Page 9 - National Company Law Tribunal

BS READS: The mystery investor who made a killing in Ruchi Soya

A Delhi-based company put Rs 13 cr for a 5.94% stake in Ruchi Soya soon after it got relisted; today that investment is worth Rs 1,500 crore

India saw nearly Rs 25,000-cr wilful defaulter cases even before lockdown

Nationwide lockdown to contain the pandemic may force more business to default on loans, say analysts

SBI seeks new consolidated transaction review, forensic audit of Lavasa

The new forensic audit was necessitated after the National Company Law Tribunal (NCLT) cleared a consolidated bankruptcy process of all Lavasa companies.

UV Asset Reconstruction permitted to sell Aircel's spectrum rights

The order is on the resolution plan for Aircel and its subsidiaries Dishnet Wireless and Aircel Cellular.

NCLT approves a resolution plan for Aircel; UVARCL likely to get assets

When contacted, the resolution professional refused to comment on the order

Saving viable cos more important than liquidating unviable ones: IBBI chief

MS Sahoo backed the decision to bring in the IBC amendment ordinance to suspend triggering of corporate insolvency resolutions against cos for any default for at least six months, starting March 25

Max Healthcare says will become second largest healthcare chain by revenue

Max India completes merger of Radiant Life's hospital assets with self

New-look inter-creditor agreement on the cards as IBC process suspended

The Indian Banks' Association can be expected to begin formal discussions with the wider banking fraternity over the next fortnight

Jet Airways stake sale: Lenders to invite fresh expression of interest

The committee of creditors (CoC) of Jet is likely to come out with a revised EoI for the stake sale in the defunct airline on Wednesday, said a source.

NCLT cancels this year's summer vacation for all benches across the country

The Delhi-based principal bench was scheduled to go on summer vacation in the month of June.

Giving teeth to bankruptcy code

By adopting a few steps many companies that have no alternative but to go to the NCLT to keep themselves from closing down can be saved

Banks want IBC proceedings in all pending cases to be suspended for 2 years

Fall in valuation, lack of demand cited as reasons

Punjab & Sind Bank declares Golden Jubilee Hotels as fraud account

Golden Jubilee Hotels Pvt Ltd is a public-private partnership (PPP) with the Department of Tourism and Youth Advancement, Tourism & Culture, Government of Telangana

Hindustan Unilever, GSK Consumer stocks hit lifetime highs ahead of merger

The stock price of HUL and GSK Consumer rallied 5.08% and 5.72% each on Tuesday

RCom's resolution plan to sell Rs 23,000 cr assets filed before NCLT

The plan entails realisation of around Rs 23,000 crore from sale of RCom assets and clawback of money paid to some of the lenders.

NCLAT asks CCI to probe against Flipkart over alleged unfair practices

Earlier, the CCI had absolved e-commerce major Flipkart of unfair practices using its dominant position

Lenders to seek fresh bids for Lavasa Corp in debt resolution reset

Lavasa and its subsidiaries defaulted on their debt obligations totalling about Rs 7,700 crore

A framework of fear

The risk of roping in bank officials whenever there is a fraud at the borrower's end is a stringent deterrent to bank officials taking credit decisions

Adani's Rs 400 crore bid for posh Aditya Estates in Delhi gets NCLT nod

The Committee of Creditors (CoC) of Aditya Estates led by ICICI Bank PLC had already approved by 93.01 per cent vote share, Adani's Rs 400 crore offer, which includes an upfront payment of Rs 265 cr

Allcargo boosts single-largest investor status in Gati, ups stake to 20.8%

Share purchase from Gati promoters marks end of second phase of deal