Companies under NCLT asked to inform about export liabilities
The total outstanding duty saved amount / dues along with interest, and any penalty imposed under Foreign Trade (Development and Regulation) Act, or any other dues, shall be counted as part of the dues to the govt against the said firm / company.
Mantri creditor Aayas Trade moves NCLT against realtor
A notice alleged that Mantri received advances of over Rs 530 crore from Aayas/ Elbit ...
NCLAT gives go ahead to NCLT Mumbai to decide on Adani Ports' bid for Dighi Port
A two-member bench headed by Chairperson Justice S J Mukhopa...
NCLT reserves order in RCom versus DoT case over spectrum dues
The RCom-DoT clash mirrors a similar battle between the government and another bankrupt telco, Aircel, which is also undergoing insolvency. Even in that case, Department of Telecommunications has asked the operator to return its airwaves.
NCLT calls for Metalyst Forgings rebid
Deccan Value says its plan ‘vitiated’ as ‘incorrect info’ on asset was shared.
ED's Bhushan Power & Steel move vindicates stand: JSW
India’s second-largest steelmaker has offered to acquire BPSL, but sought immunity from litigation related to alleged frauds at the bankrupt company.
Bandhan Bank soars 20% on MSCI entry; Gruh Finance jumps 15%
Bandhan Bank was trading Rs 81 higher at Rs 588 level at around 9.45 am on NSE.
Deloitte Haskins and Sells questions NCLT ambit
Deloitte Haskins and Sells challenged Centre’s plea at NCLT that seeks a five-year ban on former auditors of IL&FS Financial Services (IFIN).
Jet Airways headquarter owner, lenders reach settlement
Committee of creditors reaches agreement with Luckystar Property to settle Siroya Centre dispute out of court.
NCLT Orders Insolvency Proceedings against Lokhandwala Infra
The Mumbai bench of NCLT restricted the developer from creating any third-party rights or disposing of any assets.
MCA notifies NCLT member posting rules
The rules also restrict members from being posted to locations where they have been posted in the past two years.
NCLT allows RP 90 more days to complete RCom insolvency
RP petitioned for an extension as its 180 days period to complete RCom's resolution would get over in Oct.
NCLT okays start of Lanco Amarkantak bankruptcy process
Power co pleaded that proceedings were under RBI norms invalidated by Supreme Court.
Government ask banks to approach NCLT as last resort
Minister of State for Finance and Corporate Affairs Anurag Thakur said NCLT route should not be used by bankers to resolving stressed accounts on a daily basis.
Government moves NCLAT against NCLT orders directing probe into cos' affairs by SFIO
In a petition moved before the NCLAT, the SFIO submitted that it being a statutory investigative office can direct to investigate into the affairs of the companies only by the Ministry of Corporate Affairs (MCA).
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