NCLT

Satish Kumar Gupta, popularly known as the resolution professional of Essar Steel, has been appointed by the Mumbai tribunal as RP for Bombay Rayon Fashion. The Mumbai National Company Law Tribunal replaced Santanu Ray, who was appointed…

Delhi-based builder Sanskar Projects and Housing, promoted by Ravi Arora has been dragged to National Company Law Tribunal (NCLT) under Section 7 of Insolvency and Bankruptcy Code, over a default of over Rs 5 crore by its financial…

The bankruptcy court has allowed the exclusion of about 33 days from the corporate insolvency resolution process (CIRP) of Ezeego One Travel and Tours Ltd. and also agreed to extend the process completion deadline by 60 days. Online…

The Uttar Pradesh power regulator has approved the takeover of the South East UP Power Transmission Company by Resurgent Power Ventures, a JV between and . It had emerged as the highest bidder in February, quoting ₹3,251 crore upfront…

New Delhi: Three listed Future group firms will file their claims before the Interim Resolution Professional (IRP) of (FRL), against which insolvency proceeding has been initiated by NCLT earlier this week. The three companies -- , and…

Lenders led by the (SBI) could push into liquidation if the winning bidder, the Jalan-Kalrock consortium, disagrees on distributing the proceeds from aircraft rentals among the financing banks, two people aware of the development told…

The government-promoted National Asset Reconstruction Company (NARCL) has offered to acquire 17 distressed companies, including five Future group companies and two Srei accounts, from lenders, two people aware of the development said.…

on Friday said it has received pension fund regulator PFRDA nod for the merger proposal of its parent HDFC Ltd with itself. Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the…

The Supreme Court Tuesday held the National Company Law Tribunals (NCLTs) cannot exercise the discretionary power to order initiation of insolvency proceedings "arbitrarily or capriciously" and are required to consider grounds made by…

The National Company Law Tribunal (NCLT) on Monday reserved its order on the petition filed by Amazon opposing Bank of India’s plea to initiate insolvency resolution proceedings against debt-ridden Future Retail Ltd (FRL). After hearing…