National Company Law Tribunal News
A two-member Delhi-based Principal bench of the NCLT had on March 25 admitted a plea filed by ICICI Prudential Venture. The insolvency tribunal has appointed Harish Taneja as the Interim Resolution Professional to take over the management of the company. The tribunal has also suspended the board of Ananda Divine Developers.
The SC gave the last opportunity to the government to make good appointments within two weeks and give reasons for rejecting recommended names It also observed that it is distressing that names recommended by a selection panel, comprising two SC judges and two secretaries are being treated with disdain
Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India, which now run the airline, while it has a much larger debt pile by way of accumulated losses to the tune of Rs 13,000 crore and vendor dues of over Rs 10,000 crore and salary dues of over Rs 3,000 crore.