Grounded Go First Airline Receives 90-Day Extension From NCLT For Resolution
Go First Airlines remains inactive, receiving a 90-day moratorium extension from NCLT for insolvency resolution. Failure may lead to liquidation by Feb 4, 2024.
Nov 23, 2023, 19:19 PM IST
Another NCR-based real estate company on verge of bankruptcy? NCLT initiates insolvency process
The National Company Law Tribunal has initiated insolvency proceedings against Ananda Divine Developers, which is a step-down company of NCR-based realty firm ATS Infrastructure.
Apr 06, 2022, 16:36 PM IST
Realty association writes to CM Yogi, seeks help to save builders from bankruptcy
Naredco's Uttar Pradesh Chapter represents developers having projects mainly under Noida, Greater Noida and Yamuna Expressway industrial development authorities.
Apr 02, 2022, 17:40 PM IST
Supertech declared insolvent; 25,000 homebuyers in tizzy
The Supreme Court has ordered the demolition of Supertech Ltd's twin 40-storeyed towers.
Mar 25, 2022, 17:27 PM IST
NCLAT rejects Kotak Bank's plea to set aside insolvency proceedings against MSEL
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolvency proceedings against the manufacturer of mineral processing equipment.
Dec 01, 2021, 19:04 PM IST
Supreme Court slams government for 'cherry-picking' in tribunal appointments
The Suprem Court bench said, "not happy about how Centre has acted on recommendations of search cum selection committees for appointments in various Tribunals."
Sep 15, 2021, 18:36 PM IST
Murari Lal Jalan-Gupta brothers link revealed in Jet Airways resolution plan?
We had earlier revealed the business and family links between the two families. Today we will show you where Murari Lal Jalan himself has given in writing that he has a connection with the family of the Gupta brothers.
Mar 25, 2021, 16:28 PM IST
Will Jalan be able to buy Jet Airways? Security clearance in doubt as DGCA steps in
Following the revelations of Zee News, the DGCA filed an affidavit in the NCLT in the Jet Airways case. This affidavit states that even if a resolution plan is approved by NCLT to purchase Jet Airways, it will not be considered complete until it gets security clearance from the government.
Mar 18, 2021, 19:39 PM IST
NCLT suspends Delhi Gymkhana Club's board, asks Ministry of Corporate Affairs to appoint administrator
"We accordingly modify the interim relief by directing suspension of the GC and appointment of an Administrator to be nominated by the Union of India to manage the affairs of the Club,” said the tribunal's order. The order comes after several discrepancies in the operation of the club came to light.
Feb 15, 2021, 14:46 PM IST
Jet Airways crisis: Fresh expressions of interest invited for defunct airline
In March this year, the National Company Law Tribunal (NCLT) had allowed 90 days' extension for the corporate insolvency resolution process of the airline.
May 14, 2020, 01:07 AM IST
Jet Airways lenders panel holds meeting to assist grounded airline
The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with public sector lenders having significant exposure.
May 06, 2020, 22:45 PM IST
Ruchi Soya stock hits upper circuit after NCLT order
The order stated that, Patanjali will "infuse the amount of Rs 4,350 crore in the SPV (special purpose vehicle) -- 'Patanjali Consortium Adhigrahan'-- which will be later amalgamated with Ruchi Soya.
Sep 09, 2019, 16:07 PM IST
IL&FS cuts nearly 50% staff since October for cost cutting
In its fifth progress report on the group`s resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT), the company said that the measure has helped reduce its wage bill by nearly 47 per cent.
Aug 14, 2019, 17:15 PM IST
NCLT admits Jet for bankruptcy, sets 90 days for resolution
The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed by the lenders' consortium led by State Bank against Jet Airways.
Jun 20, 2019, 20:11 PM IST
NCLT adjourns hearing on Jet Airways to June 20
Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India, which now run the airline, while it has a much larger debt pile by way of accumulated losses to the tune of Rs 13,000 crore and vendor dues of over Rs 10,000 crore and salary dues of over Rs 3,000 crore.
Jun 13, 2019, 17:54 PM IST
Cabinet clears creation of 6 additional posts in NCLAT
NCLAT is a quasi-judicial body that hears appeals against rulings of the National Company Law Tribunal.
Mar 28, 2019, 17:45 PM IST
RCom plunges to record low after approaching bankruptcy court
The stock plunged as much as 54.3 percent to 5.3 rupees apiece on Monday.
Feb 04, 2019, 11:07 AM IST
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Jaypee Infratech, a subsidiary of Jaypee Group's flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 units.
Jan 24, 2019, 18:09 PM IST
Vodafone Idea to merge Aditya Birla Telecom
The scheme is subject to approval of the National Company Law Tribunal, Ahmedabad.
Sep 18, 2018, 10:47 AM IST
ICICI Banks files insolvency plea against Jaiprakash Associates
If NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
Sep 11, 2018, 10:37 AM IST
