organization · 13 records
National Company Law Tribunal
Supreme Court flags grossly poor infrastructure at IBC tribunals
The Supreme Court expressed dissatisfaction with the poor infrastructure and significant staff vacancies at the National Company Law Tribunal and the National Company Law Appellate Tribunal.
Chase insolvency cases with large haircuts, ED chief tells officers
The Enforcement Directorate chief has directed officers to target fraud in insolvency cases involving large debt write-offs and to improve coordination with state police.
Supreme Court directs ED, Delhi Police to submit details of cases against Unitech directors
The Supreme Court has ordered the Enforcement Directorate and Delhi Police to provide status reports on cases against Unitech's directors to expedite the trial and protect homebuyers.
NCLT stays debt settlement proposal for Zee Group founder Subhash Chandra
The National Company Law Tribunal has stayed a controversial debt settlement proposal for Zee Group founder Subhash Chandra involving a 22,000 crore loan.
NCLT orders status quo on Byju K3 Education auction assets
The NCLT has ordered a status quo on assets sold in a Byju's K3 Education auction following allegations of a distress sale at a significantly undervalued price.
CBI registers case against Subhash Chandra in 1322 crore fraud case
The CBI has filed a case against Zee founder Subhash Chandra and others for an alleged 1,322 crore fraud involving loans from LIC Housing Finance Limited.
NCLT reconstitutes five judge bench for Subhash Chandra insolvency case
NCLT reconstitutes a five-judge bench to reconsider payment plan dispute in insolvency case involving Subhash Chandra.
Parliamentary panel recommends changing minimum and maximum director age limits
A parliamentary panel suggests lowering the minimum director age to eighteen years and raising the maximum director age to seventy-five years, while recommending special NCLT benches for insolvency matters.
Jet Airways Boeing 777 freighter conversion departs Mumbai
Jet Airways departs its first Boeing 777 freighter conversion in Mumbai after years of grounding, as part of an ongoing liquidation sale to Ace Aviation.
Vedanta plans to demerge surplus real estate into separate company
Vedanta announced plans to demerge surplus real estate assets into a separate company named Vedanta Property Platforms to unlock shareholder value.
NCLAT upholds nine hundred crore resolution plan for bankrupt Rolta India
The National Company Law Appellate Tribunal upheld a ₹900-crore resolution plan for bankrupt Rolta India, rejecting the Department of Telecommunications' plea to recover its full admitted claims.
BMC committee returns SevenHills hospital revival proposal for reconsideration
The BMC Improvement Committee returned a proposal to revive SevenHills Hospital under new ownership to the administration for reconsideration following political opposition regarding the timing and transparency of the move.
Indo Borax shares decline twelve percent following subsidiary merger approval
Shares of Indo Borax & Chemicals fell about 12% after the company's board approved the merger of its wholly-owned subsidiary Indo Borax Infrastructure into the parent.