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Latest Articles in NCLT

No Illicit Transactions With Srei Group: Trinity Alternative Investments

The Srei group launched Trinity as a Sebi-registered AIF in 2005 and in mid-2020, sold 49 per cent stake to the Singaporean fund Payaash Capital

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NCLT Orders Insolvency Proceedings Against MGF Developments

The Vilas Condominium Association, consisting of homebuyers having 327 units, had alleged the amount of Interest-Bearing Maintenance Security (IBMS) collected from them has not been refunded to them.

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RBI Supersedes Reliance Capital Board, All Set To Approach NCLT

The move by the RBI came after Reliance Capital defaulted on several repayment fronts to its creditors. Apart from that, the regulator also found several serious corporate governance errors.

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YES EGM Plea Doesn't Meet Statutory Requirement: Dish TV To NCLT

YBL has already sent notice to call an EGM of the DTH service provider after it had proposed to postpone the AGM.

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Srei Group Expects Delay In Q2 Results On Insolvency Order

Listed companies are required to submit their standalone and consolidated financial results to stock exchanges within 45 days of the end of a quarter, in this case, within November 14, 2021.

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GAIL Can Buy IL&FS’s Stake In OTPC: NCLT

The Tripura power project was set up to use locally produced natural gas which was otherwise economically unviable to transport gas.

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Adani Power Gets NCLT Green Signal To Acquire Essar's 1,200 MW Mahan Project In MP

The acquisition shall be subject to satisfaction of conditions precedent mentioned under the Resolution Plan, it stated.

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Reliance Gets NCLT Permission To Seek Creditors' Nod For Proposed Future-Retail Deal

The Mumbai bench of NCLT, led by Suchitra Kanuparthi, allowed the application by Reliance Retail's creditors and shareholders to convene meetings to seek approval for the deal. NCLT's detailed order in the matter is awaited.

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ZEEL To File The Reply On EGM By October 22: ZEE-Invesco Battle

NCLAT had directed NCLT to give sufficient time to ZEEL to reply to Invesco's demand

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NCLT Admits Insolvency Pleas Against 2 SREI Group Firms, Appoints Administrator

The order was passed in the open court and a detailed order is awaited, which would be uploaded on the website.

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NCLT Directs Zee Entertainment To File Reply To Invesco Plea By Oct 22

The Mumbai bench of NCLT, comprising Bhaskara Pantula Mohan and Narendra Kumar Bhola, directed Zee Entertainment Enterprises (ZEEL) to file its reply by October 22 for further consideration.

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NCLT Asks Zee Entertainment To File Reply On Invesco Plea By Oct 7

The tribunal said the matter of the dispute is simple - whether the extraordinary general meeting (EGM) requisition is valid or not and it cannot give Zee Entertainment Enterprises ''weeks and weeks'' of time for filing its reply to the same

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Future Gets NCLT Go-Ahead To Conduct Shareholders Meeting For Deal With Reliance

Confirming the development, a Future group firm through a regulatory filing informed that NCLT has passed an order, allowing the company to hold meetings of its shareholders and creditors to seek approval for the scheme.

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Jet Airways To Resume Domestic Services From Early 2022

The National Company Law Tribunal (NCLT) in June this year had approved the Jalan Kalrock Consortium's resolution plan for Jet Airways, two years after the once-storied full-service carrier went into insolvency proceedings.

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NCLT Directs Freezing, Attaching Assets Of Videocon Promoters

The tribunal also gave its permission to MCA to write to the state governments and the Union Territories to identify and disclose all details of immovable properties owned or held by the Videocon promoters.

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