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...
NCLT dismisses plea against Pancard Clubs resolution plan
The National Company Law Tribunal (NCLT) has dismissed a petition filed by Ashdan Properties against Chemhub Tradelink’s committee of creditors-approved resolution plan for Pancard Clubs. Ashdan was one of the...
NCLT approves Indian Sugar Manufacturing’s acquisition by Sri Dutt Biofuels Pvt Ltd
The bankruptcy court has approved a proposal from a consortium comprising Shri Dutt India Pvt Ltd and Shri Dutt Biofuels Pvt Ltd to acquire Indian Sugar Manufacturing Company Ltd. The consortium has offered to pay Rs...
ZEE shareholder Mad Man Film Ventures files fresh application in NCLT against Sony
ZEE shareholder Mad Man Film Ventures has filed another application before the National Company Law Tribunal (NCLT) on Friday stating that Sony cannot pre-empt proceedings while the matter is pending before the tribunal...
NCLT issues notice to Byju’s in insolvency case filed by a BPO service provider
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...
Sony challenges maintainability of Zee’s application before NCLT
Sony Group’s India units Culver Max Entertainment and Bangla Entertainment have filed applications before the National Company Law Tribunal (NCLT) challenging the maintainability of Zee Entertainment...
NCLT issues notice on Zee’s plea seeking implementation of Sony merger
The National Company Law Tribunal’s Mumbai bench has issued a notice on Zee Entertainment’s plea seeking the implementation of merger with Sony Pictures’ India arm. The tribunal will take up the case...
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...
Can go to NCLT to enforce Sony merger deal after SIAC rejects petition: Zee
Zee Entertainment can ask an Indian tribunal to enforce a $10 billion merger with Sony’s Indian unit after a Singapore arbitration centre rejected an emergency petition by the Japanese company for a stay of...
Restrain ZEE from seeking relief from NCLT or other courts: Sony to SIAC
Sony Group-owned entities Culver Max Entertainment and Bangla Entertainment have urged the Singapore International Appellate Tribunal (SIAC) to restrain Zee Entertainment Enterprises (ZEE) from seeking legal remedies...