Articles for Plan Approved

Order Approving Resolution Plan Passed Beyond 330 Days Cannot Be Questioned When Application Seeking Approval Was Filed Within CIRP Period: NCLAT
1 week, 6 days ago

Order Approving Resolution Plan Passed Beyond 330 Days Cannot Be Questioned When Application Seeking Approval Was Filed Within CIRP Period: NCLAT

Live Law  

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan and Mr. Barun Mitra has held that when an order approving the Resolution Plan is passed by the Adjudicating Authority after expiry of 330 days but the application seeking approval was filed within the stipulated time period, it cannot be said the plan was approved after the …

Corporate Financial Resolution Order Tribunal Plan Filed
Information Memorandum Based On Which Resolution Plan Is Submitted And Approved By CoC Cannot Be Modified: NCLAT
3 months, 2 weeks ago

Information Memorandum Based On Which Resolution Plan Is Submitted And Approved By CoC Cannot Be Modified: NCLAT

Live Law  

The NCLAT New Delhi bench of Mr. Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that Information Memorandum prepared by the Resolution Professional based on which the Resolution Plan was submitted and later approved by the CoC, cannot be modified.In this case, the allotment units to homebuyers were cancelled by the erstwhile management of the Corporate …

Corporate Resolution Natural Justice Resolution Plan Appellants Units Based
NCLT approves Dickey Alternative, Adani Power consortium resolution plan for Coastal Energen
6 months, 2 weeks ago

NCLT approves Dickey Alternative, Adani Power consortium resolution plan for Coastal Energen

The Hindu  

India’s National Company Law Tribunal on Friday approved Dickey Alternative Investment Trust and Adani Power Limited’s ₹3,335.52 crore resolution plan for bankrupt Coastal Energen Private Limited, which owns and operates an imported coal-based thermal power plant at Tuticorin, Tamil Nadu. In February, the Dickey Alternative Investment Trust and Adani Power Limited received approval from Competition Commission of India for acquiring …

Resolution Coastal Nclt Coastal Energen Energen Plan Approved Dickey Alternative
The German Cabinet has approved a plan to make it easier for people to legally change name, gender
1 year, 6 months ago

The German Cabinet has approved a plan to make it easier for people to legally change name, gender

Associated Press  

BERLIN — Germany’s Cabinet on Wednesday approved a plan to make it easier for transgender, intersex and nonbinary people to change their name and gender in official documents, legislation that the justice minister said aims to make life easier for “a small group for which it has great significance.” The legislation still needs approval by parliament. Under the planned “self-determination …

Change Gender Germany Buschmann
Barcelona get contract, transfer boost after La Liga financial plan approved
1 year, 9 months ago

Barcelona get contract, transfer boost after La Liga financial plan approved

New York Times  

Barcelona have been given the green light to register new contracts — and plot new signings — after La Liga approved their financial “viability plan”. The league rejected an attempt by Barcelona in January to register Gavi as a first-team player due to a negative salary balance that was exacerbated by the club’s early Champions League exit. La Liga’s approval …

Barcelona Messi Xavi La Liga Lionel Messi Plan Approved
Cabinet approves plan to set up 2 lakh PACS in next 5 years
2 years ago

Cabinet approves plan to set up 2 lakh PACS in next 5 years

Deccan Chronicle  

New Delhi: Seeking to strengthen the cooperative movement in the country, the union Cabinet on Wednesday approved setting up of 2 lakh Primary Agriculture Credit Societies and dairy-fishery cooperatives in uncovered villages and panchayats over the next five years. The plan is to establish PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives …

Cooperative Cabinet Societies Pacs
Biden’s climate bill might be dead. But he just approved two huge solar farms
3 years, 2 months ago

Biden’s climate bill might be dead. But he just approved two huge solar farms

LA Times  

“We absolutely have to move forward as much as we can with clean energy,” Interior Secretary Deb Haaland told The Times. The Interior Department gave the green light Tuesday to two huge solar farms in the California desert — a reminder that the Biden administration still has tools to combat climate change even if it can’t pass the president’s “Build …

Conservation Climate Change Clean Energy Climate Interior Solar California
NCLT gives nod to Reliance Infratel resolution plan; lenders may get around Rs 4,400 crore
4 years, 3 months ago

NCLT gives nod to Reliance Infratel resolution plan; lenders may get around Rs 4,400 crore

India TV News  

The National Company Law Tribunal on Thursday approved a resolution plan of Reliance Infratel following which lenders may get around Rs 4,400 crore and Reliance Jio may pick up the assets of the debt-ridden telecom infrastructure company, according to sources. Reliance Jio through its subsidiary placed bids to acquire assets of Reliance Communications' fully owned subsidiary Reliance Infratel which has …

Resolution Jio Resolution Plan Crore Nclt Reliance Plan Approved
Op-Ed: One year ago, L.A. approved an ambitious housing plan. What’s happened since? Nothing
5 years, 8 months ago

Op-Ed: One year ago, L.A. approved an ambitious housing plan. What’s happened since? Nothing

LA Times  

The L.A. City Council unanimously approved last year zoning changes to increase housing near five Expo Line stations on the Westside. By a unanimous vote, the L.A. City Council approved the Expo Corridor Transit Neighborhood Plan, a set of updates to the city’s zoning code that would make it legal to build mid-rise apartments and mixed-use retail near five Westside …

Housing City California Plan Line Expo Nimby
Debarment of The Defaulting Resolution Applicants: A Need of The Hour
5 years, 8 months ago

Debarment of The Defaulting Resolution Applicants: A Need of The Hour

Live Law  

However, in some matters, the resolution plan are yet to see the light of the day because the successful resolution applicants have either withdrawn from the resolution process before the approval of their respective resolution plan by the National Company Law Tribunal or have failed to implement the approved resolution plan for one or other reasons and as a result, …

Corporate Resolution Plan Person Nclat Code Applicants Authority
NCLT approves Liberty House bid for Amtek Auto; total potential recovery by creditors calculated at Rs 4,404 crore
6 years, 7 months ago

NCLT approves Liberty House bid for Amtek Auto; total potential recovery by creditors calculated at Rs 4,404 crore

Firstpost  

Amtek has a total debt of Rs 12,603 crores and the liquidation value of its assets was determined at Rs 4,119 crores New Delhi: The National Company Law Tribunal on Wednesday approved the bid of UK-based Liberty House to acquire the debt-ridden Amtek Auto. “The Adjudicating Authority has been pleased to approve the resolution plan submitted by Liberty House Group …

Resolution Plan Crore Nclt Crores Amtek Liberty House
Japanese parliament passes tsunami recovery budget
13 years, 10 months ago

Japanese parliament passes tsunami recovery budget

The Hindu  

Japan’s parliament passed a 4 trillion yen tsunami recovery budget on Monday, but it will cover only a fraction of the cost of what was the most expensive disaster ever. “I’m anxious to get the budget plan approved as quickly as possible so that we can reimburse funds for the projects immediately,” Finance Minister Yoshihiko Noda said at the budget …

Disaster Response Japan Parliament Kan Plan Approved Budget Plan Budget Plan Approved