National Company Law Tribunal (NCLT)
Insurance industry to continue to see merger and acquisitions deals, new entrants
Mon, Sep 19, 2022
In order to equip itself with the complexities of merger and acquisitions, the Insurance Regulatory and Development Authority of India (IRDAI) has started looking for consultants who can undertake valuation of state-owned and private sector insurers, and train its officials about valuation methodology and processes.
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Recoveries from insolvency cases jumped up to 30.6 per cent during April-June period of this fiscal - report
Sat, Sep 03, 2022
Recoveries from insolvency cases have inched up to 30.6 per cent in Q1 of the current fiscal from 26 per cent in the year-ago period, while the number of insolvency cases filing/admission rose by 23.5 per cent during this period, says a report.
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Supertech's Twin Tower: Homebuyers interest will be protected, says SC, directs to file claims
Mon, Apr 04, 2022
Supertech Ltd informed the top court that it will be filing an appeal against the order of the NCLT declaring it bankrupt on a plea filed by the Union Bank of India for non-payment of around Rs 432 crore worth of dues.
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Indian banks to start debt recovery proceedings against Future Retail -sources
Tue, Mar 22, 2022
Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer`s stores.
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Year Ender 2021: With missed timelines, insolvency cases likely to speed up with improved infrastructure
Fri, Dec 31, 2021
The National Company Law Tribunal, the designated authority under the insolvency law, and the appellate tribunal NCLAT continued to grapple with a lack of resources in terms of vacant positions of judges and poor infrastructure.
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Year Ender 2021: Indian aviation industry was able to breathe a little easier this year
Thu, Dec 23, 2021
The Indian aviation industry was able to breathe a little easier in 2021 as domestic flight operations reached their pre-pandemic levels even though international services continued to remain curtailed due to Covid-related travel restrictions.
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SBI weighs NCLT route for recovery of loans from Jet Airways
Sun, Feb 24, 2019
Officials associated with the lenders and key shareholders said the SBI is considering moving the National Company Law Tribunal (NCLT) seeking insolvency proceedings against Jet Airways since it is running out of money for operations.
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IL&FS revival: New board submits future plan to NCLT, seeks asset sales, capital infusion
Thu, Nov 01, 2018
The new Board will work towards the final resolution, in stages and parts over a period of six to nine months, and there is a possibility of some early partial resolutions in a timeframe of the next two to three months. However, the early resolutions would be only after NCLT’s approval.
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Distressed asset sales 3% of overall M&A in 2017: Report
Tue, Oct 30, 2018
Total distressed asset merger & acquisitions has totalled USD 14.3 billion, led by deals like Bhsuhan Steel (USD7.4 billion), Reliance Communications (USD 3.7 billion) and Fortis Healthcare (USD 1.2 billion), financial consultancy Kroll said in note Monday.
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NCLT Principal bench directs to move Videocon insolvency pleas to one court
Thu, Oct 25, 2018
The principal bench of the National Company Law Tribunal (NCLT) on Wednesday directed to transfer all insolvency petitions related to Videocon group being heard in Mumbai courts to a single court there.
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Good news! On IL&FS, Uday Kotak says 'we are making progress'
Thu, Oct 11, 2018
The government has so far maintained it to be a case of mismanagement and misrepresentation of facts. The Serious Fraud and Investigation Office, which is probing the firm and its group companies, is likely to give its report in a month.
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Rashtriya Ispat Nigam unit OMDC out of NCLT after settling creditors dues
Fri, Sep 21, 2018
The company has now come out from National Company Law Tribunal (NCLT) even after the initiation of bankruptcy proceedings process under the Insolvency and Bankruptcy Code, making it one of the first such cases allowed through an amendment to the regulations introduced in June this year.
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