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
After Supertech, now Logix group facing bankruptcy; fate of around 2700 home buyers uncertain
Collier International (India) Property Services has reached NCLT against Logic Builder.
Mar 29, 2022, 15:41 PM IST
Supertech to challenge NCLT order in National Company Law Appellate Tribunal
Meanwhile, Supertech, in a statement, said that it will challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT).
Mar 26, 2022, 11:57 AM 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
Supreme Court junks Devas Multimedia's appeal against NCLAT order
The NCLT's direction came over a petition filed by Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO).
Jan 17, 2022, 15:23 PM IST
ZEEL gets time till October 22 to respond to Invesco’s plea
The National Company Law Tribunal (NCLT) has asked ZEEL to respond to Invesco's plea by October 22.
Oct 08, 2021, 16:08 PM IST
Big jolt to Invesco! NCLAT directs NCLT to give reasonable time to ZEEL to respond
A ZEEL spokesperson said that the company continues to have full faith in the Indian judicial system and will take all the necessary steps that are in the best interests of all its shareholders.
Oct 07, 2021, 21:32 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
Videocon fraud case: NCLT orders freezing, attaching of assets owned by firm’s promoters
NCLT Mumbai bench has directed CDSL and NSDL to freeze the securities owned or held by the Videocon promoters "in any company or society."
Sep 01, 2021, 15:20 PM IST
NSE suspends trading of DHFL shares from June 14, here's why
On June 8, DHFL had already informed the exchange regarding the approval of the resolution plan by the National Company Law Tribunal (NCLT), Mumbai bench which provides for delisting of equity shares of the company, NSE said.
Jun 12, 2021, 21:22 PM IST
Cafe Coffee Day on the verge of bankruptcy? India's popular hangout chain has a debt of Rs 280 crores
Cafe Coffee Day (CCD), which is India’s favourite hangout place is possibly at the verge of bankruptcy. According to a Business Standard report, this extremely popular café chain is has a whopping debt of Rs 280 crores.
Apr 08, 2021, 15:09 PM IST
Fact check: Oyo did not apply for bankruptcy, clarifies CEO
Oyo CEO Ritesh Agarwal denied claims via a series of tweets and said that OYO has not filed for bankruptcy. THe NCLT order pertains to the Ahmedabad entity and not exactly for Oravel Stays Pvt Ltd.
Apr 07, 2021, 13:24 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: MPs to raise issue again as employees seek govt help
Several MPs cutting across party lines have expressed their support for the early revival of the now grounded Jet Airways, saying that they will again raise the issue in the ongoing winter session of Parliament.
Dec 03, 2019, 20:36 PM IST
Liquidation process of Jet Airways to begin in near future: Sources
Cash-strapped Jet Airways stopped its operations on April 17 after lenders refused to extend emergency funding to keep the airline afloat.
Nov 05, 2019, 11:06 AM 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
Jet Airways Employee Consortium, AdiGroup to bid for 75% of airline
The debt-laden company became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the SBI on behalf of 26 lenders on June 20.
Jun 28, 2019, 17:18 PM IST
Jet Airways: Pilots, engineers unions want to be made parties in NCLT hearing
A consortium of 26 bankers led by the SBI took the cash-strapped airline to the NCLT to recover their dues of over Rs 8,500 crore.
Jun 19, 2019, 15:24 PM IST
