The Mumbai bench of the National Company Law Tribunal (NCLT) gave Sony Group Corp. entities three weeks to respond to a plea filed by a shareholder of Zee Entertainment Enterprises seeking the implementation of the...
NCLT clears J Kumar infra’s bid to buy Pranav Construction
The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd. As part of the insolvency process, J Kumar Infraprojects has proposed to pay...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal
Days after its $10 billion merger transaction with Sony India collapsed, Zee Entertainment Enterprises moved the National Company Law Tribunal (NCLT), appealing to the court to direct Sony India to implement the merger...
NCLT defers SpiceJet-Celestial hearing amid settlement talks
The National Company Law Tribunal deferred hearing a case involving low-cost carrier SpiceJet and aircraft lessor Celestial Aviation Services Ltd on Thursday after the two sides informed the court that they were in...
NCLT approves merger of Tata Metaliks with parent; not to announce separate quarterly results
The National Company Law Tribunal has sanctioned the amalgamation of Tata Metaliks Ltd into its parent Tata Steel, which led to the cancellation of board meeting ahead of financial results announcement of the subsidiary...
Air India Express taps NCLT doors for final nod to its merger plans with AIX
In a strategic move for the coming year, Tata Group is progressing towards the consolidation of its four airlines. According to a TOI report, Air India Express has initiated the ‘second motion’ for a final...
NCLT approves demerge of Thermax arms Thermax Cooling Solution, Thermax Instrumentation
Thermax on Tuesday said that the National Company Law Tribunal (NCLT) has approved the demerger of its arms Thermax Cooling Solutions and Thermax Instrumentation. “National Company Law Tribunal, Mumbai Bench vide...
NCLT okays BTL EPC’s McNally Bharat offer
The bankruptcy court in Kolkata has approved the acquisition of Khaitan family-promoted listed engineering firm McNally Bharat Engineering Co by BTL EPC. McNally Bharat had admitted liabilities of ₹5,015 crore. 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...
NCLT approves Swan Energy’s loan repayment to Reliance Naval by one year
Swan Energy Limited (SEL) has received a one-year extension from NCLT for the payment of second tranche due to the lenders of Reliance Naval and Engineering Limited (RNEL). As per the resolution plan, an amount of Rs...