"nclt"

The NCLT has stayed its earlier approval of a repayment plan in Essel Group founder Subhash Chandra's personal insolvency proceedings and will hear the matter afresh. The five-member Bench said no clear majority view had emerged on the August 25 verdict

Canara Bank and Union Bank have moved NCLAT challenging NCLT approval of Subhash Chandra’s Rs 6.5-crore personal insolvency repayment plan against creditor claims of Rs 22,006.57 crore. The lenders allege related entities influenced voting, while NCLT upheld the plan

A Parliamentary panel has recommended dedicated insolvency benches or verticals within the NCLT to speed up IBC case disposal while ensuring equal attention to company law matters. It also called for additional members, benches and permanent staff to strengthen the tribunal

Reliance Group has rejected allegations by Essel Group chairman Subhash Chandra against its media entities as baseless. The denial comes amid Chandra’s personal insolvency proceedings, where an NCLT member approved a settlement plan involving Rs 6.5 crore against admitted creditor claims

BRS working president KT Rama Rao questioned the reported NCLT approval of a Rs 6.5-crore payout by Subhash Chandra to settle Rs 22,006 crore in dues. He contrasted the reported settlement with action against ordinary borrowers facing financial difficulties.

HDFC Bank is considering an appeal against an NCLT order approving Subhash Chandra’s repayment plan, under which creditors will receive only Rs 6.5 crore against admitted claims exceeding Rs 22,000 crore. HDFC Bank’s Rs 680-crore claim has 3.2% admitted

The Supreme Court agreed to hear Videocon founder Venugopal Dhoot's plea challenging an NCLAT order that upheld separate insolvency proceedings for Videocon Industries and Videocon Oil Ventures. The court issued notice and scheduled the matter for further hearing on August 10

Legal experts said the amended Insolvency and Bankruptcy Act, 2026 requires proof of both debt and default before the NCLT admits insolvency cases. The amendments also introduce changes to resolution processes, liquidation rules and Competition Commission approval requirements

The Supreme Court set aside an NCLT insolvency verdict after finding it relied on AI-generated fake and hallucinated legal precedents. Stressing zero tolerance, it directed the Bar Council of India to frame guidelines and disciplinary measures against citing unverified AI-generated judicial material

The Supreme Court set aside NCLT and NCLAT orders after discovering the tribunal used fake, AI-generated judicial precedents. Declaring "zero tolerance" for AI hallucinations, the apex court directed the Bar Council of India to establish strict guidelines for lawyers

National Company Law Tribunal’s Allahabad bench had approved Adani Enterprises' Rs 14,535 crore bid to acquire JAL assets, which was challenged by Vedanta with a Rs 17,926 crore offer

Vedanta chairman Anil Agarwal reaffirmed commitment to regular dividends even after the NCLT-approved demerger into five pure-play entities. The group plans a US$20 billion expansion across metals, power, and oil & gas, aiming for significant domestic and global growth

Sirpur Paper Mills (SPM) Private Limited is now facing a crisis again with the rift between management of the factory and lorry owners getting widened over prices for transporting raw material and paper.

Says she was 'appalled' at the extent to which Jaganmohan Reddy strayed from the path of their father late YS Rajasekhara Reddy

The feud between Jagan and Sharmiala took a new turn in the form of the legal battle with a petition being filed last month in the Hyderabad Bench of National Company Law Tribunal

The next hearing has been listed for April 4. Sources close to the company said that the Wednesday timeline for closure of the rights issue will not be extended.

These allotments resulted in the issuance of shares to more than 49 shareholders in one financial year in violation of the Sebi's DIP guidelines.

Last month, a trial court had rejected Singh's anticipatory bail application, citing insufficient grounds for granting relief in light of the overall facts and circumstances of the case and the gravity of the offense.

The tribunal's suggestion came against the backdrop of the crisis-hit carrier issuing shares in lieu of dues to nine aircraft lessors

Last month, a trial court had rejected Singh's anticipatory bail application, citing insufficient grounds for granting relief in light of the overall facts and circumstances of the case and the gravity of the offense.