NCLT - Latest News, Analysis, Opinion

A petition was filed by Torrent Investments on 9 January requesting the tribunal to quash the plea of the lenders’ plan to hold a fresh auction for the takeover of Reliance Capital

NCLAT Reserves Order Over Lenders Plea In RCap Resolution Process

The firm, which is going through the insolvency resolution process, has a consolidated debt of about Rs.40,000 crore

Torrent Urges NCLT To Quash Fresh Auction Round For Reliance Capital

Torrent Group representative made a plea against the Committee of Creditors’ (CoC) proposal to hold fresh auction of RCap and asked the Tribunal to deny the same

NCLT Approves PVR-INOX Merger

The merger plan was accepted verbally by the tribunal, and a written decision is anticipated within the next 15 to 20 days

OYO Writes To NCLT To Expedite MCA Inquiry On FHRAI Executive Committee

OYO, in its letter to NCLT, also talks about how this is worrisome development for the business environment of the country

NCLT To Hear Lenders’ Plea Against Zee-Sony Merger

NCLT had requested that ZEEL call a meeting of the company's equity shareholders on 14 October, 2022

NCLT Approves Jio's Acquisition Of Reliance Infratel

Jio would have to deposit Rs 3,500 crore in the SBI escrow account to complete the acquisition

Ajnara Builder Likewise To Be Declared Bankrupt Soon

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

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.

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."

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

Banking & Finance

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

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

Legal

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

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

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