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Latest Articles in NCLT

BoM Aims To Resolve 20-25 Stressed MSME Loans Under Pre-Packaged Resolution Process

Under a pre-packaged process, main stakeholders such as creditors and shareholders come together to identify a prospective buyer and negotiate a resolution plan before approaching the National Company Law Tribunal (NCLT).

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NBCC, Suraksha Group Submit Revised Bids For Jaypee Infratech

Buyers have 57.66 per cent voting rights, fixed deposit holders 0.13 per cent and lenders 42.21 per cent. For a bid to be approved, 66 per cent votes are required.

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NBCC, Suraksha Group Submit Revised Bids To Acquire Jaypee Infratech Through Insolvency

The NBCC got approval from the National Company Law Tribunal (NCLT) to acquire Jaypee Infratech and complete around 20,000 pending flats over the next three and half years.

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NCLT Initiates Insolvency Proceedings Against OYO Arm; Co Files Appeal

The creditors of OYO Hotels and Homes Pvt Ltd are called upon to submit their claims with proofs on or before April 15, 2021, to the interim resolution professional

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Reliance Gets Shareholders, Creditors Nod For Hiving Off O2C Business Into Separate Unit

RIL said 99.99 per cent of shareholders, who participated in the meeting held through video conferencing, voted in favour of the resolution.

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DHFL Auditor Grant Thornton Finds Another Fraud Of Rs 1,424cr

Of the total, the secured debt stands at Rs 74,054 crore and Rs 9,818 crore in unsecured debt. Most banks have declared DHFL accounts as non-performing assets.

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DHFL Stock Hits Upper Circuit On Filing Application With NCLT For Submission Of Resolution Plan

The stocks of DHFL hit its upper trading limit with a gain of 4.76 per cent at Rs 19.80 apiece on the bourses.

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NCLT Agrees To Hear Plea Alleging Mismanagement In Omaxe

The tribunal observed that the applicants including Sunil Goel are the shareholders, promoters and were directors of Omaxe Ltd and also have considerable shareholding and interest in its holding company Guild Builders.

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Emmar Cautions The Public Against Dealing With Tainted MGF Group For 'Okhla Land'

Emmar has a watertight case against MGF in NCLT regarding fraudulent siphoning of land parcel of approximately 4.8 acres in Okhla

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NCLT Mumbai Approves RIL Arm's Resolution Plan For Reliance Infratel

Reliance Communications' telecom infrastructure arm Reliance Infratel has around 43,000 towers and 1,72,000 route kilometres of fiber.

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“The Approach Of NCLT And NCLAT Is More Bureaucratic” U.K. Chaudhary, Senior Advocate

The National Company Law Tribunal has disposed of more than 6,000 cases under IBC and is also dealing with 9,000 cases which are pending at various stages along with allied and connecting multiple applications in the pending cases.

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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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