national company law tribunal

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    UltraTech Settles Arbitration Dispute with Jaiprakash Associates

    New Delhi, March 26 Leading cement maker UltraTech Cement announced on Thursday that it has reached an agreement with Jaiprakash Associates Ltd (JAL) in the ongoing arbitration over the Dalla Super unit and associated mines.In a regulatory filing, UltraTech Cement said it will redeem 100,000...
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    Money Laundering Investigation Leads to Delhi Police Action Against Experion

    Gurugram, March 26 The Economic Offences Wing of the Delhi Police has filed an FIR against Gurugram-based real estate firm Experion Developers Private Limited and its related entity Experion Capital Private Limited for fraud, based on a complaint filed by the Enforcement Directorate, according...
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    SNDP Yogam Office-Bearers Stay Disqualification by Kerala High Court

    Kochi, March 23 The Kerala High Court division bench on Monday stayed the single bench order that had disqualified all office-bearers and the entire Board of Directors of the SNDP Yogam, including its general secretary Vellappally Natesan, over alleged non-compliance with statutory requirements...
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    IL&FS Debt Crisis: NCLAT Waives CSR Obligations for Key Entities

    New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...
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    Anil Ambani Under CBI Investigation in ₹2,929 Crore Fraud

    New Delhi, March 20 The CBI questioned industrialist Anil Ambani for the second consecutive day in connection with a ₹2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.Ambani arrived at the agency...
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    CBI Questions Anil Ambani in Reliance Communications Fraud Case

    New Delhi, March 19 The CBI questioned industrialist Anil Ambani for nearly eight hours on Thursday in connection with a Rs 2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.The industrialist, who is facing...
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    IBC Misuse: How Loan Defaults Threaten India's Economy

    Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...
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    Anil Ambani Investigated in Rs 2,929 Cr SBI Allegation

    New Delhi, March 19 The CBI questioned industrialist Anil Ambani on Thursday in connection with the alleged ₹2,929 crore fraud case registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.Ambani arrived at the agency headquarters this...
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    NCLAT Rejects Reliance Realty's Insolvency Plea Against Altruist

    New Delhi, March 9 The National Company Law Tribunal (NCLAT), the corporate dispute appellate tribunal, has dismissed Reliance Realty's appeal seeking insolvency proceedings against Altruist Customer Management.A three-member bench of the appellate tribunal upheld the order of the National...
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    NCLT Admission Cases: Banks Advised on Resolution

    New Delhi, March 9 Secretary of the Department of Financial Services, M Nagaraju, chaired a review meeting on Monday to monitor the progress in top insolvency and bankruptcy cases pending for admission and resolution at the National Company Law Tribunal (NCLT).The meeting was attended by...
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    APRN Enterprises Files Insolvency Petition Against Marvel Group Promoter

    Mumbai, March 4 The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Marvel Group promoter Vishwajeet Jhawar.The NCLT Mumbai order, pronounced on January 30 by Justices Prabhat Kumar and Sushil Mahadeorao Kochey, was passed on a petition filed...
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    Jindal Poly Films Faces Continued Scrutiny Over Shareholder Allegations

    New Delhi, February 28 The appellate tribunal, the NCLAT, has declined to stay an order of the National Company Law Tribunal, which has admitted a class action petition against Jindal Poly Films, filed by its shareholders.A two-member NCLAT bench held that the petition filed by the minority...
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    NCLAT Ruling on Benami Act Appeals Upheld by Supreme Court

    New Delhi, February 24 The Supreme Court on Tuesday upheld a decision by the NCLAT that said that attachment under the Prohibition of Benami Property Transactions Act, 1988 (Benami Act) can only be challenged before the authorities specified in that act.A bench of justices PS Narasimha and...
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    Homebuyers' Delays: NCLT Forms Committee to Review Jaypee Projects

    New Delhi, February 16 The National Company Law Tribunal (NCLT) has appointed a two-member committee to assess the progress of construction of projects of Jaypee Infratech, controlled by the Suraksha Group, and submit a comprehensive status report to it.The Corporate Insolvency Resolution...
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    Restructuring Plan Unveiled: Religare Demerger Aims for Strategic Growth

    New Delhi, February 15 Religare Enterprises Ltd (REL), backed by the Burman family, has approved a plan to separate its financial services and insurance businesses into two separate, publicly listed entities. This move aims to unlock shareholder value and sharpen strategic focus.This is the...
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    NCLT Performance: 85% Resolution Rate and Stakeholder Cooperation

    New Delhi, February 13 Highlighting the benefits of the insolvency law and the tribunal's performance, NCLT President Chief Justice (Retd) Ramalingam Sudhakar said on Friday that people should stop making unwanted comments about them.The National Company Law Tribunal (NCLT) is a key...
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