NCLT
Moneylife Digital Team 07 July 2021
The National Company Law Appellate Tribunal (NCLAT) has passed an order on 30th June stating that it is empowered to refuse insolvency applications if there are signs of collusion and mala fide intent.

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The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Principal Bench of NCLT that the Ministry of Corporate Affairs (MCA) will have to be made a party to every case under the Insolvency and Bankruptcy Code (IBC).

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Full Edition
Moneylife Online Magazine
Lead Article
COMPANIES & SECTORS
Sucheta Dalal , 30 September 2021
On 22nd September, there was a new twist to the Zee Entertainment Enterprises (ZEEL) drama when its board of directors granted in-principle approval to a merger with Sony Pictures Networks India (SPNI)

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In a relief for the Jet Airways' lenders, the National Company Law Tribunal (NCLT) on Wednesday approved their request for an extension to the corporate insolvency resolution process (CIRP) of the airline by another 90 days.

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The National Company Law Tribunal (NCLT) on Thursday admitted the State Bank of India's insolvency plea against the now-grounded Jet Airways.

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The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that the lenders of Jaypee Infratech (JIL) can vote against the NBCC's bid to acquire the insolvent real estate company.

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The Mumbai bench of the National Company Law Tribunal (NCLT) has directed market regulator Sebi to conclude its investigation in the proposed sale of Hotel Leela Venture's several assets to Brookfield by the next hearing on July 8.

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Moneylife Digital Team 20 May 2019
The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (SEBI) to de-attach the properties of a corporate debtor attached during its execution proceedings.

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The Delhi bench of the National Company Law Tribunal (NCLT) has dismissed ICICI Bank's plea to initiate insolvency proceedings against Era Infrastructure.

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In a major relief for state-run construction major NBCC, the Allahabad bench of the National Company Law Tribunal (NCLT) on Monday asked the Committee of Creditors (CoC) of Jaypee Infratech (JIL) to consider NBCC's revised bid to acquire the insolvent realty company.

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IDBI Bank, the prime lender of Jaypee Infratech (JIL), has approached the Delhi bench of National Company Law Tribunal (NCLT) seeking extension of the 270-day deadline for the resolution of the company, sources said.

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Hotel Leelaventure on Tuesday said the diversified conglomerate ITC Ltd has filed a petition against it before the Mumbai bench of the National Company Law Tribunal (NCLT) for alleged

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Lenders will cite one day default clause under Insolvency and Bankruptcy Code (IBC) to defend their action against erring promoters taken to insolvency under the now defunct February 12, 2018 circular of the Reserve Bank of India (RBI).

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In a decision likely to have a major impact on insolvency proceedings, the Chennai bench of the National Company Law Tribunal (NCLT) has said that any lender with vested interest in, or having relations with, a corporate debtor should not be part of the Committee of Creditors (CoC) in a resolution process.

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The National Company Law Tribunal's (NCLT) New Delhi bench has ruled that the dues of provident fund (PF), pension and gratuity do not form the part of liquidation estate of corporate debtors.

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Moneylife Digital Team IANS 08 March 2019
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday approved AreclorMittal's Rs 45,000 crore resolution plan for the insolvent Essar Steel

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The city bench of the National Company Law Tribunal (NCLT) on Thursday clarified that a 51 per cent vote of the Committee of Creditors (CoC) was enough to initiate a forensic audit of an insolvent company.

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IANS 25 February 2019
The State Bank of India (SBI) on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) to recover loans from private carrier Jet Airways and called media reports in this regard

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IANS 06 February 2019
The National Company Law Tribunal (NCLT) Mumbai on Tuesday ordered the liquidation of the debt-hit fashion textile major Reid & Taylor after all attempts to revive it failed.

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Moneylife Digital Team 01 October 2018
The National Company Law Tribunal (NCLT) after hearing the government’s petition has approved the takeover of the board of Infrastructure Leasing and Financial Services (IL&FS)

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Moneylife Digital Team 01 October 2018
The Indian government has finally decided to intervene in the Infrastructure Leasing & Financial Services Ltd (IL&FS) issue and is likely to move to National Company Law Tribunal (NCLT) for changing management at debt-ridden conglomerate, says media report.

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