Latest from nclt
The Gurugram Police chargesheet alleged resolution professional Ashwani Mehra, who was appointed for Educomp's revival as a corporate debtor, abused his position to make huge financial gains by appointing Kroll and Associates for financial audits as well as his own firm as a consultant.
On Sunday, the Centre named a 6-member panel after the NCLT, on Friday, gave its nod to the government to take over the club.
A NCLT bench on Friday allowed the plea filed by Union Bank of India, a financial creditor, claiming default against Supertech Ltd, and appointed an interim resolution professional superseding the board of the company.
“We grant liberty to FRL (Future Retail Ltd) to approach the High Court by filing an application seeking continuation of the NCLT proceedings beyond the 8th stage (Meeting of Shareholders and creditors),” directed a bench, headed by Chief Justice of India NV Ramana.
ByUtkarsh Anand, Hindustan Times, New Delhi
India’s case has been bolstered internationally with the Supreme Court judgement, which on Monday dismissed the appeal filed by Devas Multimedia against the decision of the National Company Law Appellate Tribunal (NCLAT) to wind up the company.
ByShishir Gupta, Hindustan Times, New Delhi