engine Lessors’ Assets, Says Report

Ever since the Go First crisis broke out, the engine and aircraft lessors have been demanding a return of their assets

16 June 2023

National Company Law Tribunal (NCLT)

Future Retail Resolution Professional Moves NCLT To Seek Extension Of Insolvency Deadline Till Sept 15

The RP of the company has moved an application before the Mumbai bench of NCLT to exclude a period of 29 days from CIRP of Future Retail Ltd, according to a regulatory filing

17 August 2023

Go First

Go First Insolvency: NCLT Directs RP To File Details On Recent Developments

A two-member bench of NCLT, comprising Mahendra Khandelwal and Rahul P Bhatnagar, directed the resolution professional (RP) to file an additional affidavit in the next 10 days, including the status of the maintenance of the...

05 August 2023

Reliance Capital

Reliance Capital Lenders To Vote On Hinduja Firm IIHL’s Resolution Plan

Hinduja Group’s Indusind International Holdings Ltd (IIHL) submitted a comprehensive plan that was presented to Reliance Capital lenders on Friday

09 June 2023

National Company Law Tribunal (NCLT)

NCLT Approves Zee-Sony Merger, Paves Way For Creation Of $10 Bn Media Giant

Both media houses approached the tribunal for sanctioning the merger after obtaining permissions from National Stock Exchange, BSE and sectoral regulators such as the Competition Commission of India and the Securities and...

10 August 2023

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Go First

NCLT Issues Notice To Go First Resolution Professional On Delhivery Plea

The airline took payments despite knowing that it was filing for voluntary insolvency before NCLT, Delhivery said

09 June 2023

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07 June 2023
Jaiprakash Associates Defaults On Rs 3,961-Crore Loans On May 31

Jaiprakash Associates Defaults On Rs 3,961-Crore Loans On May 31

In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on repayments of a principal amount of Rs 1,600 crore and...


15 May 2023
Go First Insolvency: NCLAT To Pass Order On Aircraft Lessors' Petitions On May 22

Go First Insolvency: NCLAT To Pass Order On Aircraft Lessors' Petitions On May 22

A two-member bench of the tribunal reserved its order on Monday


10 May 2023
Go First Gets Major Relief As NCLT Admits Its Plea

Go First Gets Major Relief As NCLT Admits Its Plea

The airliner Go First had suspended the sale of tickets till May 15, and has cancelled flights till May 19.


08 May 2023
Go First Asks NCLT To Take Early Decision On Its Voluntary Insolvency Resolution Plea

Go First Asks NCLT To Take Early Decision On Its Voluntary Insolvency Resolution Plea

Go First, which has been flying for more than 17 years, has suspended the sale of tickets till May 15


08 May 2023
Go First Bankruptcy: NCLT To Hear Two Insolvency Pleas Against Go First Today

Go First Bankruptcy: NCLT To Hear Two Insolvency Pleas Against Go First Today

Since Go First has been going through a massive financial crunch, the Wadia Group-owned airline hopes to resolve some problems through insolvency proceedings


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09 March 2023
Jaypee Infra Insolvency: Suraksha Group To Infuse Rs 250 Crore, Arrange Rs 3k Crore Loan To Complete 20,000 Flats

Jaypee Infra Insolvency: Suraksha Group To Infuse Rs 250 Crore, Arrange Rs 3k Crore Loan To Complete 20,000 Flats

In a regulatory filing on Wednesday, Jaypee Infratech shared specific features and details of the Resolution Plan as approved by the NCLT under the Insolvency...


24 February 2023
Zee Entertainment Insolvency: NCLAT To Hear Punit Goenka’s Appeal Today After Cry For Relief, Report

Zee Entertainment Insolvency: NCLAT To Hear Punit Goenka’s Appeal Today After Cry For Relief, Report

Zee Entertainment Insolvency: As per a formal statement from Zee Entertainment Enterprises Ltd., Punit Goenka appealed the NCLAT on February 23 in an effort to...


24 February 2023
After Insolvency Reports, NSE Removes Zee Entertainment From F&O Segment

After Insolvency Reports, NSE Removes Zee Entertainment From F&O Segment

Since Zee Entertainment has been admitted by the bankruptcy board for insolvency proceedings, no fresh month contracts will be issued on expiration of February...


23 February 2023
NCLT Admits IndusInd Bank’s Insolvency Plea Against Zee Entertainment: Report

NCLT Admits IndusInd Bank’s Insolvency Plea Against Zee Entertainment: Report

Two separate applications have been filed by IndusInd bank against Zee, based on which the NCLT has admitted two of Essel Group’s listed companies for...


18 January 2023
NCLAT Sets Aside Delhi's Civic Body's Plea To Initiate Insolvency Against MEP Infra Developers

NCLAT Sets Aside Delhi's Civic Body's Plea To Initiate Insolvency Against MEP Infra Developers

A three-member bench has upheld the order of the Mumbai-based bench of the National Company Law Tribunal (NCLT) after observing that there are pre-existing...


13 January 2023
NCLT Approves Jet Airways Ownership Transfer To Jalan Kalrock Consortium; Gives More Time To Pay Dues

NCLT Approves Jet Airways Ownership Transfer To Jalan Kalrock Consortium; Gives More Time To Pay Dues

The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer of ownership and the second one related to...


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12 January 2023
NCLT Directs Reliance Capital Lenders, Administrator To Reply On Torrent Investments' Plea By January 16

NCLT Directs Reliance Capital Lenders, Administrator To Reply On Torrent Investments' Plea By January 16

Torrent Investments—one of the bidders for the Anil Ambani-promoted Reliance Capital—has offered Rs 8,640 crore to acquire the firm through the insolvency...


10 January 2023
NCLAT Upholds Removal Of Resolution Professional Of Shree Ram Urban Infra

NCLAT Upholds Removal Of Resolution Professional Of Shree Ram Urban Infra

The appellate tribunal also directed the Insolvency and Bankruptcy Board of India to conduct an enquiry against the RP and take appropriate steps in accordance...


07 January 2023
NCLT Admits Insolvency Plea Against Future Supply Chain Solution 

NCLT Admits Insolvency Plea Against Future Supply Chain Solution 

Besides the plea by DHL Ecommerce, FSCSL was also facing insolvency petitions filed by two other operational creditors


03 January 2023
NCLT Stays Reliance Cap Resolution Process On Torrent's Plea

NCLT Stays Reliance Cap Resolution Process On Torrent's Plea

The stay order was issued by the National Company Law Tribunal (NCLT) as the Ahmedabad-based Torrent Group challenged the revised bid from Hinduja Group


03 January 2023
Indian Performing Right Society Moves NCLT Against Zee Entertainment

Indian Performing Right Society Moves NCLT Against Zee Entertainment

IPRS authorises use of copyrighted music by users by issuing them licences and collect royalties on behalf of IPRS members -- authors, composers and publishers...


02 January 2023
Lenders To Meet On Tuesday To Discuss Bids For Reliance Capital's Acquisition

Lenders To Meet On Tuesday To Discuss Bids For Reliance Capital's Acquisition

Ahmedabad-based Torrent Group submitted a bid of Rs 8,640 crore for acquiring the NBFC firm set up by the Anil Ambani Group


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