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Latest Articles in NCLT

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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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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