NCLT Rejects DHL’s Insolvency Plea Against Eicher Over Unpaid Dues
The National Company Law Tribunal (NCLT) on May 29 dismissed an insolvency plea by DHL Supply Chain Limited against Royal Enfield bicycle maker Eicher Motors...
Tag : National Company Law Tribunal (NCLT)
NCLAT Sets Aside NCLT’s Order on Zee Entertainment’s Merger with Sony India
The National Company Law Appellate Tribunal (NCLAT) on Friday quashed the National Company Law Tribunal’s (NCLT) order directing the National Stock Exchange (NSE) and BSE...
NCLT Rejects IDBI’s Insolvency Plea Against Zee
On Friday, the National Company Law Tribunal (NCLT) dismissed IDBI Bank’s petition to seek insolvency against media giant Zee Entertainment, finding that the petition was...
NCLT Rejects Central Bank’s Bankruptcy Plea Against Simplex Infrastructures
The National Company Law Tribunal (NCLT) in Kolkata has dismissed the Central Bank of India’s insolvency application against Simplex Infrastructures. In an order dated May...
Wadia Group Considers a One-time Settlement Offer in GoFirst Crisis
The beleaguered GoFirst airline owner Wadia Group plans to go for a one-time settlement with banks wherein creditors will take a “substantial haircut”, the media report mentioned....
Grounded GoFirst Drives Bombay Burmah Shares Tumbled 5%
On May 3, Wadia Group company Bombay Burmah Trading Corporation shares fell 4.72% to Rs 991.65 in early trade after GoFirst filed for voluntary insolvency resolution. The...
NCLT Lists GoFirst Insolvency Plea for Hearing Tomorrow
Delhi’s National Company Law Tribunal has agreed to hear cash-strapped airline GoFirst’s voluntary insolvency plea on Thursday. GoFirst lawyers referred the request before NCLT on...
NCLT Grants 90-Days Extension to Future Retail to Conclude Insolvency
NCLT has granted Future Retail Ltd (FRL) a 90-day extension to complete the company’s corporate insolvency resolution process (CIRP). Allowing FRL’s plea, the Mumbai judges...
Viacom18 Closes Rs 15,145 Crore Deal with Bodhi Tree Systems
A year after announcing a strategic partnership with Bodhi Tree Systems, a platform promoted by James Murdoch’s Lupa Systems and Uday Shankar, Viacom18, a 51:49...
Reliance Completes Acquisition of Sintex Industries
Mukesh Ambani-led Reliance Industries (RIL) has completed the acquisition of Sintex Industries (SIL) and injected Rs 1,500 crore into the yarn and fabric maker under...