Home Tags National Company Law Tribunal

Tag: National Company Law Tribunal

NCLT has stayed the implementation of the proposed settlement and barred Subhash Chandra from transferring or disposing of his assets
Featured

NCLT bars Subhash Chandra from selling assets as lenders challenge Rs.6.5...

Team PGurus - 0
Creditors win interim relief against Subhash Chandra In a big setback to media baron Subhash Chandra, a five-member special bench of insolvency tribunal NCLT on...
According to the IBBI report, admitted claims of Rs.14.14 lakh crore resulted in recoveries of about Rs.4.32 lakh crore across approved resolution plans
Finance

A decade of India’s insolvency clean-up: Rs.14.14 lakh crore in dues...

Team PGurus - 0
IBC at 10: Reform or corporate write-off? In the last 10 years, India’s Insolvency and Bankruptcy Code (IBC), started in 2016, has turned out to...
A comprehensive breakdown of the Finance Ministry’s disclosures in Parliament: massive loan write-offs by Public Sector Banks, improving capital positions without government infusion, rising digital fraud cases, and the scale of export credit disbursement over the past five years
Banking

PSU banks write off loans worth Rs.6.15 lakh crore in the...

Team PGurus - 0
Loan write-offs, cyber frauds, export credit: Govt shares key banking data in LS Public sector banks have written off loans worth Rs.6.15 lakh crore in the...
Tribunal approves NSEL’s Rs.1,950 cr one-time settlement to compensate over 5,600 investors affected by the 2013 Rs.5,400 crore payment default
Law and Order

NCLT approves Rs.1,950 crore one-time settlement scheme for NSEL investors

Team PGurus - 0
After 12 years, NCLT clears NSEL’s Rs.1,950 cr investor settlement The National Company Law Tribunal (NCLT) Mumbai Bench has approved a Rs.1,950 crore one-time settlement...
ED restores ₹175-crore assets to 213 homebuyers after Supreme Court nod
Law and Order

ED restores ₹175-crore assets to 213 homebuyers after Supreme Court nod

PGurus Newsdesk - 0
Supreme Court appreciates ED’s proactive role in resolving long-pending real estate dispute The Enforcement Directorate (ED) has restored residential and commercial properties worth ₹175 crore...
Corporate fraud row deepens as CBI investigates Anil Ambani over Rs.2,000 cr loss to SBI
Banking

CBI books Anil Ambani and his RCOM for Rs.2,000-cr bank fraud,...

Team PGurus - 1
Anil Ambani faces CBI action in SBI bank fraud case linked to Reliance Communications Weeks after Enforcement Directorate (ED) raids, the Central Bureau of Investigation...
The order comes a little over two months after the SC, on Nov 7, 2024, ordered the liquidation of Jet Airways, which had stopped flying in Apr 2019
Business

NCLT orders liquidation of Go First Airlines

Team PGurus - 1
Bankrupt airline Go First's liquidation plea approved by law tribunal The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the...
The bench had clarified that the newly constituted board can take any commercial decision in the interest of homebuyers and with regard to any pending projects
Law and Order

SC permits Centre-appointed Unitech Board to seek police assistance to deal...

Team PGurus - 1
SC greenlights police assistance for Unitech Board to tackle third-party interference The Supreme Court on Tuesday permitted the Centre-appointed board of directors of Unitech Ltd...
The FIR states that SpiceJet deducted 12% of employees’ salaries for PF contributions but failed to remit these amounts as required
Law and Order

Delhi Police EOW files case against SpiceJet MD and officials over...

PGurus Newsdesk - 1
FIR against Ajay Singh, SpiceJet board surfaces day after clearing PF dues In a significant development for struggling airline SpiceJet, the Economic Offences Wing (EOW)...
The companies will withdraw the respective composite schemes of arrangement from the NCLT
Business

ZEE Entertainment and Sony Pictures reach amicable settlement over merger disputes

PGurus Newsdesk - 0
Zee, Sony scrap $10 bn merger deal amicably ZEE Entertainment Enterprises Ltd. (ZEE) and Culver Max Entertainment Pvt. Ltd. (CMEPL), which operates as Sony Pictures...
123Page 1 of 3

BOOKS