On 28 August 2019, the National Company Law Appellate Tribunal (NCLAT) delivered a major blow to the efforts of investigation agencies and allowed Andhra Bank and other lenders to withdraw their resolution application. By this order, the controversial Sterling Biotech Ltd is out of the...
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The National Company Law Tribunal (NCLT) on Thursday admitted the State Bank of India's insolvency plea against the now-grounded Jet Airways.   The Mumbai bench of the tribunal has directed the Insolvency Resolution Professional (IRP) to make efforts to resolve the matter within three...
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The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that the lenders of Jaypee Infratech (JIL) can vote against the NBCC's bid to acquire the insolvent real estate company.   The Delhi-based appellate also directed for the completion of the ongoing voting process,...
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The Mumbai bench of the National Company Law Tribunal (NCLT) has directed market regulator, Securities and Exchange Board of India (SEBI), to conclude its investigation in the proposed sale of Hotel Leela Venture's several assets to Brookfield by the next hearing on 8th July. The...
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The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (SEBI) to de-attach the properties of a corporate debtor attached during its execution proceedings. The matter brings into focus the issue of the in-built...
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