Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

IBC | Financial Creditor Can Submit Claim Even If There Is No Default Of Debt : Supreme Court

Live Law

The Supreme Court has observed a default is not necessary for a debt to become a financial debt under the Insolvency and Bankruptcy Code, 2016. A bench comprising Justice Abhay S Oka and Justice Augustine George Masih held that under Section 5 of the IBC, any person to whom financial debt is owed becomes a Financial Creditor even if there …

Supreme Court Financial Bank Debt Appellants Person Claim

IBC | Financial Creditor Can Submit Claim Even If There Is No Default Of Debt : Supreme Court

Live Law

The Supreme Court has observed a default is not necessary for a debt to become a financial debt under the Insolvency and Bankruptcy Code, 2016. A bench comprising Justice Abhay S Oka and Justice Augustine George Masih held that under Section 5 of the IBC, any person to whom financial debt is owed becomes a Financial Creditor even if there …

Court Bank Appellants Person Claim Default Owed

3 days, 14 hours ago

These 5 banks revise their fixed deposit interest rates: Check details

Hindustan Times

A number of banks have revised their fixed deposit interest rates in December 2024. Time Period Single Deposit Less than ₹ 3 crore Single Deposit Less than ₹ 3 crore 7 days to 29 days 3.00% 3.50% 30 days to 45 days 3.50% 4.00% 46 days to 180 days 5.50% 6.00% 181 days 6.50% 7.00% 182 days to 270 days …

Bank Interest Rates Interest Senior Citizens Crore Rates Months

5 days, 13 hours ago

Date Of Default In Case Of Personal Guarantor Depends On Terms Of Contract Of Guarantee: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Barun Mitra has held that the liability of a borrower and guarantor is co-extensive but the liability of a Guarantor stems from the contract of guarantee and therefore the date of default in the case of the guarantor depends on the terms of contract of guarantee. Since …

Personal Bank Application Respondent Notice Date Demand

1 week, 5 days ago

Petition U/S 7 Of IBC Cannot Be Barred For Default Committed Prior To S.10A Period: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka has held that when default has been committed by the Corporate Debtor prior to Section 10A period, any default committed during the Section 10A period cannot be held to bar the application which is filed on the basis of default prior to Section 10A and subsequent …

Corporate Interest Tribunal Period Date Petition Default

2 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

India Crore Sector Banks Gross Outstanding Npas

2 weeks, 4 days ago

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra has held that upon declaration of the loan account/ debt as NPA that date can be reckoned as the date of default to enable the Financial Creditor to initiate action under Section 7 of the Code. There being default by the Corporate Debtor prior to 01.03.2020 and also …

Corporate Bank Application Debt Period Date File

December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know

Live Mint

Many financial deadlines are approaching as we are just a month away from the new year. From revised FD rates to deadlines related to Aadhaar updates and income tax returns, people need to keep a few dates in mind in December. Under this FD scheme, the general public will get interest rates of 7.05%, 7.25%, 7.35%, and 7.20% for 300 …

Aadhaar Bank Interest Rates Interest Rates Itr Update

3 weeks, 4 days ago

Key financial deadlines in December 2024: Aadhaar updates, ITR filing and more | Check details

India TV News

As December approaches, it's essential to be aware of key financial deadlines that can significantly impact your personal finances. AU small finance bank credit card changes – December 22, 2024 AU Small Finance Bank has announced changes to its Ixigo AU credit card’s reward points system. Additionally, the bank is removing reward points for international transactions and implementing a zero …

Financial Aadhaar 2024 Reward Points Itr Deadline Deadlines

1 month ago

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

Live Law

The National Company Law Tribunal, Mumbai bench, comprising Justice V. G. Bisht and Sh. The Tribunal reiterated that the existence of an arbitral award in favour of the Corporate Debtor did not bar the admission of the CIRP petition. When initiation of CIRP is resisted on the ground of existence of an award in favour of corporate debtor whose amount …

Corporate Financial Bank Debt Tribunal Respondent Nclt

1 month, 2 weeks ago

Recall Notice Issued During Cut-Off Period U/S 10A Of IBC Doesn't Alter Date Of Default If Default Occurred Before Cut-Off Period: NCLAT

Live Law

The National Company Law Appellate Tribunal, New Delhi bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey has held that the issuance of a recall notice during the cut off period specified under Section 10A does not defer the date of default if the default occurred before 25.03.2020. The Tribunal noted that the recall notice issued …

Corporate Corporate Debtor Recall Tribunal Period Notice Default

1 month, 3 weeks ago

NCLAT Rejects Section 7 Application Despite Clear Binding Precedent: Canara Bank vs. GTL

Live Law

The NCLAT bench affirmed that a petition under section 7 of the IBC cannot be rejected merely on the ground that there are chances of the amount being recovered from other proceedings which will satisfy the entire debt of the creditors. The tribunal further observed that the ratio of the Vidharbha ruling cannot be applied mechanically without satisfying itself as …

Law NCLAT IBC Debt and Default New Delhi

3 months, 3 weeks ago

Adani Enterprises launches ₹800 crore NCD issue with interest rates up to 9.90% and green shoe option. Check details

Live Mint

NCD Issue: Adani Enterprises Limited has launched a public issue of secured, rated, listed, redeemable, non-convertible debentures valued at ₹1,000 each, aiming to raise ₹400 crore initially. The company has also included a green shoe option, allowing for an oversubscription of up to ₹400 crore, bringing the total potential issue size to ₹800 crore, as per an exchange filing. Medium-term …

Interest Rates Interest Cent Ncd Bse Ncds

4 months, 1 week ago

Cases against 147 individuals for defaulting ₹2.39 cr in property tax

Hindustan Times

Pune Municipal Corporation last week issued directions to lodge criminal cases against property tax defaulters who have been accused in cheque-bouncing cases. Out of the total figure, 147 individuals owing property tax dues worth ₹ 2.39 crore have been found defaulting. From April 1, 2024, to July 31, the PMC property tax department received 1,938 cheques with a total defaulting …

Tax Property Property Tax Pmc Dues Cr 147 Individuals

6 months, 2 weeks ago

Financial Creditor Can Initiate Simultaneous Or Independent Proceedings Against Principle Borrower And Personal Guarantor: NCLT Mumbai

Live Law

The National Company Law Tribunal, Mumbai Bench-VI bench of K. R. Saji Kumar and Sanjiv Dutt has held that the principal debtor and the surety are jointly and severally liable to the creditor which has the right to recover its dues from either or both of them simultaneously. Observations by the NCLT: The NCLT considered the objection raised by the …

Personal Corporate Financial Insolvency Loan Nclt Proceedings

6 months, 3 weeks ago

NCLT initiates insolvency against Jaiprakash Associates, admits ICICI Bank plea

Hindustan Times

New Delhi, June 3 The National Company Law Tribunal on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates Ltd, admitting the plea filed by private lender ICICI Bank. The National Company Law Tribunal on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates Ltd, admitting the plea filed by private lender ICICI Bank Jaiprakash Associates …

Insolvency Bank Company Tribunal Crore Nclt Icici Bank

9 months, 2 weeks ago

RBI directs JM Financial Products Limited to halt financing against shares, debentures

India TV News

The Reserve Bank of India has issued a directive to JM Financial Products Limited to immediately cease all forms of financing against shares and debentures. Basis of action The RBI's decision stemmed from significant deficiencies observed in loans sanctioned by JMFPL for IPO financing and Non-Convertible Debenture subscriptions. Immediate effect The directive mandated an immediate cessation of all financing activities …

Rbi Products Limited Jmfpl

10 months ago

IBC resolves 891 cases involving Rs 10 lakh crore loan defaults till Dec '23

New Indian Express

NEW DELHI: The Insolvency and Bankruptcy Code has resolved 891 cases of defaults involving banks loans worth R10 lakh crore till December 2023. According to IBBI’s quarterly report, 27,500 applications for initiation of corporate insolvency resolution process against companies involving defaults of R9.74 lakh crore were withdrawn before admission. As many as 79 corporate insolvency cases were resolved in the …

Insolvency Resolution Cases Crore Quarter Ibc Till Dec

10 months, 1 week ago

NCLAT Delhi: Definition Of Financial Debt U/S 5(8) Does Not Provide Disbursal To Be Made To Corporate Debtor Only

Live Law

The National Company Law Appellate Tribunal New Delhi, comprising Justice Ashok Bhushan and Mr. Naresh Salecha held that the definition of Financial Debt under Section 5 of Insolvency and Bankruptcy Code, 2016 does not use the expression that disbursal should be made to the Corporate Debtor only. A Business Support Agreement was entered into between the Corporate Debtor and its …

Corporate Financial Corporate Debtor Debt New Delhi Respondent Nclat

10 months, 3 weeks ago

NCLT Mumbai: Corporate Guarantor's Date Of Default Is Independent Of Principal Borrower's Date Of Default

Live Law

The National Company Law Tribunal Mumbai, comprising Justice Mr. Kishore Vemulapalli and Ms. Anu Jagmohan Singh held that the date of default by the Principal Borrower is not relevant to determine the date of default by the Corporate Guarantor. NCLT Verdict: The NCLT Mumbai allowed the application and held that the date of default by the Principal Borrower is not …

Mumbai Corporate Financial Corporate Debtor Date Nclt Default

10 months, 3 weeks ago

NCLT Kolkata: Filing Of Default Information With Information Utility Under Rule 20(1A) Of IBBI (UI) Regulations 2017 Is Not Mandatory

Live Law

The National Company Law Tribunal Kolkata comprising Smt. Bidisha Banerjee and Shri D. Arvind held that the filing of default information with Information Utility in compliance with Rule 20 of IBBI Regulations 2017 is not mandatory compliance. NCLT Verdict: The NCLT Kolkata admitted the CIRP application and held that the filing of default information with Information Utility in compliance with …

Kolkata Corporate Financial Information Insolvency Resolution Regulations

11 months, 2 weeks ago

NCLAT Delhi: Non-Stamping Of Agreement Doesn't Render CIRP As Non-Maintainable When Other Material To Prove Default Of Debt Exists

Live Law

The National Company Law Appellate Tribunal, New Delhi Bench, comprising Justice Ashok Bhushan, Barun Mitra and Arun Baroka held that the Non-stamping of document does not render the Corporate Insolvency Resolution Process petition filed to be non-maintainable when there exists other material on record to prove existence of default in the payment of debt. NCLAT Verdict: The NCLAT New Delhi …

Corporate Debtor Nclt Nclat Document Default Other Material Cirp

11 months, 2 weeks ago

Edelweiss announces public issue of redeemable NCDs worth ₹250 crore

Live Mint

On January 9, 2024, Edelweiss Financial Services unveiled its public offering of secured redeemable non-convertible debentures. There are 10 sets of NCDs featuring fixed coupons and varying tenures of 24 months, 36 months, 60 months, and 120 months, offering annual, monthly, and cumulative interest options. The effective annual yield for these NCDs falls within the range of 8.94 per cent …

Issue Ncds

11 months, 2 weeks ago

NCLT Mumbai: Financial Creditor Can't Initiate CIRP Against Successful Resolution Applicant On Default Of Payment As Per Resolution Plan

Live Law

The National Company Law Tribunal, Mumbai Bench, comprising Shri Kuldip Kumar Kareer and Shri Anil Raj Chellan held that the Financial Creditor cannot initiate a Corporate Insolvency Resolution Process application against the Successful Resolution Applicant on default in payment to Stakeholders/Creditors as per terms of the approved Resolution Plan under Insolvency and Bankruptcy Code, 2016. Where the corporate debtor, any …

Corporate Financial Resolution Resolution Plan Tribunal Plan Five Years

1 year ago

NCLT Kolkata: Explicit Written Agreement Of Loan Compulsory For NBFC To Establish 'Financial Debt'

Live Law

The National Company Law Tribunal, Kolkata Bench, comprising of Smt. Bidisha Banerjee and Shri Arvind Devanathan dismissing a CIRP petition held that an explicit written agreement of loan is compulsory for the Financial Creditor for being a NBFC to demonstrate whether the amount disbursed constituted a 'financial debt' under Insolvency and Bankruptcy Code, 2016. Further, the Corporate Debtor's balance sheet …

Corporate Financial Debt Loan Agreement Tribunal Nclt

1 year, 1 month ago

NCLAT Delhi: Scope Of Enquiry By The Adjudicating Authority Under Section 31 Is Confined To Section 30(4) Compliance

Live Law

The National Company Law Appellate Tribunal, Delhi Bench, comprising of Justice Ashok Bhushan and Mr Barun Mitra has dismissed an appeal and held that the scope of enquiry of the National Company Law Tribunal as per Section 31 of Insolvency and Bankruptcy Code, 2016 is confined to scrutinising whether Section 30 IBC has been complied with. Sita Chaudhary, the suspended …

Corporate Resolution Corporate Debtor Resolution Plan Plan Nclt Singh

1 year, 2 months ago

NCLAT New Delhi: Date Of Default As Per One Time Restructure Agreement Shall Be Date Of Default

Live Law

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan and Barun Mitra, dismissed an appeal filed in Pradeep Madhukar More vs. Central Bank of India. The Appellate Tribunal held that if the Bank has entered into One Time Restructuring Agreement with the Corporate Debtor, the date of default for the purpose of Section 10A …

Corporate Central Bank Bank Agreement Date Nclat Code

1 year, 4 months ago

Credit card default rises to Rs 4,072 crore in FY23

India TV News

Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding …

Credit Credit Card Credit Cards Crore Rbi Banks Karad

1 year, 6 months ago

Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: RBI Governor

India TV News

Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute "compromise settlements and technical write-offs" …

Rbi Das Digital Lending Compromise Settlements

1 year, 7 months ago

NCLT Mumbai Dismisses Section 7 Petition Against Direct Media Distribution Ventures Limited

Live Law

The NCLT Mumbai bench comprising of Shri Kishore Vemulapalli and Shri Prabhat Kumar has dismissed a petition under Section 7 of Insolvency and Bankruptcy Code, 2016 against Direct Media Distribution Ventures Limited and refused to initiate Corporate Insolvency Resolution Process against it. 1 Crore each issued by Essel Infraprojects Limited Essel and the Financial Creditor entered into a Debenture Trust …

Media Financial Direct Creditor Debentures Debenture Mumbai Dismisses

1 year, 7 months ago

Jaiprakash Associates defaults on $508 mn loan repayment due on March 31

ABP News

Jaiprakash Associates Ltd, in an exchange filing on Saturday, announced that it had defaulted on the repayment of loans amounting to Rs 4,161 crore, which were due on March 31. Jaiparakash Associates said, "The total borrowing of the Company is Rs 29,396 crore, repayable by 2037, against which only Rs 4,161 crore is overdue as on March 31, 2023. The …

Loan Company Crore Nclt Associates Jal Jaiprakash Associates

1 year, 9 months ago

Insufficiency Of Stamp On Loan Documents Not Relevant For Admissibility Of Section 7 Petition: NCLT Mumbai Reiterates

Live Law

The National Company Law Tribunal, Mumbai Bench, comprising of Shri Kuldip Kumar Kareer and Smt. Anuradha Sanjay Bhatia, while adjudicating a petition filed in Kotak Mahindra Bank Ltd. Vs M/s Hybro Foods Private Limited has reiterated that the insufficiency in the stamping of the loan documents is not a relevant ground for dismissing a petition under Section 7 of Insolvency …

Corporate Financial Loan Tribunal Limited Original Petition

1 year, 10 months ago

No Acknowledgement Of Liability Based On An Unrealized Cheque: NCLAT Chennai

Live Law

The National Company Law Appellate Tribunal, Chennai Bench, comprising of Justice M. Venugopal and Ms. Shreesha Merla, while adjudicating an appeal filed in M/s. UCAL Fuel Systems Ltd., has held that a cheque which has not been encashed, cannot amount to an ‘acknowledgement of liability’ in terms of Section 18 of the Limitation Act, 1963. The Operational Creditor submitted that …

Corporate Corporate Debtor Operational Limitation Liability Bench Nclat

1 year, 10 months ago

Benefit U/S 10A Of IBC Can Only Be Claimed When Default Occurs During Prohibited Period: NCLAT Delhi

Live Law

The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Mr. Barun Mitra, while adjudicating an appeal filed in Vishal Agarwal v ICICI Prudential Real Estate AIF-I & Anr., has held that benefit under Section 10A of IBC can only be claimed when there is clear default during the prohibited period. Notwithstanding anything contained in sections …

Corporate Financial Corporate Debtor Period 2019 Bench Nclat

1 year, 11 months ago

IIFL Finance to raise funds via public issue of NCDs; issue to open this week

Live Mint

IIFL Finance is planning to raise through the public issue of non-convertible debentures. The Tranche I Issue consists of public issue by the company of Secured Redeemable Non-Convertible Debentures of face value of ₹1,000 each for an amount upto ₹1,000 million with an option to retain oversubscription upto ₹9,000 million aggregating to ₹10,000 million, which is within the Shelf Limit …

Issue Iifl Finance Public Issue Debentures Ncds

2 years ago

Banks write off loans worth Rs 11.17 lakh crore in last 6 years

Deccan Chronicle

NEW DELHI: Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday. "As per RBI data, public sector banks and scheduled commercial banks wrote off an aggregate amount of Rs 8,16,421 crore and Rs 11,17,883 crore respectively during the last six financial years," …

Financial Public Sector Banks Crore Public Sector Rbi Banks

2 years ago

Vodafone Idea, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28

News 18

Debt-ridden Vodafone Idea and its vendor ATC Telecom Infrastructure have agreed to extend the last date for a subscription of Rs 1,600 crore optionally convertible debentures till February 28, the telecom operator said in a regulatory filing. The conditions for approval include the nod of VIL shareholders and conversion of interest liability on the company arising from the deferment of …

Equity Interest Company Vodafone Idea Vil Interest Liability

2 years, 1 month ago

Monthly Digest Of IBC Cases: October 2022

Live Law

Supreme Court Discretion Of NCLT Under Section 7 IBC - Observations In 'Vidarbha Industries' Made In Context Of Case: Supreme Court Refuses Review Case Title : Axis Bank Ltd versus Vidarbha Industries Power Ltd Case No. : 2022 LiveLaw 817, RP 1043/2022 The Supreme Court Bench comprising of Justices Indira Banerjee and JK Maheshwari held that there is no ground …

Law India Supreme Court Court Video Conferencing Resolution National

2 years, 2 months ago

Bid deadline for India’s Future Retail extended due to low interest: Report

Live Mint

The resolution professional for India's debt-laden Future Retail Ltd has extended the deadline for potential buyers to submit their bids for the retailer, due to tepid interest, two banking sources said on Friday. Future Retail's RP did not immediately respond to an email seeking comment. Future Group's flagship retail unit, Future Retail was once the country's second-largest retailer but has …

India Retail Future Bank Future Retail

2 years, 2 months ago

Operational Creditor Cannot Change The 'Date Of Default' By Confining The Invoices To A Later Period: NCLT Mumbai Reiterates

Live Law

The National Company Law Tribunal, Mumbai Bench, comprising of Shri H.V. Ltd., has reiterated that the Operational Creditor cannot change the 'date of default' by confining the invoices to a later period. On 15.05.2019 the Operational Creditor issued demand notice to the Corporate Debtor, demanding balance principle amount of Rs. Whether the 'Operational Creditor' can change the 'date of default' …

Mumbai Corporate Operational Creditor Operational Tribunal Notice Date

2 years, 4 months ago

S.7(5)(b) IBC | Provision To Notify Financial Creditor Before Rejecting Claim Extends To Appeals Before NCLAT: Supreme Court

Live Law

The Supreme Court has that provision of Section 7 of the Insolvency and Bankruptcy Code, 2016, which requires the Adjudicating Authority to notify the Financial Creditor before rejection of a claim, would be applicable to appeals as well, since appeal is the continuation of original proceedings. A Bench comprising Justices Indira Banerjee and J.K. Maheshwari allowed an appeal filed by …

Corporate Court Bank Application Debt Limitation Act Limitation

2 years, 4 months ago

Declaring NPA And Wilful Defaulter: A Banker's Obligation

Live Law

Banks are evaluated on their standard of assets as well as their number of branches and deposit volume. Vs. Union of India & Anr., the High Court of Delhi relying on the findings of the Supreme Court in the matter of Mardia Chemicals Ltd. v Union of India 4 SCC 311, held that declaring an asset as NPA is not …

Court Natural Justice Committee Rbi Banks Borrowers Lenders

2 years, 4 months ago

Entries In Book Of Accounts/Balance Sheet Of Corporate Debtor Can Be Treated As Acknowledgment Of Liability Of Debt Payable To Financial Creditor: Supreme Court

Live Law

The Supreme Court observed the entries in Books of Account/Balance sheet of a company can be treated as acknowledgement of liability in respect of debt payable to a financial creditor.An application under Section 7 of the IBC would not be barred by limitation, on the ground that it had been filed beyond a period of three years from the date …

Supreme Court Corporate Financial Court Corporate Debtor Application Debt

2 years, 5 months ago

OTS Proposal Is An 'Acknowledgement Of Debt' Under Section 18 Of Limitation Act: NCLAT Delhi

Live Law

The National Company Law Appellate Tribunal, New Delhi Bench, comprising of Justice Anant Bijay Singh and Ms. Shreesha Merla, while adjudicating an appeal filed in Tejas Khandhar v Bank of Baroda, has held that a One Time Settlement proposal falls within the definition of 'acknowledgement of debt' under Section 18 of the Limitation Act, 1963. Further, the acknowledgment must be …

Corporate Financial Proposal Debt Limitation Act Filed Bench

2 years, 6 months ago

NCLT Mumbai Initiates Insolvency Proceedings Against Nirmal Lifestyle (Kalyan) Pvt. Ltd.

Live Law

The National Company Law Tribunal, Mumbai Bench, comprising of Mr. Kishore Vemulapalli and Mr. Rajesh Sharma, while adjudicating an application in Srei Equipment Finance Ltd. v Nirmal Lifestyle Pvt. Contentions Of The Corporate Debtor The Corporate Debtor submitted that it had requested the Financial Creditor for restructuring the Loan amount due to the financial disruptions caused by COVID 19 pandemic …

Financial Corporate Debtor Loan Limited Default Irp Ibc

2 years, 6 months ago

Bad bank to kick off NPA takeover in July

The Hindu

The National Asset Reconstruction Company Ltd., set up to take over large bad loans of more than ₹500 crore from banks, will pick up the first set of such non-performing assets in July, the Finance Ministry said on Monday. The NARCL, which will acquire the bad loans from banks, and the India Debt Resolution Company Ltd. - which will then …

Set Narcl Npa Takeover

2 years, 6 months ago

Minimum Threshold Of Rs. 1 Crore Must Be Met, Even If Default Had Occurred Or Demand Notice Was Sent Prior To 24th March, 2020: NCLT Delhi

Live Law

The National Company Law Tribunal, New Delhi Bench, comprising of Shri Dharminder Singh and Ms. Sumita Purkayastha, while adjudicating the matter of Mr. Daxesh D. Desai v Shopzo Brand Pvt. Ltd., has held that for determining maintainability of an application in terms of Section 4 of the Insolvency and Bankruptcy Code, 2016, the date of filing of a petition has …

Application Respondent Date Nclt Bench Threshold Default

2 years, 7 months ago

NCLT Mumbai Grants Time To Future Retail Ltd. To File Reply In Insolvency Plea

Live Law

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P.N. Deshmukh and Shri Shyam Babu Gautam, while hearing a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, titled Bank of India v Future Retail Ltd., has granted time to Future Retail Ltd. for filing a reply to the petition. Future Retail Ltd. is the flagship …

India Future Bank Nclt Deal Petition Petitioner

Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

History of this topic

Future Enterprises defaults on ₹15.73 cr interest dues on NCDs

Future Lifestyle Fashions defaults on NCD payments

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