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NCLAT

NCLAT allows promoters to regain control of firms at liquidation stage

In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.

Sep 04, 2019, 15:26 PM IST

SC extends status quo on Jaypee insolvency resolution

On August 2, the Supreme Court ordered status quo for two weeks on Jaypee Group's plea against NCLAT's order after it was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.

Aug 23, 2019, 09:54 AM IST

NCLAT asks Jet CoC if it will work with Dutch administrator

The debt-riddent Jet Airways is facing insolvency proceedings in The Netherlands too. It was declared bankrupt there after it had failed to pay two European creditors. The Dutch court subsequently appointed a bankruptcy administrator.

Aug 22, 2019, 11:07 AM IST

Jaypee homebuyers still hoping for dream houses

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the resolution period of debt-ridden Jaypee Infratech for another 90 days.

Aug 01, 2019, 12:17 PM IST

ICICI seeks direction on NCLT Allahabad for early hearing on insolvency plea against JAL

In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate.

Jun 17, 2019, 13:22 PM IST

NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.

May 18, 2019, 17:47 PM IST

NCLAT dismisses insolvency plea against SpiceJet

The appellate tribunal said there was nothing on record to suggest that the demand notice relating to invoices issued by Ramco System was forwarded or received by Spicejet.

May 13, 2019, 11:25 AM IST

NCLAT allows banks to declare defaulting ILFS accounts as NPAs

A bench headed by Chairman Justice S J Mukhopadhaya lifted the embargo on the banks to declare the accounts of the debt-ridden IL&FS and its 300 group entities, which are unable to pay their debt.

May 03, 2019, 09:52 AM IST

NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr bid amount for acquiring Essar Steel

A two-member bench headed by Chairman Justice S J Mukhopadhaya said that ArcelorMittal may have to deposit the money in a separate account either before the NCLAT or NCLT Ahmedabad-bench.

Apr 09, 2019, 17:27 PM IST

RBI seeks modification of NCLAT order in ILFS case

A two-member NCLAT bench, headed by Justice S J Mukhopadhaya, has said that it would hear the RBI on the issue.

Mar 19, 2019, 18:02 PM IST

NCLAT gives conditional nod to ArcelorMittal's Rs 42K cr plan for Essar Steel

A two-member bench headed by Justice S J Mukhopadhaya said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the company.

Mar 18, 2019, 16:08 PM IST

NCLAT reserves order in RCom-Ericsson payment case

Lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party.

Mar 14, 2019, 12:34 PM IST

Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues at NCLAT

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.

Feb 28, 2019, 13:09 PM IST

NCLAT adjourns RCom's plea for insolvency to March 6

On February 4, the NCLAT had allowed telecom gear maker Ericsson India to file its objection by February 8 over Reliance Communications' plea to proceed with insolvency process.

Feb 13, 2019, 10:11 AM IST

Govt submits resolution plan for IL&FS, suggests name of Justice D K Jain to supervise process

The entire resolution process would be based on the principles enunciated in the Insolvency and Bankruptcy Code.

Feb 05, 2019, 12:12 PM IST

NCLAT to hear contempt plea against Anil Ambani on February 25

HSBC Daisy moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel.

Jan 22, 2019, 14:18 PM IST

NCLAT suggests appointing a former Supreme Court judge for IL&FS asset sales

The new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders over Rs 90,000 crore.

Jan 11, 2019, 18:21 PM IST

Mistry was removed from Tata Sons without any intimation: Investment firms to NCLAT

Cyrus P Mistry has also moved NCLAT in his personal capacity against his removal.

Jan 09, 2019, 10:26 AM IST

Cyrus Mistry was removed from Tata Sons without any intimation: Investment firms to NCLAT

Mistry was removed as director of all Tata group companies as the trustees had "written to all companies that if you do not remove him, we would take Tata brand name from you."

Jan 09, 2019, 08:40 AM IST

NCLAT to hear plea over moratorium on dues recovery from IL&FS on Jan 28

A two-member bench headed by Justice S J Mukhopadhaya adjourned the matter after briefly hearing the submissions from IL&FS group and its lenders.

Dec 21, 2018, 12:40 PM IST