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Latest Articles in National Company Law Tribunal NCLT
Jaiprakash Associates Defaults On Loans Worth Rs 4,044 Cr
The default includes both the principal amount of Rs 1,660 crore and interest of Rs 2,384 crore
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NCLT Schedules Wilmington's Insolvency Plea Hearing Against SpiceJet On 16 June
SpiceJet currently possesses a fleet of 67 aircraft, including Boeing 737, B737 Max, and Bombardier-Q400 regional jets
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Lenders Assume Control Of Go First's Resolution Process, Replace Crucial Bankruptcy Officials
During the first meeting, the committee of creditors (CoC) replaced the interim resolution professional (IRP) appointed by the company, as well as the process advisor and legal agency
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DGCA Orders Go First To Get CoC's Approval On Revival Plan
The CoC is scheduled to convene on Friday for their first meeting. Major lenders to the distressed airline include the Central Bank of India, Bank of Baroda, IDBI Bank, and Deutsche Bank
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NCLT Accepts Delhivery's Notice Declaring Go First's Insolvency As Fraudulent And Malicious: Report
Delhivery's counsel has stated that Go First, an airline owned by the Wadia group, received a payment of Rs 57 lakh on 2 May as an advance for future services, despite knowing that they were planning to file for insolvency
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DGCA Asks Go First To Submit Liabilities Related Financial Information
In their initial response to the regulator's queries, Go First stated that they have enough working capital to cover employee salaries, fuel charges, parking fees, housing costs, and landing charges for a period of six months
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Go First's Insolvency Upheld By NCLAT, Lessors Face Repossession Setback
The appeals tribunal upheld the National Company Law Tribunal's (NCLT) order from 10 May, dismissing the lessors' petition and directed them to file an appeal before the NCLT
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NCLT Dismisses 4 Applications Under Section 9
NCLT also reiterated its stand on landowners entering into joint collaboration
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Torrent Gets Interim Stay From NCLT On Reliance Capital Resolution Process
Torrent Group, which has emerged as the highest bidder with an offer of Rs 8,460 crore, had made a plea to NCLT against Hinduja Group’s late revised bid
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Zee Approaches NCLT For Dismissal Of IndusInd Bank's Insolvency Plea
IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm
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Jaypee Infra Insolvency: IRP Anuj Jain Files Suraksha Group's Resolution Plan With NCLT
JIL went into Corporate Insolvency Resolution Process (CIRP) in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium.
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NCLT Approves Piramal Group's Offer For DHFL On Certain Conditions
NCLT also rejected former DHFL promoter Kapil Wadhawan's plea to get access to a copy of the resolution plan.
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Jet Airways' CoC Approves Kalrock Capital-Murari Jalan's Resolution Plan
The plan was approved after the conclusion of the e-voting on the proposal, Jet Airways RP (resolution professional) Ashish Chhawchharia said in a BSE filing.
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