The National Company Law Tribunal (NCLT) adjourned the hearing in the scheme of arrangement between Walt Disney-owned Star India and its subsidiary Novi Digital Entertainment, which owns the streaming platform Disney+...
NCLT approves Hinduja’s acquisition of bankrupt Reliance Capital
The National Company Law Tribunal (NCLT) on Tuesday approved the ₹9,650 crore resolution plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd, marking a...
NCLT admits Yashraj Containeurs’ voluntary insolvency resolution application
The bankruptcy court has admitted an application filed by listed industrial packaging solutions company Yashraj Containeurs Ltd to admit it for a voluntary corporate insolvency resolution process (CIRP). The company...
NCLT orders insolvency proceedings against Sankalp Siddhi Developers
The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
NCLT set to pronounce ruling on Hinduja group’s resolution plan for Reliance Capital
The bankruptcy court in Mumbai is likely to pronounce its ruling on Tuesday in an application filed by the administrator of Reliance Capital Ltd to approve the company’s acquisition by IndusInd International Holdings...
NCLT orders insolvency proceedings against Fosun’s affiliate realty company
The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
NCLT allows Tata Steel to withdraw merger with TRF
The NCLT has approved Tata Steel’s proposal to withdraw merger with TRF Ltd, according to an exchange filing. On February 7, Tata Steel said that its board has decided not to pursue the amalgamation of TRF Ltd, as...
NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order stayed
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent company of India’s largest sports fantasy...
NCLT grants additional 60 days to finish Go First insolvency process
The National Company Law Tribunal (NCLT) extended by 60 days the deadline for completion of Go First Airline’s corporate insolvency resolution process (CIRP). Last month, the committee of creditors (CoC) of the...
NCLT dismisses lawsuit demanding probe into affairs of Indiabulls Housing Finance
The National Company Law Tribunal (NCLT) has dismissed a lawsuit demanding an investigation into the affairs of Indiabulls Housing Finance that was brought to court by Supertech Realtors. Supertech Realtors alleged that...
Jaypee Infratech insolvency: Monitoring panel seeks NCLT direction to implement Suraksha group’s resolutio
Amid legal challenges for Suraksha group’s successful bid for debt-laden Jaypee Infratech, the monitoring panel set up to oversee the insolvency process has moved the National Company Law Tribunal (NCLT) seeking...
NCLT admits insolvency resolution plea against Dream11 sports platform’s owner Sporta Technologies
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sporta Technologies, which owns India’s largest fantasy sports platform Dream11, under the corporate insolvency resolution process (CIRP) on an...