National Company Law Tribunal

Murari Lal Jalan-Gupta brothers link revealed in Jet Airways resolution plan?

We had earlier revealed the business and family links between the two families. Today we will show you where Murari Lal Jalan himself has given in writing that he has a connection with the family of the Gupta brothers.

Mar 25, 2021, 16:28 PM IST

Will Jalan be able to buy Jet Airways? Security clearance in doubt as DGCA steps in

Following the revelations of Zee News, the DGCA filed an affidavit in the NCLT in the Jet Airways case. This affidavit states that even if a resolution plan is approved by NCLT to purchase Jet Airways, it will not be considered complete until it gets security clearance from the government.

Mar 18, 2021, 19:39 PM IST

NCLT suspends Delhi Gymkhana Club's board, asks Ministry of Corporate Affairs to appoint administrator

"We accordingly modify the interim relief by directing suspension of the GC and appointment of an Administrator to be nominated by the Union of India to manage the affairs of the Club,” said the tribunal's order. The order comes after several discrepancies in the operation of the club came to light.

 

Feb 15, 2021, 14:46 PM IST

Jet Airways crisis: Fresh expressions of interest invited for defunct airline

In March this year, the National Company Law Tribunal (NCLT) had allowed 90 days' extension for the corporate insolvency resolution process of the airline.

May 14, 2020, 01:07 AM IST

Jet Airways lenders panel holds meeting to assist grounded airline

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with public sector lenders having significant exposure.

May 06, 2020, 22:45 PM IST

Ruchi Soya stock hits upper circuit after NCLT order

The order stated that, Patanjali will "infuse the amount of Rs 4,350 crore in the SPV (special purpose vehicle) -- 'Patanjali Consortium Adhigrahan'-- which will be later amalgamated with Ruchi Soya.

Sep 09, 2019, 16:07 PM IST

IL&FS cuts nearly 50% staff since October for cost cutting

In its fifth progress report on the group`s resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT), the company said that the measure has helped reduce its wage bill by nearly 47 per cent.

Aug 14, 2019, 17:15 PM IST

NCLT admits Jet for bankruptcy, sets 90 days for resolution

The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed by the lenders' consortium led by State Bank against Jet Airways.

Jun 20, 2019, 20:11 PM IST

NCLT adjourns hearing on Jet Airways to June 20

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.

Jun 13, 2019, 17:54 PM IST

Cabinet clears creation of 6 additional posts in NCLAT

NCLAT is a quasi-judicial body that hears appeals against rulings of the National Company Law Tribunal.

Mar 28, 2019, 17:45 PM IST

RCom plunges to record low after approaching bankruptcy court

The stock plunged as much as 54.3 percent to 5.3 rupees apiece on Monday.

Feb 04, 2019, 11:07 AM IST

Jaypee Infratech lenders extend deadline till February 15 for resolution plans

Jaypee Infratech, a subsidiary of Jaypee Group's flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 units.

Jan 24, 2019, 18:09 PM IST

Vodafone Idea to merge Aditya Birla Telecom

The scheme is subject to approval of the National Company Law Tribunal, Ahmedabad.

Sep 18, 2018, 10:47 AM IST

ICICI Banks files insolvency plea against Jaiprakash Associates

If NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.

Sep 11, 2018, 10:37 AM IST

Former Fortis Healthcare promoter Shivinder Singh sues brother Malvinder, ends business ties

 Shivinder also alleged that collective and ongoing actions of his elder brother and Godhwani led to a systemic undermining of the interests of companies and their shareholders.

Sep 05, 2018, 07:03 AM IST

SC asks NCLT to deal with insolvency proceedings against Jaypee group

A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.

Aug 09, 2018, 12:33 PM IST

Cyrus Mistry's plea challenging removal as Tata Sons chairman rejected by tribunal

The Tribunal further added that Mistry was removed because Tata Sons Board and its members lost confidence in him.

Jul 09, 2018, 11:25 AM IST

ICICI Bank's insolvency plea may not be admitted by NCLT: Punj Lloyd

The two-member bench has directed to list the matter on July 24 for next hearing.

Jun 15, 2018, 11:33 AM IST

NCLAT directs RP to give comments only on revised bids of Binani Cement

The National Company Law Appellate Tribunal (NCLAT) made the remarks while hearing an application filed by UltraTech in the Binani Cement insolvency matter.

May 15, 2018, 18:41 PM IST

NCLT approves Tata Steel bid for Bhushan Steel

The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.

May 15, 2018, 12:07 PM IST