NCLT calls meeting with Jet Airways suitor
On Monday, the Mumbai bench of the NCLT directed the resolution professional to communicate with the South American firm Synergy Group to appear before the bench. The tribunal has also made the ministry of civil aviation and DGCA party to the case and sought their response regarding the availability of the slots to fly between destinations.
NCLT orders insolvency process at low-cost carrier Air Costa
Air Costa is the second Indian airline, after Jet Airways, to undergo court-moni...
Home buyers have filed over 1,800 cases under IBC: Government
Citing the information received from NCLT, Minister of State for Corporate Affa...
Consider Haldiram’s offer, NCLT tells lenders
The NCLT has directed lenders of debt-ridden dairy firm Kwality Ltd to reconsider the Rs 145-crore by Haldiram Snacks. Earlier the former had declined the Rs 142 crore bid of Haldiram Snacks which was the sole bidder for it.The NCLT has also extended the Corporate Insolvency Resolution period by another three weeks.
Essar order a breather for 535 corporate debtors facing liquidation by December
Under the SC ruling, NCLT can grant an extension for debtors facing liquidation
Kwality insolvency: NCLT directs lenders to consider Haldiram Snacks' revised offer of Rs 145 cr
The Delhi-based bench of the tribunal has also extended the Corporate Insolvency Resolution period by another three weeks and directed the Committee of Creditor (CoC) to reconsider the enhanced offer. Earlier, the lenders of Kwality Ltd had rejected the Rs 142 crore bid of Delhi-based Haldiram Snacks, which emerged as the sole bidder to acquire the debt-ridden dairy firm.
NCLT extends time for Ind-Barath’s insolvency process
At the meeting of the committee of creditors (CoC) held on October 14, the lenders had decided to go ahead with the resolution plan submitted by the Sajjan Jindal-controlled JSW Group entity a week after Vedanta decided to pull out. On October 6, Vedanta had announced its decision to withdraw its resolution plan.
Lotus home buyers: No transparency, remove insolvency professionals
Though the NCLT will take a final call on the matter on November 25, the removal of the interim resolution professional (IRP) and the authorised representative (AR) could further delay the completion of the two unfinished ‘Lotus’ brand projects.
Voda-Idea needs reliefs to stay out of NCLT: Rajiv Sharma, SBICAP Sec
Voda CEO comment a reflection of real state of affairs and the challenges the company is facing.
NCLT directs to initiate insolvency proceedings against AVP Buildtech
A two-member NCLT bench has appointed an interim resolution professional (IRP) to run the affairs of the company and also declared moratorium, prohibiting the lenders from recovering any amount during this period.
Aviva Life faces IBC trial over ‘not paying landlord’
Aviva is facing proceedings under the IBC, for not meeting payment obligations to the Apeejay Group.
NPA, NCLT-referred housing projects applicable for funding, says FM Nirmala Sitharaman
The two earlier conditions that, a project should not be NPA and non NCLT can only benefit, has been withdrawn. Even if a project has been d...
Consumer complaints should go to RERA before NCLT, say builders
About 450 real estate companies/projects across the country are facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) because of default in the delivery of projects to homebuyers as well as repayment of bank loans.
Singh brothers trade barbs at NCLT
Shivinder calls brother ‘Bhasmasur’, seeks forensic audit of RHC; Malvinder says sibling diverted funds to RSSB.
NCLT admits plea against Flipkart; company says got Karnataka HC stay
LED TV supplier CloudWalker Streaming Technologies had alleged that Flipkart did not pay dues amounting to Rs 26.95 crore despite repeated requests.
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