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Latest Articles in NCLT

Ajnara Builder Likewise To Be Declared Bankrupt Soon

Pramod Gupta Ajnara, the promoter of Ajnara Group, said that he would appeal to the NCALT

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NCLT Mumbai Issues Insolvency Plea Notice To Future Enterprises Ltd

Foresight Innovations of India has preferred a petition under Section 9 of the IBC before NCLT, Mumbai Bench.

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NCLT Issues Clarification, Terms Circular On Member Shortage Inauthentic

The clarification stated that, "The said Notification is not issued by NCLT and it is not authentic. The so called Notification dated 08.08.2022 has not been approved by President NCLT (Competent Authority). The said Notification to be ignored as not valid. It has not been uploaded on the NCLT website."

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NCLT Rejects Objection By Amazon, Orders Insolvency Proceedings Against Future Retail

Bank of India's plea to initiate insolvency resolution proceedings against indebted Future Retail Limited accepted by National Company Law Tribunal

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Future Retail Case: NCLT To Continue Hearing Amazon's Plea On June 14

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

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NCLT Initiates Of Insolvency Proceedings Against Birla Tyres

A two-member Kolkata bench of the NCLT has also appointed Seikh Abdul Salam as Interim Resolution Professional (IRP) to run the operations of the company

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NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

Last week, Bank of India had moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments

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Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail

The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting

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Supertech Insolvency: Lender Asks For Definite Upfront Payment Of Dues

After the NCLT order for insolvency proceedings, the promoters of Supertech Ltd had challenged the ruling before the National Company Law Appellate Tribunal (NCLAT)

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Max Group's Analjit Singh Refutes Allegations On Unlisted Entity

Media reports last week highlighted that his wife Neelu Analjit Singh filed a petition before the National Company Law Tribunal alleging "diversion and siphoning” off of funds by her husband from a group holding company

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Reliance & ACRE Bid For Sintex Filed Before NCLT For Approval

Earlier this week, Sintex Industries, which is going through the insolvency resolution process, had informed CoC has unanimously voted in favour of the resolution plan by Reliance Industries and ACRE

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A Family Feud Engulfs Analjit Singh’s Max Group

Analjit Singh’s wife Neelu Singh has alleged that she was facing shareholder oppression at a group holding company and accused its directors including her husband of mismanagement of affairs

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Zee Approaches 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

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Jet Airways To Get Rs 50 Cr As Inter-Corporate Deposit For Certain Expenses

As efforts are on to restart services of Jet Airways, Orion IT Parks Pvt Ltd -- whose shareholders are Murari Jalan and Ankit Jalan -- will extend an Inter-Corporate Deposit (ICD) of Rs 50 crore

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IndusInd Bank Moves NCLT To Initiate Insolvency Proceedings Against Zee Ent

IndusInd Bank has claimed a default of Rs 83.08 crore against the media and entertainment firm

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