[ad_1] In a relief to listed pharmaceutical firm Bilcare, the National Company Law Appellate Tribunal (NCLAT) has stayed the bankruptcy court's order of admitting the company under the corporate insolvency resolution process (CIRP). The company was admitted under the resolution process on a plea filed by Assets Reconstruction Company (India)...
NCLT clears Jio buy of Reliance Infratel, Legal News, ET LegalWorld – Legal Firms
[ad_1] The National Company Law Tribunal (NCLT) in Mumbai Monday approved Reliance Infratel Ltd’s (RITL) acquisition by Reliance Project and Property Management Services Ltd (RP&PMSL), an arm of Reliance Jio that looks into the telco's tower and fibre business, bringing the bankruptcy resolution of the Anil Ambani company to a...
NCLAT allows Jindal Stainless to bid for Rathi Super Steel, Legal News, ET LegalWorld – Legal Firms
[ad_1] Appellate tribunal NCLAT has upheld the NCLT order to allow Jindal Stainless to participate in the auction of debt-ridden Rathi Super Steel even after a bidder was selected. The National Company Law Appellate Tribunal (NCLAT) said the NCLT "did not commit any error" as sales were not completed and...
NCLAT stays insolvency proceedings against BPTP as realty firm settles dispute with operational creditor, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, Nov 19 (PTI) The National Company Law Appellate Tribunal has stayed insolvency proceedings against BPTP after the real estate firm informed NCLAT that it has settled the dispute with its operational creditor. On November 14, the National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings...
NCLT allows plea for S Kumars’ insolvency resolution, Legal News, ET LegalWorld – Legal Firms
[ad_1] The bankruptcy court has allowed Edelweiss Asset Reconstruction Co's petition, seeking to initiate insolvency proceedings against S Kumars, and has appointed Anjan Bhattacharya as its interim resolution professional.The ARC had approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the over seven-decade-old textile maker and leader...
NCLAT allows Jindal Stainless to bid for Rathi Super Steel, Legal News, ET LegalWorld – Legal Firms
[ad_1] Appellate tribunal NCLAT has upheld the NCLT order to allow Jindal Stainless to participate in the auction of debt-ridden Rathi Super Steel even after a bidder was selected. The National Company Law Appellate Tribunal (NCLAT) said the NCLT "did not commit any error" as sales were not completed and...
Nine judicial, technical members join NCLT after taking oath, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, Nov 18 (PTI) Nine judicial and technical members of the National Company Law Tribunal (NCLT) on Friday took oath at a swearing ceremony held at the premises of the insolvency tribunal here. With the induction of these members, the strength has increased to 36 from the existing...
NCLAT rejects plea against approval of Alpha Corp’s bid for Earth Infrastructure, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, The National Company Law Appellate Tribunal (NCLAT) has declined the plea of a batch of homebuyers who challenged the NCLT's approval of Alpha Corp Development's bid to acquire debt-ridden realty firm Earth Infrastructure. National Company Law Tribunal (NCLT) had on June 8, 2021, approved the resolution plan...
Jalan-Kalrock, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Jalan-Kalrock consortium, winning bidder of Jet Airways, has moved the National Company Law Appellate Tribunal (NCLAT), saying provident fund and gratuity dues of Jet employees should be paid from the airline's existing cash balance and the rest from the lenders' share.On October 21, the appellate tribunal had directed...
NCLT orders corporate insolvency resolution in BPTP, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, The National Company Law Tribunal has ordered the commencement of corporate insolvency resolution process of real estate company, BPTP Ltd on November 14.Rakesh Kumar Gupta has been appointed the IRP and the creditors have been asked to provide claims with proof by November 27.RBCL Projects had filed...