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...
NCLT approves merger between Hinduja Group’s healthcare, real estate companies
The National Company Law Tribunal (NCLT) has approved the scheme of merger by absorption between Hinduja Group’s unlisted entities Hinduja Realty Ventures Ltd and Hinduja Healthcare Ltd. The order, delivered on...
NCLT refuses to stay Byju’s EGM to increase its authorised share capital
The National Company Law Tribunal on Thursday refused to stay Byju’s extraordinary general meeting (EGM) that will be held today to augment the authorised share capital of the beleaguered edtech company, giving...
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...
NCLT directs IIHL to complete Reliance Capital’s resolution plan within 90 days
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday allowed an application filed by the administrator of Reliance Capital and directed Hinduja Group-owned IndusInd International Holdings Ltd (IIHL)...
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 rejects resolution plan for Cambay Hotels operator
The bankruptcy court in Ahmedabad has rejected Gujarat-based Express Group of Hotels’ revival plan for Neesa Leisure Ltd, which operates a luxury hotel chain under the brand Cambay. The company has admitted liabilities...
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...
NCLT approves merger of Saavn Holdings with group firm
The National Company Law Tribunal (NCLT) has approved the merger of Saavn Holdings into Saavn Media, the company that owns and operates audio streaming platform JioSaavn. Delaware-based Saavn Holdings, a subsidiary of...
NCLT approves Aditya Birla group plan to merge NBFCs: Sources
Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resources and greater economies of scale, following approval by the National...
IFFCO moves NCLT against Triumph Offshore, Swan Energy
IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders...