nclat

Jaypee group flagship company Jaiprakash Associates divested from cement business completely to reduce its debt.

NCLAT upholds bankruptcy order against Jaiprakash Associates

2024-12-06 19:02:52 : In a major blow to Jaiprakash Associates Ltd (JAL), the debt-laden parent company of embattled Jaypee Group, the National Company Law ...

In November, the NCLT restrained Aakash from implementing the amendments, citing potential harm to minority shareholders. (Image: Pixabay)

NCLAT sends Aakash-Byju dispute back to NCLT amid tensions between minority shareholders

2024-12-06 16:18:20 : The National Company Law Appellate Tribunal (NCLAT) on Friday refused to stay an order issued by the National Company Law Tribunal ...

SpiceJet bankruptcy claims: Do creditors use IBC forum for settlement?

SpiceJet bankruptcy claims: Do creditors use IBC forum for settlement?

2024-12-02 06:00:00 : On November 19, Mahendra Khandelwal, judicial member of the Delhi bench of NCLT (National Company Law Tribunal), filed a case against ...

Raheja Developers pushes NCLAT against bankruptcy

Raheja Developers pushes NCLAT against bankruptcy

2024-11-20 13:52:27 : New Delhi, Nov 20 (PTI) Raheja Developers on Wednesday moved the Appellate Tribunal NCLAT challenging the initiation of insolvency proceedings against ...

Jet Airways, founded by Naresh Goyal, went bankrupt in April 2019 and suspended its flight operations due to financial troubles. (Ramesh Pathania/Mint)

Supreme Court orders Jet Airways to enter liquidation

2024-11-07 12:18:31 : The Supreme Court has directed Jet Airways Ltd, India’s once leading airline, to enter liquidation as the successful bidder, Jalan Kalrock ...

The interim management will ensure that the interests of all parties are protected during this process, NCLAT said in its order.

NCLAT asks creditors of Axis Bank and Siti Network to hold Rs 143 crore in separate interest-bearing accounts

2024-10-30 12:25:08 : The National Company Law Appellate Tribunal (NCLAT) has ordered Axis Bank Ltd and other creditors of insolvent Essel Group subsidiary Siti ...

Byju’s is facing multiple litigations from lenders and investors. (File Photo: Reuters)

SC resumes bankruptcy case against Byju’s, denounces NCLAT proceedings as ultra vires

2024-10-23 12:47:27 : The Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal’s (NCLAT) order staying the insolvency proceedings against Byju’s. ...