NCLT

Employees’ Provident Fund Organisation (EPFO) has initiated a probe into a possible malfeasance by its staff at a Mumbai suburban office, which could involve estimated losses of up to Rs 1,000 crore for the retirement body, people…

An apex court order giving the National Company Law Tribunal (NCLT) discretion over admission of insolvency cases even when default is proven has shaken bankers and lawyers. They said the ruling could deflate an already delayed process…

Lenders to the Anil Ambani-promoted Reliance Infrastructure Telecommunications Ltd (RITL) have come to an understanding with the winning bidder for the bankrupt company on completing the takeover two years after the deal was approved by…

The National Company Law Tribunal (NCLT) has admitted Mumbai-based Topworth Urja & Metals under the Corporate Insolvency Resolution Process (CIRP) and appointed Alok Kailash Saksena as an interim resolution professional for the…

State-owned expects advances to grow by 10-12 per cent in the current fiscal year with corporate loans yet to pick-up, top official said in an analysts call. The bank's year-to-date (YTD) loan growth stood at about 5 per cent mainly…

The bankruptcy court has approved the resolution plan submitted by Prakash Asphaltings & Toll Highways (India) Ltd for Rajahmundry Godavari Bridge Ltd (RGBL). The bridge, built on the river Godavari, connects Rajahmundry and Kovvur…

The National Company Law Tribunal on Friday approved the demerger of Piramal Enterprises’ (PEL) pharma business and the simplification of the company’s corporate structure. The order paves the way towards creation of two separate listed…

() has dragged to bankruptcy over a ₹395 crore loan, according to people briefed on the matter. The company markets sugar under the Trust brand and has a pan-India distribution set up. It also exports its products to the Middle East,…

National Company Law Tribunal (NCLT) will hear only urgent matters from August 10 due to a shortage of judges, a move that could hamper the timely recovery of debt for lenders. An order issued by the tribunal on August 8 says that all…

NCLT has clarified that it has not issued any circular stating that tribunals will hold only urgent hearings due to a shortage of members, stated a circular posted on its website. NCLT stated that a note has been circulating on the…