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Company law tribunal-chosen resolution professional among 3 booked for cheating

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.
The Gurugram police has indicted three people, including a ‘resolution professional’ appointed by the National Company Law Tribunal for the revival of a firm as a corporate debtor, for cheating.(Representative image)
The Gurugram police has indicted three people, including a ‘resolution professional’ appointed by the National Company Law Tribunal for the revival of a firm as a corporate debtor, for cheating.(Representative image)
Published on May 01, 2022 08:03 AM IST
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PTI |

Centre’s panel takes over Delhi Gymkhana’s affairs

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 file photo of the Delhi Gymkhana Club. (Mint)
A file photo of the Delhi Gymkhana Club. (Mint)
Updated on Apr 04, 2022 08:39 AM IST
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ByDeeksha Bhardwaj, New Delhi

NCLT initiates insolvency proceedings against Supertech Ltd

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.
On August 31 last year, the Supreme Court had ordered the demolition of Supertech Ltd’s twin 40-storeyed towers, which are part of the under construction Emerald Court project in Noida for violation of building norms.
On August 31 last year, the Supreme Court had ordered the demolition of Supertech Ltd’s twin 40-storeyed towers, which are part of the under construction Emerald Court project in Noida for violation of building norms.
Published on Mar 25, 2022 06:54 PM IST
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PTI |

Approach HC to go ahead with NCLT proceedings: SC to FRL

“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.
The top court refrained from examining the rival contentions of Future and Amazon on the aspect of NCLT proceedings, and remanded the matter for adjudication by the high court.
The top court refrained from examining the rival contentions of Future and Amazon on the aspect of NCLT proceedings, and remanded the matter for adjudication by the high court.
Published on Feb 16, 2022 06:46 AM IST
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By, Hindustan Times, New Delhi

With Devas judgement, Modi government cleans yet another UPA mess

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.
Prime Minister Narendra Modi with former PM Manmohan Singh.
Prime Minister Narendra Modi with former PM Manmohan Singh.
Published on Jan 18, 2022 12:59 PM IST
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By, Hindustan Times, New Delhi
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