Page 4 - National Company Law Tribunal
NCLAT allows another round of bidding for bankrupt firm Reliance Capital
Torrent may move Supreme Court against rebidding
 "NCLAT allows another round of bidding for bankrupt firm Reliance Capital")
Despite NCLT setback, analysts remain positive on Zee Entertainment
Their sum-of-the-parts valuations ranges between Rs 275 and Rs 390, which indicates uncertainty
 "Despite NCLT setback, analysts remain positive on Zee Entertainment")
Adani Power receives NCLT's approval for merger of six subsidiaries
As many as nine Adani Group firms were trading in the negative territory, while one company was trading in the green
 "Adani Power receives NCLT's approval for merger of six subsidiaries")
Kishore Biyani resigns as executive chairman and director of Future Retail
Biyani's resignation was also received by the resolution professional on January 24
 "Kishore Biyani resigns as executive chairman and director of Future Retail")
NCLT directs lenders to maintain status quo on Reliance Capital matter
The National Company Law Tribunal (NCLT) on Friday directed the lenders of Anil Ambani-promoted Reliance Capital to maintain the status quo and asked all applicants to submit written notes. The tribunal on Wednesday postponed the second auction for Reliance Capital, which was scheduled for January 19, to January 23 (Monday) as the NCLT Mumbai bench could not complete the hearing of arguments of all applicants. The NCLT Mumbai bench, led by Justice Shyam Babu Gautam and Justice Pradeep Narhari Deshmukh, has been hearing the applicants on a day-to-day basis since January 9, when Torrent Investments approached the tribunal seeking to halt the Committee of Creditors's move for a second round of auction or 'Challenge Mechanism'. After the hearing was completed on Friday, applicants including the CoC represented by Kapil Sibal, Torrent Investments represented by Darius Khambata, IIHL represented by (Hinduja), represented by Harish Salve and Abhishek Manu Singhvi among others wished to ..
 "NCLT directs lenders to maintain status quo on Reliance Capital matter")
NCLT asks lenders to delay round of second auction for Reliance Capital
Reliance Capital has a consolidated debt of about Rs 40,000 crore
Google dials NCLAT against CCI's Android order, Rs 1,337-crore fine
Says CCI order presents a major setback for its Indian users and businesses who trust Android's security features
 "Google dials NCLAT against CCI's Android order, Rs 1,337-crore fine")
CCI likely to appeal against NCLAT order in DLF matter: Sources
The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices
 "CCI likely to appeal against NCLAT order in DLF matter: Sources")
NCLAT upholds CCI's Rs 870 cr fine on Kingfisher, Carlsberg manufacturers
Throws out the appeals of the beer makers, who were accused of cartelisation in the sale and supply of the beverage in various states and UTs
 "NCLAT upholds CCI's Rs 870 cr fine on Kingfisher, Carlsberg manufacturers")
IL&FS resolves Rs 56,943 cr debt as of Sept, addresses 93% of target
Infra lending firm's affidavit says it has reduced the number of entities under it from 302 to 101
 "IL&FS resolves Rs 56,943 cr debt as of Sept, addresses 93% of target")
European cargo airline moves NCLT to acquire 3 Jet Airways aircraft
Fresh challenge for reviving Jet as union opposes sale of assets until employees get provident fund and gratuity
 "European cargo airline moves NCLT to acquire 3 Jet Airways aircraft")
Lenders purposely delaying Jet Airways revival: Jalan-Kalrock tells NCLT
'Can't take off if relief not granted'
 "Lenders purposely delaying Jet Airways revival: Jalan-Kalrock tells NCLT")
JSPL acquires Monnet Power for Rs 410 cr through insolvency process
Monnet Power has a 1050 MW under-construction plant in Odisha's Angul
 "JSPL acquires Monnet Power for Rs 410 cr through insolvency process")
HDFC Bank files petition for NCLT approval to the proposed merger
The bank has already received the approval of the equity shareholders, which includes public shareholders, to the proposed merger scheme
 "HDFC Bank files petition for NCLT approval to the proposed merger")
Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues
The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021
 "Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues")
Grounded Jet Airways' cabin crew association moves NCLT for liquidation
Banks oppose consortium plea for handover of the company
 "Grounded Jet Airways' cabin crew association moves NCLT for liquidation")
Insolvency proceedings begin in Ansal Properties and Infrastructure
The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional
 "Insolvency proceedings begin in Ansal Properties and Infrastructure")
NCLT dismisses bankruptcy proceedings against GTL Infra, GTL Ltd
The court said several companies owe GTL Infrastructure money as it has made claims of Rs 13,393 crore against Aircel and others
HDFC twins may merge by April next year, says Chairman Deepak Parekh
Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already
 "HDFC twins may merge by April next year, says Chairman Deepak Parekh")
Jio gets NCLT green light to acquire debt-laden Reliance Infratel
Infratel has fibre assets of 178,000 route kilometres and 43,540 mobile towers spread across the country
 "Jio gets NCLT green light to acquire debt-laden Reliance Infratel")
