National Company Law Tribunal

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

NCLT asks Binani Cement's CoC to consider UltratTech's revised bid

The NCLT bench also directed the CoC to consider Dalmia Bharat Group's RPPL resolution plan if it matches UltraTech's offer.

May 02, 2018, 17:55 PM IST

NCLT approves Vedanta's resolution plan for Electrosteel

Vedanta informed stock exchanges that it was declared "successful resolution applicant" under the insolvency process and had received the Letter of Intent.

Apr 17, 2018, 17:09 PM IST

Binani Industries to move Supreme Court with Rs 7,618 crore offer

Redeeming the pledge will mean seeking an end to the bankruptcy proceedings against it from the National Company Law Tribunal (NCLT).

Apr 09, 2018, 11:25 AM IST

Binani Cement's CoC decides to stick with Rs 6,350 crore offer from Dalmia Bharat Cement

The decision was taken at a late night meeting of the CoC held in Kolkata.

Apr 05, 2018, 10:50 AM IST

Will Reliance Jio, Airtel help in keeping Aircel's network running?

Aircel has filed for bankruptcy saying high debt and mounting losses, following a price war triggered by a new entrant, have led the company to troubled times.

Mar 02, 2018, 12:19 PM IST