NCLT Orders Insolvency Proceedings Against OYO Subsidiary
The National Company Law Tribunal (NCLT) has ordered a corporate insolvency resolution proceeding against hospitality unicorn OYO’s subsidiary, OYO Hotels and Homes Pvt. Ltd, over...
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NCLT Nod Airtel, Hughes VSAT Operations Merger
The National Company Law Tribunal (NCLT) has approved the merger of VSAT, or a very small aperture terminal, satellite operations of Bharti Airtel Ltd with...
SC Allows NCLT to Continue Proceedings in Amazon vs Future Case
The Supreme Court of India (SC), on February 22, allowed the National Company Law Tribunal (NCLT) to continue its proceedings in the Amazon versus Future Group case...
IL&FS Gets NCLT Approval for Sale of Education Assets
The National Company Law Tribunal (NCLT) has approved the sale of education assets of debt-ridden IL&FS to Lexington Equity Holdings Ltd (LEHL). A two-member Mumbai bench of...
AdiGroup to Bid for 75% of Jet Airways at NCLT
On Friday, the UK based AdiGroup and a consortium of employees at Jet Airways announced partnership to bid for 75 per cent of the debt-ridden...
NCLT Piled Up Another Insolvency Case Filed By SBI Against Jet Airways
State Bank of India (SBI) focused on the Mumbai bench of National Company Law Tribunal on Tuesday against Jet Airways, and its petition may be heard on...
To Settle Shareholder Differences, Indigo Approaches NCLT
To resolve the deep fissures that have apparently surfaced between the two major shareholders – Rahul Bhatia and Rakesh Gangwal, Indigo has headed for NCLT....
ITC Moves NCLT On Hotel Leela’s Oppression & Mismanagement Petition
A petition filed on Hotel Leela Venture Ltd. by ITC Ltd. through NCLT. Hotel Leela is accused of “operations and mismanagement.” Hotel Leela Venture in...
For acquiring Essar steel ArcelorMittal to pay the amount before NCLT
On Tuesday, The National Company Law Appellate Tribunal said it may direct global steel major to deposit Rs. 42,000 crore as per its bid for...
Andhra Bank Try To Settle Sterling Biotech Insolvency Rejected By NCLT
To withdraw the company from insolvency resolution proceedings has hit a blockade, by the promoters of the Sterling Biotech Ltd. In the ongoing investigations, Andhra...