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NCLT terminates insolvency resolution process against Logix Infra
NCLT has directed the resolution professional to return the management control of the firm to ex-management and also ended the moratorium period given to the realty firm

Published on Feb 10, 2025 05:56 AM IST
NCLT attack video conference network hacked to play obscene videos in court rooms
MUMBAI: Police filed a case after hackers interrupted NCLT video conferencing, playing obscene videos, halting court functions on Dec 12 and 17.

Updated on Dec 21, 2024 08:02 AM IST
No political appointments in NCLT, NCLAT: SC
The judgment also pointed out structural challenges, including a shortage of members, inadequate infrastructure, and scheduling inefficiencies.

Updated on Nov 08, 2024 07:42 AM IST
Utkarsh Anand, New Delhi
Jagan Mohan Reddy vs YS Sharmila over shares: 'No love left between siblings'
Jagan Mohan Reddy said he entered into an MoU with YS Sharmila "out of love and affection".

Published on Oct 23, 2024 09:42 PM IST
Ashneer Grover withdraws oppression, mismanagement plea against BharatPe board
Ashneer Grover withdrew both an NCLT plea alleging oppression and mismanagement, and an NCLAT early hearing plea after a settlement with BharatPe's board

Published on Oct 18, 2024 06:25 PM IST
NCLAT rejects state tax claim on Reliance Communications filed after insolvency
The NCLAT upheld the earlier NCLT Mumbai bench order which rejected the state tax department's second claim of ₹6.10 crore on Reliance Communications

Published on Sep 21, 2024 02:01 PM IST
PTI |
NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme
NCLT said the parties "mutually consented" to withdraw the scheme of amalgamation with a settlement agreement

Published on Sep 15, 2024 10:03 AM IST
PTI |
NCLT revives Lavasa City insolvency, dismisses resolution application of Darwin Platform
The order was issued in response to a petition filed by the applicants or intervenors who are a group of more than 500 homebuyers against DPIL

Updated on Sep 14, 2024 09:00 AM IST
Rakesh Wadhawan accuses resolution professional of cheating
Rakesh Wadhawan has lodged a complaint regarding the matter with the VB Nagar police, but no FIR has been registered yet, said police

Updated on Sep 11, 2024 07:56 AM IST
Go First insolvency case: Promoters asked to reply on liquidation in 3 weeks
The NCLT has ordered the suspended board of Go First to respond within three weeks regarding the company's liquidation.

Published on Sep 05, 2024 08:29 AM IST
PTI |
IIHL failed to deposit ₹2,750 crore as contribution for Reliance Capital buy
IIHL had to deposit ₹250 crore in a domestic escrow account and ₹2,500 crore in an offshore escrow account again designated by the lenders by July 31

Published on Aug 04, 2024 04:43 PM IST
PTI |
Byju's goes under insolvency: What happens to employees? Can they recover dues?
Byju's, once valued at $22 billion, entered a financial crisis with debts piling up when online education demand fell after the Covid-19 pandemic ended.

Published on Jul 17, 2024 06:48 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Byju’s crisis: BCCI plea seeking insolvency proceeding against firm admitted
Byju’s crisis: BCCI's insolvency petition against Byju's admitted by NCLT over alleged unpaid dues of ₹158 crore for Indian cricket team sponsorship.

Updated on Jul 16, 2024 03:28 PM IST
HT News Desk | Edited by Mallika Soni
NCLT tells Byju's to pay salaries or face audit: ‘You should be having revenues’
NCLT warned the crisis-hit company that in case employees are not made, an audit will be made by the Institute of Chartered Accountants of India.

Updated on Jul 04, 2024 02:05 PM IST
Noida authority sends notice to developers with pending projects in NCLT
The authority has given realtors 15 days to either get free from NCLT cases or they will not be able to use provisions of the state government policy, offering interest waivers

Updated on Jun 22, 2024 06:28 AM IST
Insolvency process begins against Supertech Goup’s Supernova project in Noida
Supertech Group’s Supernova project in Noida has four towers -- Nova East, Nova West, Astralis, which are delivered; Spira is an under construction tower

Updated on Jun 15, 2024 05:54 AM IST
Vinod Rajput, Noida
Noida struggles to recover ₹8,300 crore dues from commercial project developers
As per the authority’s data, the biggest defaulter is a mega commercial project located in Sector 94. This project has a dues of over ₹2,100 crore

Updated on May 04, 2024 05:24 AM IST
HT Correspondent, Noida
Byju’s faces allegations of violating NCLT orders on rights issue
Embattled Byju’s is facing allegations from foreign investors about a rights issue. The case has been deferred by NCLT to June 6.

Updated on Apr 23, 2024 06:37 PM IST
NCLT orders insolvency proceedings against Zee’s Subhash Chandra
Subhash Chandra faces insolvency after defaulting on loan as personal guarantor

Published on Apr 22, 2024 10:17 PM IST
Four builders bought my properties worth ₹16,000 cr for ₹826 cr: DSK
Supreme Court (SC) granted a stay of the sale of his properties to a 4-member consortium till May 11.

Updated on Apr 22, 2024 05:30 AM IST
GoFirst's last stand: Understanding airline insolvency in India
The NCLT has granted Go First a final 60-day extension on its moratorium. Meanwhile, two suitors are vying to revive the 18-year-old carrier.

Published on Apr 13, 2024 08:55 PM IST
Byju’s employees start getting salaries after two months delay: ‘Pleased to…’
Byju’s crisis: This comes as the company is barred from using proceeds of recently floated rights issue.

Updated on Apr 09, 2024 05:22 AM IST
NCLT refuses to stay Byju’s EGM over $200 million rights issue
The EGM will include a vote on increasing Byju's' authorised share capital which will then give effect to the rights issue floated by the company.

Updated on Mar 28, 2024 01:43 PM IST
NCLT can release properties attached by ED, rules Bombay HC
The National Company Law Tribunal (NCLT) is empowered to declare the end of prosecution against the corporate debtor & attachment over its properties by agencies like Enforcement Directorate (ED)

Published on Mar 04, 2024 04:54 PM IST
Investors accuse Byju's of siphoning $533mn, seek stay on rights issue
Byju's faces allegations of transferring funds to hedge fund in the US

Updated on Feb 28, 2024 05:01 AM IST
PTI |
ZEEL moved NCLT against Sony over merger snub
Zee Entertainment has moved NCLT against Sony for terminating the merger, as well as the demands of $90 million break-off fees.

Published on Jan 24, 2024 09:35 PM IST
Don’t order re-valuation of assets of corporate debtors casually: SC to NCLT
The court order came while setting aside an order of re-valuation, passed by NCLT in September 2021 and affirmed by NCLAT in January 2022

Published on Nov 22, 2023 11:14 AM IST
Coffee Day says plea filed against firm for insolvency proceedings before NCLT
Last month, the National Company Law Appellate Tribunal had stayed an order of the NCLT that had directed initiation of insolvency proceedings against the firm.

Published on Sep 08, 2023 06:24 PM IST
NCLT directs Go First to submit report on aircraft maintenance
A two-member bench of NCLT directed the resolution professional to file an additional affidavit in next 10 days including status of the maintenance of aircraft.

Published on Aug 04, 2023 07:53 PM IST
PTI |
NCLT approves Darwin Platform’s resolution plan for Lavasa
Mumbai-based Darwin Platform Infrastructure Limited (DPIL) had received backing from Committee of Creditors in 2021 for its bid to take over Lavasa hill city, offering hopes to many investors awaiting completion of ambitious project

Updated on Jul 22, 2023 12:29 AM IST
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