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HDFC

NCLT Approves HDFC Twins Merger

HDFC expects the merger process to be effective from the third quarter of the next financial year as the RBI approvals are a lengthy process

18 March 2023

Homebuyers Say NCLT Order On Jaypee Infratech Case Is Holi Gift

The Corporate Insolvency Resolution Process (CIRP) against JIL started in August 2017 over an application filed by an IDBI Bank-led consortium

07 March 2023

National Company Law Tribunal (NCLT)

Tribunal Admits Zee Learn For Resolution On Yes Bank Plea

A two-member bench of the Mumbai NCLT said the application made by the financial creditor Yes Bank is complete in all respects as required by law

13 February 2023

NCLT Approves GAIL's Resolution Plan

NCLT Approves GAIL's Rs 2,079 Crore Resolution Plan For JBF Petrochemicals

The other secured lenders of the company are Union Bank of India, Bank of Baroda, Exim Bank and Indian Overseas Bank, among others

15 March 2023

Zee Entertainment Shares Fall 6% Despite NCLAT Staying Insolvency Proceedings

In volume terms, 7.12 lakh shares of the firm were traded on the BSE and over 2.32 crore shares on the NSE during the day

27 February 2023

RCL is the third large NBFC against which the central bank has initiated bankruptcy proceedings under IBC

Torrent Sweetens Bid For Reliance Capital By Maxing Upfront Cash Payment

Ahmedabad-based Torrent Group is offering to pay the entire bid amount of Rs 8,640 crore as upfront cash

07 January 2023

Jaiprakash Associates Ltd Approaches NCLAT Against NCLT Order On Jaypee Infratech

As per the NCLAT cause list, the matter between JAL and JIL is scheduled for hearing on Tuesday before a two-member bench of the National Company Law Appellate Tribunal (NCLAT)

14 March 2023

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IDBI Bank Files Insolvency Plea Against Zee Entertainment To Recover Rs 150 Crore

IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update from the media major

15 December 2022

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23 October 2022
HC Directs Centre To Decide On Establishing Separate Complex For NCLT, NCLAT In 8 Weeks

HC Directs Centre To Decide On Establishing Separate Complex For NCLT, NCLAT In 8 Weeks

A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said that the authorities shall also comply with the undertakings given by them.


15 October 2022
HDFC-HDFC Bank Merger: NCLT Approves Shareholders' Meet

HDFC-HDFC Bank Merger: NCLT Approves Shareholders' Meet

The shareholder meeting will be convened on November 25, 2022 for the purpose of considering and approving the Scheme of Amalgamation, HDFC said in a...


24 September 2022
Interim Resolution Professionals Don't Have Time For Bankrupt Companies They Are Supposed To Help

Interim Resolution Professionals Don't Have Time For Bankrupt Companies They Are Supposed To Help

While strict tribunal judges have become stricter following instances of dereliction of duties by Interim Resolution Professionals, the latter claim they waste...


07 September 2022
NCLT Directs Zee To Convene Shareholders Meeting On Its Merger With Sony On Oct 14

NCLT Directs Zee To Convene Shareholders Meeting On Its Merger With Sony On Oct 14

Passing an order, the Mumbai bench of the NCLT had on August 24 directed to call a meeting of the equity shareholders of Zee Entertainment to consider the...


26 July 2022
JSW Energy Gets NCLT Nod To Acquire 700 Megawatt Utkal Project

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...


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12 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...


05 July 2022
RBI Gives Green Signal To HDFC, HDFC Bank Merger Proposal

RBI Gives Green Signal To HDFC, HDFC Bank Merger Proposal

Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued...


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...


07 June 2022
Delhi Gymkhana Club's Erstwhile Management Members Challenge Govt Taking Over Control

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


06 June 2022
Future Retail: NCLT To Hear Amazon's Petition Opposing Insolvency Proceedings On June 10

Future Retail: NCLT To Hear Amazon's Petition Opposing Insolvency Proceedings On June 10

A plea seeking initiation of insolvency resolution proceedings against FRL was filed by Bank of India (BoI), the lead banker in the consortium of lenders to...


31 May 2022
Implementation Of Jet Airways Resolution Plan Subject To Outcome Of Order: NCLAT

Implementation Of Jet Airways Resolution Plan Subject To Outcome Of Order: NCLAT

While hearing a batch of petitions against the NCLT order approving Jet Airways' resolution plan, a two-member bench of the National Company Law Appellate...


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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.  


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


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...


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