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Latest Articles in national company law tribunal
Go First Extends Cancellation Of Its Scheduled Flights Till 10 July
The airline, undergoing insolvency resolution before the National Company Law Tribunal, stopped its service on 3 May and since then has extended the cancellation of flights multiple times
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NCLAT Allows Jalan Kalrock Consortium More Time To Repay Dues To SBI
The National Company Law Tribunal (NCLT) had previously approved the transfer of Jet Airways to the Jalan Kalrock Consortium led by Kalrock Capital based in London and entrepreneur Murari Lal Jalan based in the UAE
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IDBI Bank's Insolvency Plea Request Against Zee Entertainment Rejected By NCLT
IDBI Bank appealed to the NCLT in December last year, claiming an amount of Rs 149.60 crore. The amount was disputed between IDBI Bank and Zee Entertainment.
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Aircraft Lessors Call India A "Risky Jurisdiction" Following Go First NCLT Ruling
The company has warned that this decision will have ripple effects on the markets and could create a crisis of confidence. Additionally, SMBC has referred to India as a risky jurisdiction for aircraft leasing
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NCLT's Go First Ruling Could Hike Lease Rates For Other Airlines: Executives
India's failure to adhere to the Cape Town Convention has already harmed the country's reputation. While Jet Airways' insolvency improved its image slightly, the way the country's systems handled the Go First crisis has worsened it again
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Govt Bailout For Go First Unlikely Until Engine Issue Is Resolved: Deputy Aviation Minister
"The problem with Go Air is that their flights are run on engines of Pratt & Whitney which is facing management issues since after COVID-19... So [engine] manufacturing is not happening at the pace that it should have"
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RBI Gives Nod For Merger Of L&T Finance With Subsidiaries
The company in an exchange filing stated, "the Reserve Bank of India has accorded its 'no objection' for the scheme
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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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L&T Board Approves Merger Of L&T Hydrocarbon Engineering
The go-ahead was given in the meeting of board of directors held on Monday, Larsen & Toubro said in a filing to BSE.
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SpiceJet Stocks See Buying on Fundraising News
The share prices of SpiceJet, a Gurgaon-headquartered leading low-cost airline, saw increased buying even today and ahead of the June 30 Board Meeting where it is expected to discuss fund raising.
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Chandan Mitra Withdraws Appeal Against NCLT Order
In November last year, one of the directors of CMYK Printeck, Amit Goel approached the Tribunal in the capacity of a financial creditor to initiate insolvency proceedings against the media publishing group.
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Jet Airways Shares Continue To Fly High
The stock jumped 4.98 per cent to Rs 104.40 -- its upper circuit limit -- for the day on both BSE and NSE.
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NCLT Nod Clears Runway for Jet Airways Take Off
The National Company Law Tribunal (NCLT) on June 22, approved the Kalrock-Jalan consortium's resolution plan for Jet Airways, with riders.
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NCLT Approves Piramal Group's Offer For DHFL On Certain Conditions
NCLT also rejected former DHFL promoter Kapil Wadhawan's plea to get access to a copy of the resolution plan.
Read MoreNational Company Law Tribunal benches to start regular physical hearing from March 1
National Company Law Tribunal benches to start regular physical hearing from March 1
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