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Latest Articles in NCLT
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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No Illicit Transactions With Srei Group: Trinity Alternative Investments
The Srei group launched Trinity as a Sebi-registered AIF in 2005 and in mid-2020, sold 49 per cent stake to the Singaporean fund Payaash Capital
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NCLT Orders Insolvency Proceedings Against MGF Developments
The Vilas Condominium Association, consisting of homebuyers having 327 units, had alleged the amount of Interest-Bearing Maintenance Security (IBMS) collected from them has not been refunded to them.
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