The National Company Law Appellate Tribunal (NCLAT) Wednesday dismissed a petition by HDFC to initiate insolvency proceedings against RHC Holding, an entity promoted by billionaire brothers Malvinder Mohan Singh and
Category: IBC
JSW Steel seeks immunity from litigation against Bhushan Power – The Economic Times
JSW Steel has sought immunity from future litigations against Bhushan Power & Steel for any illegal activity under the previous management amid reports of alleged
3 of the 7 IBC amendments credit positive for banks: Report – The Economic Times
The report said the NCLAT ruling could have had material implications for recoveries by banks, pointing out that Essar is the largest NPA being tackled
Essar insolvency case: SC orders status quo in Essar insolvency case–Economic Times
The Supreme Court on Monday ordered that status quo be maintained for now on the proposed sale of ailing Essar SteelNSE 0.00 % to Arcelor-Mittal till the court examined
Jet Airways: Dutch bankruptcy administrator moves NCLAT on Jet Airways matter–Economic Times
Dutch bankruptcy administrator Friday moved the National company Law Appellate Tribunal (NCLAT) on the Jet AirwaysNSE -4.01 % matter, which has agreed to hear the case here. A three-member NCLAT
NCLT gives Hotel Leelaventure two months to comply with new Sebi directives – The Economic Times
Hotel Leelaventure Thursday got two months time from NCLT to comply with the latest Sebi directives asking the hospitality company to make additional disclosures to shareholders to proceed with its
Companies Bill aims to cut NCLT load, tighten CSR compliance – The Economic Times
The government introduced the Companies (Amendment) Bill, 2019, in the Lok Sabha on Thursday, which seeks to tighten corporate social responsibility compliance and reduce the load of
Will pay creditors entire outstanding amount; complete pending projects in 3 years: Jaypee Infra – The Economic Times
Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three
ministry of corporate affairs: NCLT allows the Ministry of Corporate Affairs plea to implead 22 more parties – The Economic Times
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the petition of the Ministry of Corporate Affairs (MCA) to implead 22 more parties as accused in
IL&FS gets approval for sale of wind projects to Orix Corp – The Economic Times
Cash strapped Infrastructure Leasing and Financial Services (IL&FS) Monday said it has received approval from NCLAT appointed Justice (Retd) D K Jain for the proposed
JetLite employees seek dues; plans to move NCLT – The Economic Times
A section of employees of JetLite, a wholly-owned subsidiary of defunct Jet AirwaysNSE -4.01 %, Tuesday said their claims should also be included in the ongoing insolvency
Jaypee Infra: NCLAT reserves order on extension of resolution process – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Monday reserved the order over IDBI BankNSE -3.14 %‘s request to extend Jaypee InfratechNSE -3.45 %‘s (JIL) resolution process
Financial creditors recover more under IBC, says Economic Survey | Business Standard News
The Economic Survey said while the sustainable impact of the Insolvency and Bankruptcy Code (IBC) would be known in due course, green shoots had already emerged and
All you need to know about…Buyback tax – The Hindu BusinessLine
Finance Minister Nirmala Sitharaman in her maiden Budget, proposed to levy a tax on buybacks by listed companies. The tax, at 20 per cent, may
Helping MSMEs – The Hindu BusinessLine
The Budget proposes a slew of steps, but endemic concerns remain When IL&FS defaulted on its debt repayments in September 2018, it led to the
Helping hand to MSMEs – The Hindu BusinessLine
With reference to the editorial “Helping MSMEs”(July 8), an important statement in it is “access to low cost finance and problem of locked up working
Fresh scam at PNB may delay Bhushan Power resolution – NEWS – The Hindu BusinessLine
The recent Rs. 3,805-crore scam involving Bhushan Power and Steel unearthed by Punjab National Bank may complicate the acquisition of the company by JSW Steel.
Better use of technology could help resolve IBC cases quickly – NEWS – The Hindu BusinessLine
India has made a decent start in its bid to build an ecosystem for insolvency and bankruptcy, but more dividends could be reaped if the
Defaulting educational institutions: Trusts, societies should be brought under IBC, says Indian Bank chief – The Hindu BusinessLine
Padmaja Chunduru, Managing Director and CEO, Indian Bank – BusinessLine Public sector Indian Bank on Saturday requested the Insolvency and Bankruptcy Board of India
Scam may delay JSW’s buy of Bhushan Power – Today’s Paper – The Hindu BusinessLine
Full text of the judgment: O R D E R 05.07.2019 The Appellant, one of the ‘Resolution Applicant’ has preferred this appeal against the order dated
