PUBLISHED ON APR 07, 2021 02:41 PM IST
Meanwhile, OYO said it has challenged the order against its subsidiary OYO Hotels and Homes Pvt Ltd (OHHPL) in the National Company Law Appellate Tribunal (NCLAT).
PUBLISHED ON MAR 02, 2021 05:18 PM IST
A single-judge bench of Justice Prathiba M Singh was hearing a petition filed by Group Captain Atul Jain against the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT)
UPDATED ON FEB 22, 2021 01:00 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
New Delhi | By Press Trust of India| Posted by Mallika Soni
UPDATED ON JAN 07, 2021 07:10 PM IST
Revised bids for DHFL were received last month with Oaktree and Piramal Enterprises jostling for the top spot.
Livemint | By Gireesh Chandra Prasad
PUBLISHED ON JAN 04, 2021 04:38 AM IST
The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020, which was notified in September, barred fresh bankruptcy action for a year starting 25 March 2020. The defaults during this period will never be placed before a tribunal.
Hindustan Times, Mumbai | By Kanchan Chaudhari
UPDATED ON NOV 17, 2020 12:32 PM IST
Striking down an NCLT order of January 2019, the high court said the tribunal has no jurisdiction to examine the validity of actions taken under the MPID Act
Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON OCT 18, 2020 08:05 PM IST
The carrier’s creditors approved a multi-million dollar resolution plan on Saturday under which Jet Airways would be acquired by an investor consortium.
Hindustan Times, Mohali | By Hillary Victor
PUBLISHED ON SEP 09, 2020 12:02 AM IST
Senior GMADA official says claim sought as lease/fine amount as the authority and allottees had not received possession of commercial spaces
Hindutsan Times, New Delhi | By Deeksha Bhardwaj
UPDATED ON JUN 27, 2020 04:35 PM IST
On Friday, the NCLT had asked the government to appoint two nominees to the club’s governing body and also set up a five-member committee to look into the alleged “irregularities”, officials told HT.
Hindustan Times, Ludhiana | By HT Correspondent
UPDATED ON JAN 17, 2020 12:16 AM IST
In the last week of November, the district and sessions court had acquitted the chief minister and others in the Ludhiana city centre scam
Hindustan Times, New Delhi | By Murali Krishnan
UPDATED ON JAN 02, 2020 04:44 PM IST
The NCLAT judgment, Tata Sons submitted, is detrimental to the interest of Tata Sons and its members for its failure to discuss the reasoning and findings of the judgment of National Company Law Tribunal (NCLT) which had ruled in favour of the firm.
Hindustan Times, Greater Noida | By Vinod Rajput
UPDATED ON DEC 09, 2019 02:20 PM IST
According to the law, the Rera has the right to deregister a project if the developer abandons it. After deregistration, a developer loses control of the project and the Rera has the right to either transfer rights to buyers or to a new developer.
Hindustan Times, Noida | By Vinod Rajput
UPDATED ON SEP 16, 2019 01:42 PM IST
The Credai, a group of private realtors, said the Rs 10,000 fund will not benefit homebuyers in the projects such as Jaypee Group, Amrapali, Unitech, Unnati Group, 3C Group and Shubhkamna among others, which are facing litigation and have been put into the category of non-performing assets.
New Delhi | By Rajeev Jayaswal
UPDATED ON JUN 29, 2020 10:21 PM IST
Sitharaman said the government will contribute ~10,000 crore in setting up a special window to provide last-mile funding for unfinished housing projects that haven’t turned into non-performing assets (NPAs) and are not facing proceedings at the National Company Law Tribunal (NCLT).
New Delhi | By Indo Asian News Service
UPDATED ON SEP 09, 2019 01:31 PM IST
The National Company Law Tribunal admitted and initiated the insolvency proceedings following a plea by one of the flat buyers last month.
Press Trust of India | By Press Trust of India
UPDATED ON AUG 30, 2019 11:40 AM IST
A two-member principal bench, headed by President Justice M M Kumar, admitted a plea filed by five flat buyers who had booked homes in the company’s Lotus Zing project in Noida, Uttar Pradesh.
livemint, Mumbai | By Shayan Ghosh
UPDATED ON AUG 29, 2019 02:43 PM IST
Orix Corporation is an equity partner in the group and owns 49% stake in each of these seven operating wind power plants. The seven wind power SPVs include Lalpur Wind Energy, Etesian Urja, Khandke Wind Energy, Retadi Wind Power, Wind Urja Indiae, Tadas Wind Energy and Kaze Energy.
livemint, Mumbai | By Bidya Sapam
UPDATED ON AUG 27, 2019 10:38 AM IST
Mumbai-based developer Rustomjee Group had emerged as the lone bidder in the first round of bidding.In November 2018, NCLT had admitted insolvency proceedings against Ariisto Developer.
New Delhi | By Press Trust of India
UPDATED ON JUL 22, 2019 07:05 PM IST
The National Company Law Appellate Tribunal (NCLAT) reserved its order over exclusion of litigation period from the ongoing Corporate Insolvency Resolution Process (CIRP) of Jaypee Infratech.
Reuters | By Reuters
UPDATED ON MAR 08, 2019 07:00 PM IST
ArcelorMittal, which has been engaged in a drawn-out attempt to acquire Essar Steel since 2017, had made a 420 billion rupee ($5.99 billion) bid for the bankrupt Indian steelmaker.
Greater Noida | By Kapil Datta
PUBLISHED ON MAR 03, 2019 03:29 AM IST
This came to light during a conciliation meeting held at the office of the Uttar Pradesh real estate regulatory authority (UP Rera) in Greater Noida. Rera officials, however, said the project is viable and they will explore ways to complete it.
Hindustan Times, Greater Noida | By Kapil Datta
PUBLISHED ON FEB 25, 2019 02:50 AM IST
The Uttar Pradesh real estate regulatory authority held a project-monitoring meeting with Unnati Fortune group allottees during which the latter submitted an application for revival of their cases, after the National Company Law Tribunal (NCLT) stay on proceedings was vacated.
Hindustan Times | By Gireesh Chandra Prasad
PUBLISHED ON OCT 25, 2018 11:15 PM IST
New Delhi | By Press Trust of India
PUBLISHED ON OCT 15, 2018 02:19 PM IST
The NCLAT order came on an urgent petition moved by the ministry of corporate affairs after the Mumbai bench of NCLT had turned down its plea for 90 days moratorium over the loans taken by the IL&FS and its subsidiaries.
Former Fortis promoter to withdraw NCLT petition against elder brother Malvinder Singh on ailing mother’s advice
New Delhi | By Press Trust of India
UPDATED ON SEP 13, 2018 09:09 PM IST
Shivinder’s counsel Ranjana R Gawai said the petition is not withdrawn yet but getting withdrawn because the ailing mother wants to get this matter sorted out within domestic forum through mediation.
New Delhi | By Bhadra Sinha
UPDATED ON AUG 09, 2018 10:27 PM IST
The top court also allowed the Reserve Bank of India (RBI) to direct the banks to initiate separate insolvency proceedings against JIL’s holding company Jaiprakash AssociateS Limited (JAL).
Hindustan Times, Gurugram | By Dhananjay Jha
PUBLISHED ON AUG 08, 2018 12:25 PM IST
The appointment of interim resolution professional (IRP) has brought relief to investors as, according to the provisions of the NCLT, the IRP has to resolve the problem of the company in six months from the date of appointment.
By Prabal Basu Roy
UPDATED ON JUL 10, 2018 08:14 PM IST
It is difficult to prove oppression and mismanagement, even for powerful minority shareholders
Mumbai | By Indo Asian News Service
PUBLISHED ON JUL 09, 2018 05:01 PM IST
The NCLT ruled that the Tata Sons board of directors was competent to remove the executive Chairman and that Mistry was ejected as the board members had lost confidence in him.
Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON JUL 10, 2018 12:04 AM IST
The tribunal said it will not accept Mistry’s contentions that his removal was due to the result of mismanagement by the board and oppression of minority shareholders of the group.