NCLT Chennai Order Dissolution Of M/s Boss Profiles Limited Under Section 54 Of IBC

1 year, 10 months ago

NCLT Chennai Order Dissolution Of M/s Boss Profiles Limited Under Section 54 Of IBC

NCLT Chennai has ordered for dissolution of M/s Boss Profiles Limited under section 54 of Insolvency and Bankruptcy Code, 2016. The Corporate Debtor filed a petition before NCLT Chennai through its Liquidator for Dissolution of the Corporate Debtor The Tribunal had admitted the Corporate Debtor into Corporate Insolvency Resolution Process vide an order dated 11.08.2017. The Tribunal being satisfied that all provision of IBC, 2016 and the Regulations thereunder had been complied with, ordered for Dissolution of the Corporate Debtor M/s Boss Profiles Limited was a Non-govt. IA/892/2021 in TCP/126/IB/2017 Case Name In the matter of M/s Boss Profiles Limited Click Here To Read/Download Order

Corporate Order Tribunal Ibc Debtor Nclt Chennai Boss Profiles Limited

IBC Monthly Digest: March 2025

4 days, 9 hours ago

IBC Monthly Digest: March 2025

Mumbai

Liquidation Order U/S 33 Of IBC Cannot Be Set Aside When Third Party Has Taken Possession Of Property After Sale Conducted By Liquidator: NCLAT

6 days, 1 hour ago

Liquidation Order U/S 33 Of IBC Cannot Be Set Aside When Third Party Has Taken Possession Of Property After Sale Conducted By Liquidator: NCLAT

Corporate

Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

4 weeks ago

Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

Corporate

Operational Creditors Cannot Question Approval Of Resolution Plan That Provides Them With More Than Liquidation Value: NCLAT

1 month ago

Operational Creditors Cannot Question Approval Of Resolution Plan That Provides Them With More Than Liquidation Value: NCLAT

Resolution

NCLT Admits Insolvency Proceedings Against Ansal Properties And Infrastructure U/S 7 Of IBC, Declares Moratorium

1 month ago

NCLT Admits Insolvency Proceedings Against Ansal Properties And Infrastructure U/S 7 Of IBC, Declares Moratorium

Corporate

When Debt Is Not Unequivocally Admitted By Corporate Debtor, Application U/S 9 Of IBC Must Not Be Entertained: NCLAT

1 month, 1 week ago

When Debt Is Not Unequivocally Admitted By Corporate Debtor, Application U/S 9 Of IBC Must Not Be Entertained: NCLAT

Corporate

NCLT Mumbai Approves ACME Cleantech's Resolution Plan For Reliance Big Private Limited

1 month, 2 weeks ago

NCLT Mumbai Approves ACME Cleantech's Resolution Plan For Reliance Big Private Limited

Treatment

Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

1 month, 3 weeks ago

Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

India

Business Arrangement Involving Joint Profit-Sharing, Exclusive Supply Agreement Does Not Establish Creditor-Debtor Relationship Under IBC: NCLT

1 month, 4 weeks ago

Business Arrangement Involving Joint Profit-Sharing, Exclusive Supply Agreement Does Not Establish Creditor-Debtor Relationship Under IBC: NCLT

Relationship

NCLT asks BCCI to seek creditors’ nod for ₹158 crore Byju’s settlement

1 month, 4 weeks ago

NCLT asks BCCI to seek creditors’ nod for ₹158 crore Byju’s settlement

Financial

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week

1 month, 4 weeks ago

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week

Tribunal

NCLT terminates insolvency resolution process against Logix Infra

1 month, 4 weeks ago

NCLT terminates insolvency resolution process against Logix Infra

Hindustan Times

Resolution

Corporate Debtor Immune From Prosecution Under PMLA Post Approval Of Resolution Plan: Delhi High Court

2 months ago

Corporate Debtor Immune From Prosecution Under PMLA Post Approval Of Resolution Plan: Delhi High Court

Corporate

NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU's, Says He Acted With Prejudice To Mislead Tribunal

2 months ago

NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU's, Says He Acted With Prejudice To Mislead Tribunal

Disciplinary Proceedings

Decision To Liquidate Corporate Debtor Cannot Be Faulted When Revival Is Not A Viable Option: NCLAT

2 months, 1 week ago

Decision To Liquidate Corporate Debtor Cannot Be Faulted When Revival Is Not A Viable Option: NCLAT

Corporate

Withdrawal Of Liquidation Application Can Be Permitted When CoC Allows RP To File Application Seeking Extension Of CIRP Time Period: NCLAT

2 months, 1 week ago

Withdrawal Of Liquidation Application Can Be Permitted When CoC Allows RP To File Application Seeking Extension Of CIRP Time Period: NCLAT

Authority

NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor

2 months, 1 week ago

NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor

India

Liquidation Proceeds Must Be Distributed Amongst Secured Creditors Based On Admitted Claims U/S 53 Of IBC: NCLAT

2 months, 1 week ago

Liquidation Proceeds Must Be Distributed Amongst Secured Creditors Based On Admitted Claims U/S 53 Of IBC: NCLAT

Law

NCLT Holds Financial Lease With Transfer Of Ownership & Interest For Default As “Financial Debt”, Admits GDA's Claim As “Financial Creditor”

2 months, 2 weeks ago

NCLT Holds Financial Lease With Transfer Of Ownership & Interest For Default As “Financial Debt”, Admits GDA's Claim As “Financial Creditor”

Corporate

Insolvency Application Against Personal Guarantor Is Maintainable U/S 60(1) Of IBC Even If No CIRP Process Is Pending Against CD: NCLAT

2 months, 2 weeks ago

Insolvency Application Against Personal Guarantor Is Maintainable U/S 60(1) Of IBC Even If No CIRP Process Is Pending Against CD: NCLAT

Personal

NCLT orders Go First liquidation

2 months, 2 weeks ago

NCLT orders Go First liquidation

Nclt

Annual Digest Of IBC Cases: 2024

3 months, 1 week ago

Annual Digest Of IBC Cases: 2024

India

IBC Monthly Digest: December 2024

3 months, 1 week ago

IBC Monthly Digest: December 2024

India

No Provision In IBC To Issue Multiple Demand Notices Before Filing Petition U/S 9 Of IBC: NCLT New Delhi

3 months, 2 weeks ago

No Provision In IBC To Issue Multiple Demand Notices Before Filing Petition U/S 9 Of IBC: NCLT New Delhi

Corporate

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

3 months, 3 weeks ago

Pendency Of Proceedings Before NCLT For Approval Of Scheme Of Arrangement Does Not Preclude Financial Creditor From Filing Petition U/S 7: NCLAT

Supreme Court

IBC Weekly Round Up [2nd December To 8th December, 2024]

4 months ago

IBC Weekly Round Up [2nd December To 8th December, 2024]

India

NCLT member crunch slows down bankruptcy resolution

4 months ago

NCLT member crunch slows down bankruptcy resolution

India

Decision To Consolidate CIRP Can Be Taken By CoC And Not By Suspended Director Of Corporate Debtors: NCLT Hyderabad

4 months ago

Decision To Consolidate CIRP Can Be Taken By CoC And Not By Suspended Director Of Corporate Debtors: NCLT Hyderabad

Corporate

Byju’s insolvency: Riju Raveendran approaches NCLT to seek inclusion in case

4 months, 1 week ago

Byju’s insolvency: Riju Raveendran approaches NCLT to seek inclusion in case

Insolvency

Only Assets Are Transferred In Going Concern Sale Of Corporate Debtor Under Liquidation, Liabilities Must Be Settled U/S 53 Of IBC: NCLT Mumbai

4 months, 1 week ago

Only Assets Are Transferred In Going Concern Sale Of Corporate Debtor Under Liquidation, Liabilities Must Be Settled U/S 53 Of IBC: NCLT Mumbai

Corporate

Resolution Cases Near 41K by September-End: NCLT

4 months, 1 week ago

Resolution Cases Near 41K by September-End: NCLT

Deccan Chronicle

Resolution

IBC Weekly Round-Up [18th November To 24th November 2024]

4 months, 2 weeks ago

IBC Weekly Round-Up [18th November To 24th November 2024]

Justice

NCLT Is Not Right Forum To Decide Whether Closure Of Factory Under Industrial Dispute Act Was As Per Law: NCLAT

4 months, 2 weeks ago

NCLT Is Not Right Forum To Decide Whether Closure Of Factory Under Industrial Dispute Act Was As Per Law: NCLAT

Corporate

Property In Possession Of Corporate Debtor Sold When Petition U/S 7 Of IBC Was In Consideration Cannot Be Excluded From Assets: NCLAT

4 months, 2 weeks ago

Property In Possession Of Corporate Debtor Sold When Petition U/S 7 Of IBC Was In Consideration Cannot Be Excluded From Assets: NCLAT

Corporate

Official Liquidator Cannot Institute S. 61 Proceedings To Challenge Directions Issued To IBBI: NCLAT Chennai

4 months, 2 weeks ago

Official Liquidator Cannot Institute S. 61 Proceedings To Challenge Directions Issued To IBBI: NCLAT Chennai

Appeal

When Statutory Criteria U/S 7 Of IBC Is Satisfied, Tribunal Must Admit CIRP: NCLT, Mumbai

4 months, 2 weeks ago

When Statutory Criteria U/S 7 Of IBC Is Satisfied, Tribunal Must Admit CIRP: NCLT, Mumbai

Corporate

NCLAT Orders Refund Of Pre-CIRP Electricity Dues Paid By SRA Under Protest For Restoration Of Electricity Connection

4 months, 3 weeks ago

NCLAT Orders Refund Of Pre-CIRP Electricity Dues Paid By SRA Under Protest For Restoration Of Electricity Connection

Corporate

Sale Of Corporate Debtor As Going Concern Under Liquidation Regulations Takes Precedence Over Scheme Of Compromise U/S 230: NCLAT

4 months, 3 weeks ago

Sale Of Corporate Debtor As Going Concern Under Liquidation Regulations Takes Precedence Over Scheme Of Compromise U/S 230: NCLAT

Corporate

BCCI tells NCLT that it will move application for withdrawal of insolvency plea against Byju’s

4 months, 4 weeks ago

BCCI tells NCLT that it will move application for withdrawal of insolvency plea against Byju’s

Nclt

Any Amount Proposed In Settlement Plan U/S 12A Of IBC Cannot Be Refunded If Plan Is Approved: NCLAT

4 months, 4 weeks ago

Any Amount Proposed In Settlement Plan U/S 12A Of IBC Cannot Be Refunded If Plan Is Approved: NCLAT

Corporate

Liquidator's Reliance On Transaction Audit Report Sufficient To File Application For Avoidance Of Preferential Transactions U/S 43 Of IBC: NCLAT

5 months ago

Liquidator's Reliance On Transaction Audit Report Sufficient To File Application For Avoidance Of Preferential Transactions U/S 43 Of IBC: NCLAT

Corporate

IBC Shall Prevail Over TRAI Act, Any Penalty Imposed By TRAI To Be Recovered As Per Scheme Of IBC: NCLAT

5 months ago

IBC Shall Prevail Over TRAI Act, Any Penalty Imposed By TRAI To Be Recovered As Per Scheme Of IBC: NCLAT

Security

Income Tax Notice for Past Dues Extinguished in NCLT Kolkata Case

5 months, 1 week ago

Income Tax Notice for Past Dues Extinguished in NCLT Kolkata Case

Law Kolkata

Liquidation Is Last Resort, Broader Public Interest In Resolving Corporate Insolvency Should Be Taken Into Account: NCLT Kolkata

8 months ago

Liquidation Is Last Resort, Broader Public Interest In Resolving Corporate Insolvency Should Be Taken Into Account: NCLT Kolkata

Corporate

Weekly Digest Of IBC Cases: 22nd July 2024 To 28th July 2024

8 months, 1 week ago

Weekly Digest Of IBC Cases: 22nd July 2024 To 28th July 2024

Delhi

Directing Corporate Debtor To Civil Courts Or Arbitration For Admitted Dues Undermines IBC Objectives: NCLT Mumbai

8 months, 1 week ago

Directing Corporate Debtor To Civil Courts Or Arbitration For Admitted Dues Undermines IBC Objectives: NCLT Mumbai

Mumbai

NCLT Orders Liquidation Of Future Retail

8 months, 1 week ago

NCLT Orders Liquidation Of Future Retail

Retail

Byju’s, BCCI in settlement talks to avoid insolvency proceedings

8 months, 1 week ago

Byju’s, BCCI in settlement talks to avoid insolvency proceedings

New Indian Express

Bcci

Karnataka High Court Disposes Byju Raveendran's Plea After NCLAT Begins Hearing His Appeal Challenging Insolvency Proceedings

8 months, 1 week ago

Karnataka High Court Disposes Byju Raveendran's Plea After NCLAT Begins Hearing His Appeal Challenging Insolvency Proceedings

Company

NCLT admits insolvency proceedings against Byju’s

8 months, 3 weeks ago

NCLT admits insolvency proceedings against Byju’s

New Indian Express

Nclt

Discover Related

NCLAT allows banks to proceed against former IL&FS directors not part of new board

1 day, 6 hours ago

NCLAT allows banks to proceed against former IL&FS directors not part of new board

New Delhi, Apr 8 The National Company Law Appellate Tribunal has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of …

Board 2018 Bank Group

NCLAT dismisses IDBI Banks plea for insolvency against Zee Entertainment

2 days, 7 hours ago

NCLAT dismisses IDBI Banks plea for insolvency against Zee Entertainment

New Delhi, Apr 7 The National Company Law Appellate Tribunal on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT …

Insolvency Bank Nclt Default

Appeal U/S 61 Of IBC Is Maintainable Against Order Passed By NCLT Initiating Insolvency Process Against Personal Guarantors: NCLAT

5 days, 7 hours ago

Appeal U/S 61 Of IBC Is Maintainable Against Order Passed By NCLT Initiating Insolvency Process Against Personal Guarantors: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Mr. Barun Mitra has held that An appeal under Section 61 of the …

Live Law

Corporate Resolution Order Process

NCLAT rejects Busy Bee’s plea against Go First liquidation

5 days, 8 hours ago

NCLAT rejects Busy Bee’s plea against Go First liquidation

The National Company Law Appellate Tribunal on Friday rejected a plea by Busy Bee Airways, backed by EaseMyTrip co-founder Nishant Pitti, challenging the liquidation of bankrupt airline Go First. A …

Bank Crore Airline Liquidation Order

NCLT dismisses insolvency plea against Zomato over alleged payment default

6 days, 6 hours ago

NCLT dismisses insolvency plea against Zomato over alleged payment default

The National Company Law Tribunal Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of ₹1.64 …

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Committee Of Creditors Not Prohibited From Seeking Multiple Modifications Or Revisions Of Resolution Plans: NCLAT

6 days, 6 hours ago

Committee Of Creditors Not Prohibited From Seeking Multiple Modifications Or Revisions Of Resolution Plans: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Mr. Barun Mitra has held that the Committee of Creditors is empowered to …

Live Law

Resolution Plan Tribunal Sra Appellant

Decree Obtained By Operational Creditors From Civil Court Does Not Mean They Cease To Be Operational Creditors: NCLAT

6 days, 9 hours ago

Decree Obtained By Operational Creditors From Civil Court Does Not Mean They Cease To Be Operational Creditors: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan and Mr. Barun Mitra has held that an application under Section 9 of the Insolvency and Bankruptcy …

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Court Operational Creditor Operational Tribunal

Schedule IV Of Arbitration Act On Fees Of Arbitrator Does Not Mandatorily Apply To International Commercial Arbitrations: Delhi High Court

1 week ago

Schedule IV Of Arbitration Act On Fees Of Arbitrator Does Not Mandatorily Apply To International Commercial Arbitrations: Delhi High Court

The Delhi High Court bench of Justice Sachin Datta has observed that in an international commercial arbitration in terms of Section 2 of the Arbitration and Conciliation Act, 1996, the …

Live Law

Court Parties Order Fees

Supreme Court upholds Piramal’s resolution plan for DHFL, grants it proceeds of funds recovered

Trending 1 week, 1 day ago

Supreme Court upholds Piramal’s resolution plan for DHFL, grants it proceeds of funds recovered

The Supreme Court on Tuesday ruled that funds recovered from the fraudulent transactions at Dewan Housing Finance Corporation Ltd will go to Piramal Capital & Housing Finance Ltd, the successful …

Court Resolution Resolution Plan Plan

NCLT issues notice to Shapoorji Pallonji Group over insolvency plea

1 week, 1 day ago

NCLT issues notice to Shapoorji Pallonji Group over insolvency plea

The National Company Law Tribunal -Mumbai on Tuesday issued a notice to real estate giant Shapoorji Pallonji & Co. Pvt. The firm requested the NCLT to initiate insolvency proceedings against …

Insolvency Nclt Group Shapoorji Pallonji

Supreme Court sets aside NCLAT order on DHFL resolution plan dispute

1 week, 1 day ago

Supreme Court sets aside NCLAT order on DHFL resolution plan dispute

The Supreme Court on Tuesday set aside the National Company Law Appellate Tribunal ’s order that directed the lenders of the erstwhile Dewan Housing Finance to reconsider specific aspects of …

Hindustan Times

Supreme Court Court Resolution Plan

Liquidator Must Not Restrict Sale Of Corporate Debtor's Assets Through Private Sale To Single Buyer, Must Strategise To Attract Multiple Buyers: NCLT Mumbai

1 week, 3 days ago

Liquidator Must Not Restrict Sale Of Corporate Debtor's Assets Through Private Sale To Single Buyer, Must Strategise To Attract Multiple Buyers: NCLT Mumbai

The National Company Law Tribunal Mumbai bench of Shri Anil Raj Chellan and Shri K. R. Saji Kumar while disallowing the Liquidator's application for the private sale of the Corporate …

Live Law

Corporate Sale Applicant Tribunal

Any Default Falling Within Section 10-A Period Of IBC Must Be Excluded When Calculating Total Outstanding Debt: NCLT Hyderabad

1 week, 5 days ago

Any Default Falling Within Section 10-A Period Of IBC Must Be Excluded When Calculating Total Outstanding Debt: NCLT Hyderabad

The National Company Law Tribunal, Hyderabad Bench comprising of Sri Rajeev Bhardwaj, Member and Sri Sanjay Puri, Member dismissed Section 9 petition filed by the Operational Creditor stating that the …

Live Law

Hyderabad Corporate Insolvency Debt

Application U/S 94 Of IBC Cannot Be Entertained Against Sole Proprietorship Firms: Madhya Pradesh High Court

1 week, 6 days ago

Application U/S 94 Of IBC Cannot Be Entertained Against Sole Proprietorship Firms: Madhya Pradesh High Court

The Madhya Pradesh High Court bench of Justice Vivek Rusia and Justice Prem Narayan Singh has held that since sole proprietorship firms are not included in the definition of the …

Live Law

Application Code Petition Petitioner

NCLT Kolkata Remits Repayment Plan U/S 114(3) Of IBC To Committee Of Creditors Due To Non Consideration Of Detective Report

1 week, 6 days ago

NCLT Kolkata Remits Repayment Plan U/S 114(3) Of IBC To Committee Of Creditors Due To Non Consideration Of Detective Report

The National Company Law Tribunal Kolkata bench of Smt. Madhu Sinha has remitted the repayment plan remitted to the Committee of Creditors for reconsideration on the ground that no discussion …

Live Law

Personal Resolution Resolution Professional Tribunal

Adding Inflated Interest To Outstanding Liability Merely To Cross Threshold U/S 4 Of IBC Is Not Permissible: NCLAT

1 week, 6 days ago

Adding Inflated Interest To Outstanding Liability Merely To Cross Threshold U/S 4 Of IBC Is Not Permissible: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Mr. Barun Mitra has held that the interest cannot be added to the …

Live Law

Corporate Tribunal Code Debtor

When There Is No Privity Of Contract Between Operational Creditor And Corporate Debtor, Application U/S 9 Of IBC Cannot Be Admitted: NCLAT

1 week, 6 days ago

When There Is No Privity Of Contract Between Operational Creditor And Corporate Debtor, Application U/S 9 Of IBC Cannot Be Admitted: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Mr. Barun Mitra has held that an application under Section 9 of the …

Live Law

Contract Corporate Corporate Debtor Operational Creditor

NCLT Mumbai Dismisses Syska LED Lights' Plea For Withdrawal Of Insolvency Application U/S 12A Of IBC

1 week, 6 days ago

NCLT Mumbai Dismisses Syska LED Lights' Plea For Withdrawal Of Insolvency Application U/S 12A Of IBC

The National Company Law Tribunal, Mumbai bench comprising K.R. Saji Kumar and Anil Raj Chellan has dismissed the withdrawal application filed under Section 12A of the Insolvency and Bankruptcy Code …

Live Law

Corporate Insolvency Application Tribunal

Scrapping a key bankruptcy rule may yield faster liquidation, better recovery

2 weeks, 1 day ago

Scrapping a key bankruptcy rule may yield faster liquidation, better recovery

A rule that kept bankrupt businesses on life support is on its way out, promising speed, transparency and better liquidation value. “The proposed change will bring down costs by eliminating …

Insolvency Sale Assets Value

IBC Cases Weekly Round Up [17th March-23rd March 2025]

2 weeks, 2 days ago

IBC Cases Weekly Round Up [17th March-23rd March 2025]

Nominal Index: Manish Mukim v. Ms. Rakhi and Anr., Company Appeal No. Case Number:Company Appeal No.249 of 2025 The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok …

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NCLT Hyderabad Lays Out Structured Buy-Out Mechanism To Resolve Deadlock Between Shareholders In Escentia Group Case

2 weeks, 2 days ago

NCLT Hyderabad Lays Out Structured Buy-Out Mechanism To Resolve Deadlock Between Shareholders In Escentia Group Case

The National Company Law Tribunal Hyderabad bench of Dr. Venkata Ramakrishna Badarinath Nandula and Charan Singh in a company petition seeking relief under sections 241 and 242 of the Companies …

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Hyderabad Shareholders Companies Company

NCC share price zooms 4% to hit 6-week high on ₹1480 crore order win; up over 20% in March

2 weeks, 2 days ago

NCC share price zooms 4% to hit 6-week high on ₹1480 crore order win; up over 20% in March

Shares of NCC, one of India’s largest and most diversified construction companies, spiked 4% in early morning trade on Monday, March 24, reaching a 4-week high of ₹214 per share …

Ncc Order Win

Ex-Citigroup Asia Managing Director Shaw Sues Bank in Hong Kong

2 weeks, 2 days ago

Ex-Citigroup Asia Managing Director Shaw Sues Bank in Hong Kong

-- Philip John Shaw, a former head of Pan-Asia Execution Services at Citigroup Inc., sued the US bank to contest his summary dismissal in March 2019, after other ex-sales traders …

Asia Hong Kong Sales Kong

NCC share price jumps 5% after Rs 1,480 crore hospital redevelopment order

2 weeks, 2 days ago

NCC share price jumps 5% after Rs 1,480 crore hospital redevelopment order

Shares of NCC Ltd jumped sharply in early trade on Monday after a major deal win. The company’s stock initially jumped 5% on the Bombay Stock Exchange and was trading …

Order Ncc

INSCO flags obstacle by minority CoC member for SC-cleared Hindustan Glass insolvency resolution

2 weeks, 5 days ago

INSCO flags obstacle by minority CoC member for SC-cleared Hindustan Glass insolvency resolution

Independent Sugar Corporation Ltd., the successful resolution applicant for Hindustan National Glass & Industries Ltd., has written to the Committee of Creditors, alleging that that Exclusive Capital, a minority Committee …

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Greater Noida West: 600 homebuyers set to receive possession under NCLT’s reverse insolvency process

2 weeks, 6 days ago

Greater Noida West: 600 homebuyers set to receive possession under NCLT’s reverse insolvency process

As many as 600 homebuyers of RG Luxury Homes, who have been waiting to get possession of their housing units in Greater Noida West since the last six years, will …

Hindustan Times

Insolvency Homebuyers West Noida

NCLAT Dismisses Senior Advocate's Plea Over Non-Payment Of Over ₹6 Crore In Fees By Company, Says Pre-Existing Dispute Bars Initiation Of CIRP

2 weeks, 6 days ago

NCLAT Dismisses Senior Advocate's Plea Over Non-Payment Of Over ₹6 Crore In Fees By Company, Says Pre-Existing Dispute Bars Initiation Of CIRP

The National Company Law Appellate Tribunal, Principal Bench, New Delhi, consisting of Justice Ashok Bhushan and Arun Baroka, dismissed an appeal arising from the final order by the NCLT New …

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IBBI asks resolution professionals to be more open about losses carried forward

3 weeks, 1 day ago

IBBI asks resolution professionals to be more open about losses carried forward

New Delhi: The Insolvency and Bankruptcy Board of India has told debt resolution professionals to be more open about bankrupt companies’ past losses that can be carried forward, helping attract …

Resolution Debt Order Carry

Order Admitting CIRP Cannot Be Recalled In Absence Of Fraud Or Misrepresentation: NCLT Mumbai

3 weeks, 1 day ago

Order Admitting CIRP Cannot Be Recalled In Absence Of Fraud Or Misrepresentation: NCLT Mumbai

The National Company Law Tribunal, Mumbai comprising of Justice V.G. The Tribunal rejected Canara Bank's plea to recall CIRP admission but allowed the forensic audit to investigate the legitimacy of …

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No S.138 NI Act Case Against Ex-Director Of Company When Cause Of Action Arose After IBC Moratorium Was Declared: Supreme Court

3 weeks, 1 day ago

No S.138 NI Act Case Against Ex-Director Of Company When Cause Of Action Arose After IBC Moratorium Was Declared: Supreme Court

The Supreme Court held that if the cause of action for the offence of cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881 has arisen after the declaration …

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Zomato stock price zooms 6% today despite reports of insolvency plea

3 weeks, 1 day ago

Zomato stock price zooms 6% today despite reports of insolvency plea

Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company …

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LDA files ₹4,500-cr claim against Ansal API in NCLT

3 weeks, 1 day ago

LDA files ₹4,500-cr claim against Ansal API in NCLT

The Lucknow Development Authority has filed a claim of approximately ₹4,500 crore against Ansal Properties & Infrastructure Limited in the National Company Law Tribunal, seeking compensation for land acquisition, pending …

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Contempt of SC by 'Exclusive Capital' in the HNGIL matter? What Justice Gauba replied to queries by OpIndia

3 weeks, 1 day ago

Contempt of SC by 'Exclusive Capital' in the HNGIL matter? What Justice Gauba replied to queries by OpIndia

A series of financial irregularities and governance violations have come to light at Exclusive Capital Limited, a non-banking financial company, leading to multiple investigations and regulatory interventions. Exclusive Capital’s Role …

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FCRA cancellation: Delhi HC seeks Centre reply on CHRI plea

3 weeks, 2 days ago

FCRA cancellation: Delhi HC seeks Centre reply on CHRI plea

New Delhi, The Delhi High Court on Monday asked the Centre to respond to a plea of civil society organisation Commonwealth Human Rights Initiative challenging the cancellation of its FCRA …

Hindustan Times

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Supreme Court Stays CBI Investigation Against Ex-Tamil Nadu Minister KT Rajenthra Bhalaji In Corruption Case

3 weeks, 2 days ago

Supreme Court Stays CBI Investigation Against Ex-Tamil Nadu Minister KT Rajenthra Bhalaji In Corruption Case

The Supreme Court today passed an interim order restraining the Central Bureau of Investigation from conducting investigation into the allegations against former AIADMK Minister K.T. On January 6, the Madras …

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Rosmerta Digital seeks initiation of insolvency proceedings against Ola Electric's subsidiary

3 weeks, 3 days ago

Rosmerta Digital seeks initiation of insolvency proceedings against Ola Electric's subsidiary

Ola Electric Mobility Ltd on Saturday said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly owned arm Ola Electric …

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Rights Of Auction Purchaser Are Crystallized Upon Issuance Of Sale Certificate: NCLAT Chennai

3 weeks, 6 days ago

Rights Of Auction Purchaser Are Crystallized Upon Issuance Of Sale Certificate: NCLAT Chennai

The National Company Law Tribunal, Chennai comprising of Justice Sharad Kumar Sharma and Jatindranath Swain dismissed an appeal filed by the former director of the corporate debtor challenging the impugned …

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Dalmia Bharat subsidiaries merger: NCLT approves merger of Dalmia Cement’s North East arm with Vinay Cement

3 weeks, 6 days ago

Dalmia Bharat subsidiaries merger: NCLT approves merger of Dalmia Cement’s North East arm with Vinay Cement

Dalmia Bharat announced on Thursday that the National Company Law Tribunal, Guwahati Bench, has approved a Scheme of Arrangement between its subsidiaries, Vinay Cements and Dalmia Cement. As per the …

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IBC Weekly Round-Up [3rd March To 9th March, 2025]

4 weeks, 1 day ago

IBC Weekly Round-Up [3rd March To 9th March, 2025]

Nominal Index: Shri Krishan V. H.S Oberoi Buildtech Private Ltd.,Company Appeal No. 128 of 2025 The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan, …

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NCLAT upholds ICICI Sec delisting, dismisses appeal against NCLT order

Trending 4 weeks, 2 days ago

NCLAT upholds ICICI Sec delisting, dismisses appeal against NCLT order

In a major relief for ICICI Bank and ICICI Securities, the National Company Law Appellate Tribunal on Monday dismissed petitions challenging ICICI Securities’ delisting process from the stock exchanges. A …

New Indian Express

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NCLAT dismisses plea against resolution plan approval for Duncans Ind

1 month ago

NCLAT dismisses plea against resolution plan approval for Duncans Ind

New Delhi, Mar 9 Appellate tribunal NCLAT has set aside petitions against the NCLT order that approved the resolution plan for Duncans Industries. The National Company Law Appellate Tribunal also …

Resolution State Government Application Tribunal

Approved Resolution Plan Cannot Be Reopened For Belatedly Agitated Claims: NCLAT

1 month ago

Approved Resolution Plan Cannot Be Reopened For Belatedly Agitated Claims: NCLAT

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan, Barun Mitra and Arun Baroka, dismissed a set of four appeals filed under Section 61 …

Live Law

Corporate Resolution Claims Resolution Plan

Tata Capital to file IPO papers to raise over ₹17,000 crore after NCLT nod on merger with Tata Motors Fin: Report

1 month ago

Tata Capital to file IPO papers to raise over ₹17,000 crore after NCLT nod on merger with Tata Motors Fin: Report

Tata Capital, a financial services firm, is expected to file preliminary documents with market regulator SEBI for a $2 billion initial public offering only after receiving final approval from the …

Finance Financial Capital Nclt

IBC Monthly Digest [February 2025]

1 month ago

IBC Monthly Digest [February 2025]

Nominal Index: Damodar Valley Corporation vs. Mackeil Ispat & Forging Ltd. & Anr., Company Appeal No. Case Title: Edelweiss Asset Reconstruction Company Ltd. vs. Chirag Rejendrakumar Shah Case Number: Company …

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Appeal Insolvency Corporate Debtor Technical

Fresh trouble for SpiceJet as three aircraft lessors, former pilot file insolvency pleas

1 month ago

Fresh trouble for SpiceJet as three aircraft lessors, former pilot file insolvency pleas

SpiceJet is facing a fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three …

Insolvency Nclt Spicejet Ibc

NCLT Doesn't Have Jurisdiction To Direct ED To Defreeze Corporate Debtor's Account Frozen Under PMLA: NCLT

1 month ago

NCLT Doesn't Have Jurisdiction To Direct ED To Defreeze Corporate Debtor's Account Frozen Under PMLA: NCLT

The National Company Law Tribunal, New Delhi bench comprising Justice Bachu Venkat Balaram Das and Atul Chaturvedi has held that the NCLT, which is the Adjudicating Authority under the Insolvency …

Live Law

Jurisdiction Corporate Resolution Corporate Debtor

Payments From Corporate Debtor's Account Post-CIRP Commencement Without IRP Approval Is Breach Of Moratorium: NCLT Mumbai Directs Refund

1 month ago

Payments From Corporate Debtor's Account Post-CIRP Commencement Without IRP Approval Is Breach Of Moratorium: NCLT Mumbai Directs Refund

The National Company Law Tribunal, Mumbai bench comprising Prabhat Kumar and Justice V. G. Bisht have held that any payments made from the Corporate Debtor's account after the commencement of …

Live Law

Mumbai Corporate Payments Corporate Debtor