close_game
close_game
[

nclt news

]

Latest from nclt

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

The February 6 order also termed all decisions taken by resolution professional Pawan Kumar Goyal after his appointment as “null and void”. (Sunil Ghosh/HT Photo)
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.

NCLT attack video conference network hacked to play obscene videos in court rooms
Updated on Dec 21, 2024 08:02 AM IST
ByVinay Dalvi

No political appointments in NCLT, NCLAT: SC

The judgment also pointed out structural challenges, including a shortage of members, inadequate infrastructure, and scheduling inefficiencies.

Supreme Court building in New Delhi on Thursday. (HT)
Updated on Nov 08, 2024 07:42 AM IST
By, 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".

Jagan alleged that the transfer of shares took place without fulfilling legal obligations.(File photo)
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

Ashneer Grover, the co-founder and former managing director of BharatPe has now withdrawn his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the firm's board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

Corporate Insolvency Resolution Process (CIRP) against RCom was initiated on June 22, 2019. The state tax department had filed two claims
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

Sony and Zee logos are seen in this illustration taken January 30, 2024.(Dado Ruvic/Reuters)
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

Lavasa Hill City at Mulshi taluka of Pune district was formed as a private corporation by investors to build and manage a hillside resort. However, the project bombed after completing a fifth of its first phase with liabilities mostly owing to financial institutions. (REPRESENTATIVE PHOTO)
Updated on Sep 14, 2024 09:00 AM IST
ByNadeem Inamdar

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

HT Image
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.

NCLT directs Go First's suspended board to reply in three weeks about liquidation proceedings, following the Committee of Creditors' majority vote. Previous efforts to find a buyer have failed, leading to this action.
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

Reliance Capital had a debt of over <span class='webrupee'>₹</span>40,000 crore, and IIHL and Torrent Investments participated in the resolution process.
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.

Around 160-200 former employees of Byju’s who were laid off due to falling revenues had complained to the Karnataka labour commissioner that their full settlement was not yet made. (Bloomberg)
Published on Jul 17, 2024 06:48 PM IST

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.

Byju's logo is seen in this illustration taken.(Reuters)
Updated on Jul 16, 2024 03:28 PM IST
By | Edited by

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.

Byju's logo is seen in this illustration.(Reuters)
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

As per the norms of the state government policy, which was announced on December 21, 2023, if a company is facing trial in NCLT, it cannot take benefit of this policy. (HT Photo)
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

NCLT has initiated corporate insolvency resolution process against Supertech Group’s subsidiary Supertech Realtors Private Limited, which is developing a commercial tower in Noida. (Sunil Ghosh/HT Photo)
Updated on Jun 15, 2024 05:54 AM IST
By, 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

A mixed land use project in Sector 94 that has remained stuck for a long time. (HT Archive)
Updated on May 04, 2024 05:24 AM IST
By, 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.

Byju’s is facing a string of accusations from its investors over a rights issue.(Bloomberg)
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

Subhash Chandra launched Zee Entertainment, considered to be the pioneer of television entertainment industry in India, in 1992.(Vipin Kumar/HT File)
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.

It was in July 2022, nearly 40 months after his arrest, one of Pune’s most prominent real estate developers, Kulkarni, popularly known as DSK, was granted bail. (HT HOTO)
Updated on Apr 22, 2024 05:30 AM IST
ByNadeem Inamdar

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.

Go first airlines (Representative Photo)
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.

Byju's crisis: The National Company Law Tribunal (NCLT) directed Byju's to keep funds received from the rights issue in an escrow account.(Reuters)
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.

Byju's logo is seen in this illustration.
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)

ED had approached the high court challenging the NCLT Mumbai’s order dated April 28, 2023. (File photo of Bombay HC | Mumbai Tourism)
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

Investors challenge Byju's on $533M transfer, seek halt on $200M rights move(Bloomberg)
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.

The merger between Zee Entertainment Enterprises Ltd. and Sony Group Corp. was terminated on Monday.(Bloomberg)
Published on Jan 24, 2024 09:35 PM IST
ByVaishnawi Sinha

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

In its judgment, the top court noted that there was no justification for the NCLT to order a re-valuation. (File photo)
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.

Men stand outside a Cafe Coffee Day outlet in New Delhi, India.(Reuters file)
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.

Go first airlines (Representative Photo)
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

Lavasa hill city, some 60 kilometres from Pune, was first proposed in 1990s and was once touted as a hilltop paradise, modelled on the cotton-candy harbour of Italy’s Portofino. It would be India’s first privately built and managed city. (HT FILE PHOTO)
Updated on Jul 22, 2023 12:29 AM IST
ByNadeem Inamdar
SHARE
  • 1
  • 2
  • ...
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, February 19, 2025
Start 14 Days Free Trial Subscribe Now
Follow Us On