The National Company Law Tribunal, Bengaluru, Wednesday, issued notice to edtech behemoth Byju’s in an insolvency proceeding filed by customer support company Teleperformance Business Services India Ltd. Teleperformance...
NCLT admits Vadraj Cement for insolvency process
Vadraj Cement, which was stuck in liquidation for more than five years under the Bombay High Court, has been shifted to the National Company Law Tribunal (NCLT) for debt resolution, giving lenders a glimmer of hope to...
Bankruptcy court admits insolvency resolution plea against Helios Photo Voltaic
The principal bench of the National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Helios Photo Voltaic Ltd, earlier known as Moser Baer Photo...
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea of an operational creditor to initiate insolvency proceedings against Aditya Birla Fashion and Retail Ltd (ABFRL). The appellate tribunal upheld the...
NCLT admits insolvency plea against Ansal Props’ promoter
National Company Law Tribunal (NCLT) has admitted a personal insolvency application filed by Indian Bank against realtor Pranav Ansal, the promoter of Ansal Properties and Infrastructure, as per the contents of a court...
JSL gets board approval to acquire Rabirun Vinimay for Rs 96 crore via insolvency
Jindal Stainless Limited (JSL) said its board of directors has approved the acquisition of Rabirun Vinimay Private Ltd which is under liquidation. The cost of the acquisition is Rs 96 crore, JSL said in a regulatory...
Supreme Court to hear insolvency plea against Zee promoters, issues notices
The Supreme Court has issued notices to two promoter companies of Zee Entertainment Enterprises Ltd, agreeing to hear a plea filed by IDBI Trusteeship Services for insolvency proceedings. IDBI Trusteeship had challenged...
NCLT admits Sahara group subsidiary into insolvency
The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai...
NCLT admits plea to initiate insolvency against Sahara Group entity Sahara Q Shop
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sahara Q Shop Unique Products Range Ltd, the FMCG and retail arm of Sahara India Pariwar, under the Corporate Insolvency Resolution Process...
NCLAT to hear IDBI’s insolvency plea against Zee Entertainment today
A three-member bench of the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today). The case...
SpiceJet gets some respite as NCLT dismisses Willis Lease plea for insolvency
In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart...
NCLT junks insolvency plea against SpiceJet
The National Company Law Tribunal on Monday dismissed the insolvency petition filed by Willis Lease Finance Corporation against budget airline SpiceJet. Willis Lease Finance Corporation had filed a petition under...