NCLT to hear case against Jet Airways filed by SBI tomorrow
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, 11:18 AM IST
Lenders file for Jet Airways' bankruptcy; hearing from Wednesday
Jet Airways, started over 25 years ago by airline- ticketing-agent-turned-entrepreneur Naresh Goyal, stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its 100-odd operational airplanes.
Jun 18, 2019, 18:05 PM IST
Finally, Jet Airways lands in NCLT as banks give up revival bid
The once largest private sector airline, started over 25 years ago by airline-ticketing-agent-turned-entrepreneur Naresh Goyal, stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its 100-odd operational airplanes.
Jun 18, 2019, 13:21 PM IST
Banks give up on Jet Airways revival, choose to send it to NCLT
The statement further said the move was necessitated as the prospective investor wants some Sebi exemption deal the deal which can be worked out better under the IBC.
Jun 17, 2019, 18:26 PM IST
IL&FS resolution on track; green cos' Rs 12,000 cr debt likely to be settled by July: Official
The board of diversified IL&FS group, which is estimated to have a debt burden of over Rs 94,000 crore, was superseded by the corporate affairs ministry in October last year.
May 09, 2019, 10:10 AM IST
Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension
IDBI had approached the National Company Law Tribunal (NCLT) seeking extension of the corporate insolvency resolution process (CIRP) beyond the May 6 deadline as the proceedings are still underway to find a buyer for the Jaypee group's realty firm.
May 07, 2019, 09:30 AM IST
Banks can now refer defaulters to NCLT on case by case basis: Bankers
The Supreme Court on Tuesday quashed the RBI's February 12 circular, which prescribed rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy.
Apr 03, 2019, 10:26 AM IST
IL&FS, NCLT accounts roil BoI nos; net loss soars to Rs 4,738 crore
The city-based bank, under the prompt corrective action (PCA) framework of the Reserve Bank since 2017, had reported a net loss of Rs 2,341 crore in the year-ago period.
Jan 29, 2019, 09:54 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
IL&FS ex-directors seek clarification on asset freeze from NCLT
The order had restrained the former directors from mortgaging, or third-party interests or in any way alienating movable or immovable or jointly held properties.
Jan 17, 2019, 15:12 PM IST
Government may come with 3-pronged strategy to deal with IL&FS payment issues
IL&FS and its subsidiaries are facing liquidity crisis and have defaulted on several debt repayments recently.
Oct 11, 2018, 18:00 PM IST
NCLT allows dismissal of IL&FS board; appoints new 6-member board
A new 6-member board headed by Uday Kotak will lead the debt ridden IL&FS board.
Oct 01, 2018, 16:33 PM IST
Govt moves NCLT for management change at IL&FS
Sources close to IL&FS said it is likely to support the application as it will help resolve all the pending issues and reach at a comprehensive solution for the benefit of all stakeholders.
Oct 01, 2018, 15:12 PM IST
Another independent director of Jaypee Infratech resigns; fourth in last one week
Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board.
Sep 17, 2018, 14:31 PM IST
NCLT allows Shivinder to withdraw plea against elder brother Malvinder
A two-member bench of NCLT headed by its Chairman Justice M M Kumar Friday allowed Shivinder to withdraw his plea.
Sep 14, 2018, 17:29 PM IST
Former Fortis Healthcare promoter Shivinder Singh sues brother Malvinder, ends business ties
Shivinder also alleged that collective and ongoing actions of his elder brother and Godhwani led to a systemic undermining of the interests of companies and their shareholders.
Sep 05, 2018, 07:03 AM IST
Cyrus Mistry's plea challenging removal as Tata Sons chairman rejected by tribunal
The Tribunal further added that Mistry was removed because Tata Sons Board and its members lost confidence in him.
Jul 09, 2018, 11:25 AM IST
ICICI Bank's insolvency plea may not be admitted by NCLT: Punj Lloyd
The two-member bench has directed to list the matter on July 24 for next hearing.
Jun 15, 2018, 11:33 AM IST
RCom plea against insolvency to be heard by NCLAT on Tuesday
The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue.
May 28, 2018, 16:27 PM IST
RCom moves NCLAT challenging order allowing plea for its insolvency
Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.
May 22, 2018, 17:06 PM IST
