The National Company Law Tribunal (NCLT) on Monday admitted applications filed by Go First lessors Jackson Square Aviation Private Ltd and Engine Lease Finance BV and directed the insolvency resolution professional...
NCLT junks insolvency plea against Simplex, cites co’s stuck receivables
In a setback to banks, the Kolkata bench of the National Company Law Tribunal (NCLT) has dismissed a petition by the Central Bank of India to start insolvency proceedings against Simplex Infrastructures, noting that the...
Bed Bath & Beyond files for bankruptcy, its stores to remain open for customers
Following years of dismal sales and losses, US retailer Bed Bath & Beyond on Sunday filed for bankruptcy. The company has listed its assets and liabilities in the range of $1 billion to $10 billion. The move comes...
Ladbrokes owner Entain buys sports media business 365scores
British gambling group Entain Plc said it acquired sports media business 365scores for up to $160 million to improve its interactive content and experience for users. The acquisition includes contingent payments of up...
US regulator approves Canadian Pacific purchase of Kansas City Southern
The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific’s $31 billion acquisition of railroad company Kansas City Southern with a series of environmental and...
NCLT adjourns ZEE lenders’ matter against proposed merger to 9 March
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the matter related to applications filed by certain lenders and creditors, against the proposed merger of media and entertainment company...
NCLT admits insolvency plea against Future Supply Chain Solution
The National Company Law Tribunal (NCLT) on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future Supply Chain Solutions Ltd (FSCSL), a part of Future Group firm, in a...
Court approves Swan Energy team’s resolution plan for Reliance Naval
The bankruptcy court approved a resolution plan by the Swan Energy-Hazel Mercantile team consortium for Anil Ambani-owned Reliance Naval and Engineering Ltd (RNEL). The Ahmedabad court Friday gave an oral order...
Google seeks stay on CCI order in NCLAT
Google has moved the National Company Law Appellate Tribunal (NCLAT) seeking a stay on an order of the Competition Commission of India (CCI) that has imposed a penalty of ₹1,337.76 crore on the US tech giant for...
Future Group’s plea for termination of arbitration proceedings rejected by Delhi HC
Future Group’s plea for termination of arbitration proceedings has been dismissed by the Delhi HC. The proceedings had been initiated by Amazon at the Singapore International Arbitration Court (SIAC). The...
NCLT admits SBI’s insolvency plea against Gayatri Projects
The Hyderabad bench of the National Company Law Tribunal (NCLT) has admitted a petition by the State Bank of India (SBI) to start bankruptcy proceedings against Gayatri Projects as lenders increase pressure on the debt...
Future Retail case: Amazon moves SC seeking restart of arbitration proceedings
In a new development in the tussle over Future Retail, Amazon has moved the Supreme Court for allowing arbitration proceedings to restart at the Singapore International Arbitration Centre (SIAC). Representing Amazon NV...