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Insolvency cases: After missed timelines in 2021, process likely to speed up with improved infrastructure Practical difficulties are there, he said, adding that in matters, such as those related to home buyers, there are several groups and the NCLT has to hear all as most of them have problems with resolutions.National Company Law Tribunal and Appellate Tribunal …
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The RBI had moved the Mumbai bench of NCLT last week to initiate insolvency proceedings against Reliance Capital, after it superseded the company’s board last month, citing defaults and governance issues.. Senior counsel Ravi Kadam, appearing on behalf of RBI, said only the regulator has the power to initiate insolvency proceedings against a financial services …
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Updated: 2 hours ago
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Notice of NCLT convened Meeting of Secured Creditors on Wednesday, March 31, 2021 at 10.30 a.m. (IST) through VC / OAVM Notice of NCLT convened Meeting of Unsecured Creditors on Wednesday, March 31, 2021 at 12.00 noon (IST) through VC / OAVM Order of NCLT Mumbai Bench Order of NCLT Ahmedabad Bench
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Updated: 8 hours ago
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At this point risk is still associated with both JPA and JPI. JPAs restructuring plan has been approved byvits lenders 4 years back is still not yet approved by nclt and icici has already filled insolvency petition against JPA which is also pending for almost more than 4 years. JPI is already in insolvency.
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Updated: 5 hours ago
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Read more about DoT moves NCLAT against resolution of Videocon; claims Rs 882-cr dues on Business Standard. The Department of Telecommunication (DoT) has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 companies of Videocon Group, including Videocon …
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Updated: 2 hours ago
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Corporation Ltd. (DHFL) under Insolvency and Bankruptcy Code (IBC) Corporate Insolvency Resolution Process (CIRP) initiated against DHFL vide order dated 03.12.2019 of Hon. NCLT, is presently at the stage of implementation of the resolution plan approved by Hon. NCLT vide its order dated 07.06.2021. Catalyst has
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Updated: 4 hours ago
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