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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The Delhi bench of the National Company Law Tribunal (NCLT) has dismissed ICICI Bank's plea to initiate insolvency proceedings against Era Infrastructure.   Dismissing the case on account of "duplication", it said that the "petition cannot be entertained".   The bench noted...
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