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Delhi High Court

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.

23 October 2022

National Company Law Tribunal (NCLT)

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 merger, said a statement from the media major


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 amount exceeds the debt, then NCLT “would have to exercise its...


HDFC

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 regulatory filing on Friday. 

15 October 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


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 at about $40 billion, creating a financial services titan

05 July 2022

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 productive time awaiting their case hearing

24 September 2022

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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 the Chief Justice of India.

15 June 2022

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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...


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...


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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...


15 April 2022
Debt Recovery Via Insolvency Cases At 31%; 47% Cases Liquidated: Report

Debt Recovery Via Insolvency Cases At 31%; 47% Cases Liquidated: Report

The data which covers all the cases since the implementation of the Insolvency and Bankruptcy Code (IBC) five years ago till December 2021 reflects very slow...


30 March 2022
Supertech Insolvency: What Should Homebuyers Do To File Claim

Supertech Insolvency: What Should Homebuyers Do To File Claim

Homebuyers affected by the Supertech Insolvency will need to file their claims with the insolvency resolution professional by April 8 in order to be a part of...


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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...


13 March 2022
Gail Declares Record Dividend For FY22

Gail Declares Record Dividend For FY22

The total dividend payout will be Rs 2,220.19 crore with a record date of March 22, the company said in a statement


23 February 2022
Zee Entertainment Moves NCLT For Dismissal Of IndusInd Bank's Insolvency Plea

Zee Entertainment Moves NCLT For Dismissal Of IndusInd Bank's Insolvency Plea

IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm


30 January 2022
NCLAT Sets Aside NCLT Order To Consider 2nd Offer By DHFL's Former Promoter

NCLAT Sets Aside NCLT Order To Consider 2nd Offer By DHFL's Former Promoter

The appellate tribunal observed that NCLT has passed directions to consider the second proposal from Wadhwan, despite the fact that the CoC of DHFL had already...


23 January 2022
Suraksha Group Expects NCLT Nod By March To Acquire Jaypee Infratech Limited

Suraksha Group Expects NCLT Nod By March To Acquire Jaypee Infratech Limited

 On Sunday, the Suraksha group held a two-hour-long webinar to address the concerns of homebuyers, who are stuck across various projects of the JIL at Noida...


10 December 2021
Dept Of Telecommunications Moves NCLAT Against Videocon Resolution Plan

Dept Of Telecommunications Moves NCLAT Against Videocon Resolution Plan

The Department of Telecommunications in its petition to the NCLAT demanded setting aside the NCLT order of June 8 which permitted Anil Agarwal's Twin Star...


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