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"national-company-law-tribunal-nclt"

  • Liquidation of BPSL: Supreme Court orders status quo on proceedings pending before NCLT

    A bench of Justices B V Nagarathna and Satish Chandra Sharma said liquidation of the BPSL might jeopardise the review petition, which was to be filed by JSW Steel Limited
  • Hyderabad’s Lulu Mall takes over Manjeera Mall via NCLT route

    Lulu International Shopping Malls had entered the Hyderabad market a few years back and has set up its mall in Manjeera Mall on a lease basis
  • Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas

    Three lessors - NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million
  • GMR Infrastructure gets NCLT nod for demerger of non-airport business

    New Delhi: GMR Infrastructure on Thursday said it has received approval from the National Company Law Tribunal (NCLT) for the restructuring plan involving the demerger of the non-airport business. GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors. “The Hon’ble […]
  • Contingency plan soon to revive Nizam Sugar Factory: KTR

    Hyderabad: Industries Minister KT Rama Rao on Friday said sincere attempts would be made to revive Nizam Sugar Factory (NSF) since the government was committed to the development of farmers and the State. The revival of the factory was earlier discussed by Chief Minister K Chandrashekhar Rao in the Assembly on introducing a cooperative format […]
  • Jet staff to get plummeted relief

    The admitted claims of employees stood at Rs 1,265 crore, while the consortium has proposed Rs 52 crore to settle their claims.
  • Sebi defines ‘same line of business’ under delisting rules

    Defining the 'same line of business', Sebi said at least 50 per cent of revenue from the operations of the listed holding and listed subsidiary company must come from the same line of business, said SEBI.
  • Supreme Court stays proceedings in Amazon-Future case

    Amazon had moved the apex court on April 8 challenging the Delhi High Court's division bench order that had vacated a stay on Kishore Biyani-led Future Group.
  • Future Group moves division bench of Delhi HC

    "The company has filed an appeal before the High Court of Delhi against the impugned order dated March 18, 2021 passed by Single Judge,” said Future Retail.
  • NCLT upholds Doha Bank plea to recover dues

    Doha bank is seeking priority payment Rs 3,515 crore of from the lenders of Reliance Infratel.
  • Piramal gets RBI nod for DHFL acquisition

    Now, the proposed takeover requires the approval of the National Company Law Tribunal.
  • Legal counsels will defend proceedings, says Future Retail Ltd

    Amazon had moved the Supreme Court in a bid to block Future Group's deal with Reliance after the Delhi High Court stayed a previous order of status quo on the deal.
  • NCLT admits petition alleging mismanagement, fraud by Omaxe

    The petition filed by Sunil Goel, the former Joint Managing Director of the company levels allegations against Rohtas Goel, the Chairman and Managing Director of Omaxe for indulging in financial fraud
  • NCLAT stays NCLT order on ArcelorMittal

    Passing an interim order, a two-member bench comprising Acting Chairperson Justice B L Bhat has stayed the order passed by the National Company Law Tribunal (NCLT).

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