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Latest Articles in NCLT

Max India to explore rewarding shareholders via capital reduction

Max India to explore rewarding shareholders via capital reduction

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Max India Sets Record Date As June 15 After NCLT Approves Demerger

The merged entity will continue to use the current brand name Max Healthcare with appropriate adjustments to its logo.

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NBCC Submits Revised Resolution Plan For Jaypee Infratech

On November 6, the Supreme Court had directed completion of corporate insolvency resolution process within 90 days and said the revised resolution plan will be invited only from NBCC and Suraksha Realty.

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Personal Insolvency Framework Start Of A ‘New Learning’, Says IBBI Chief MS Sahoo

The lender may pursue a remedy against the guarantor or the corporate debtor, partnership firms and proprietorship firms, and other individuals

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NCLAT Directs NCLT Ahmedabad To Take Call On ArcelorMittal’s Essar Steel Bid By March 8

The NCLAT directive came while hearing an application filed by ArcelorMittal whose ₹42,000-crore takeover proposal of Essar Steel has been approved by the CoC, and is pending before the NCLT for approval

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Malvinder Forged Wife's Signature, Says Brother Shivinder Singh

In a petition filed before NCLT, Former Fortis Healthcare promoter Shivinder Singh has alleged that his brother Malvinder forged his wife's signature to execute illegal financial transactions

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Lavasa Corporation Set To Face Insolvency Proceedings Today

NCLT admits lenders' plea against Lavasa Corporation under the insolvency and bankruptcy code.

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A Power Packed Punch

Move over, Avengers. India’s very own superhero is here. With the new and powerful IBC, bankers and lenders are beginning to show a new-found belief in the bankruptcy norms

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Mistry Doesn't Have A “Shred Of Paper” As Evidence Against Venkataramanan: NCLT

NCLT said such scurrilous statements were made by Mistry and the petitioners “with impunity flouting all legal principles” and without producing even a “shred of paper” as evidence

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NCLT Approves Tata Steel Bid For Bhushan Steel

The bench comprising NCLT President Justice M M Kumar and S K Mohapatra also dismissed the plea of engineering and construction major L&T seeking higher priority in recovery of loan and imposed a fine of Rs 1 lakh

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Ex-Pilot Moves NCLT To Initiate Insolvency Proceedings Against AI

Seeking initiation of insolvency proceedings against AI, Kumar alleged that the airline had deducted substantial amount of salary, allowances and benefits payable to him and also failed to pay him the salary for January, 2016

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Bankers Decide To Refer 22-23 Large NPA Accounts To NCLT

The regulator in August had asked bankers to refer these cases to the National Company Law Tribunal (NCLT) if they failed to find a resolution by December 31

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Left In The Lurch?

6,500 of the 32,000 flats purchased were delivered at Jaypee Wish Town

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McD Not Quite On Track

15 crore rupees could be the loss in revenue to McDonald’s India operations

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