Hinduja National Power Corporation Ltd (HNPCL) on Tuesday requested the National Company Law Tribunal that the insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd against it be dismissed...
Bankruptcy court disposes off insolvency applications against Mumbai Metro One
The Mumbai bench of the National Company Law Tribunal (NCLT) has disposed of two separate insolvency resolution applications filed by the State Bank of India and IDBI Bank against Mumbai Metro One. The borrower is a...
NCLAT upholds NCLT order in Smaaash insolvency case
The National Company Law Appellate Tribunal (NCLAT) has upheld an order by the National Company Law Tribunal (NCLT) in November 2023 that set aside the ‘fraudulent’ transfer of the Smaaash brand by founder Shripal...
NCLAT stays insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of...
NCLAT upholds insolvency proceedings against Tulip Hotels over default of guarantees
The National Company Law Appellate Tribunal (NCLAT) has upheld the insolvency proceedings against Tulip Hotels, which had defaulted on Rs 450 crore corporate guarantees given for Cox & Kings and EzeeGo One Travel...
NCLAT rejects homebuyers’ plea for insolvency against Ansal Hi-tech Township
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida. The appellate...
NCLT admits insolvency resolution plea against erstwhile promoter of DHFL Dheeraj Wadhawan
The National Company Law Tribunal in Mumbai has admitted Union Bank of India’s application to initiate insolvency resolution proceedings against Dheeraj Wadhawan, the erstwhile promoter of Dewan Housing Finance (DHFL)...
NCLT rejects promoter’s resolution plan in Wadhwa Buildcon insolvency matter
The National Company Law Tribunal (NCLT) has declared the resolution plan submitted by the promoters of Wadhwa Buildcon LLP as invalid citing the conduct of the Resolution Professional (RP) as a key factor given that...
NCLAT sets aside DB Realty insolvency process as co, lender settles matter
The National Company Law Appellate Tribunal (NCLAT) has set aside an insolvency resolution process against property developer DB Realty, renamed as Valor Estate, after the company and its lender Bank of India reached a...
Wilmington moves NCLAT in SpiceJet insolvency case
Wilmington Trust SP Services, Thursday, argued before the National Company Law Appellate Tribunal on Thursday to overturn the National Company Law Tribunal, Delhi’s January order dismissing its insolvency petition...
NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta
The Ahmedabad bench of the National Company Law Tribunal has admitted an insolvency resolution application against Jatin Rajnikant Mehta, the personal guarantor of bankrupt Winsome Diamonds and Jewellery, for a default...
NCLT admits NCR Rail Infrastructure for insolvency resolution
The National Company Law Tribunal (NCLT) in Mumbai on Thursday admitted an insolvency resolution application against NCR Rail Infrastructure (previously Arshiya Rail Infrastructure) and appointed Bhuvan Madan as the...