Search For "nclt"
Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 10 months ago IST
New Delhi [India], May 19 (ANI): Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, ac
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Tata Global Beverages and Tata Chemicals to combine consumer businesses
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 15 (ANI): Tata Global Beverages Limited (TGBL) and Tata Chemicals Limited (TCL) on Wednesday approved the de-merger of consumer products business of TCL into TGBL through a National Company Law Tribunal (NCLT) approved scheme of arrangement.
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SFIO arrests ex-IL&FS chairman Hari Sankaran
Updated : 6 years, 11 months ago IST
New Delhi [India], Apr 01 (ANI): The Serious Fraud Investigation Office (SFIO) has arrested former chairman of Infrastructure Leasing & Financial Services (IL&FS) Hari Sankaran in connection with the ongoing investigation into the affairs of the company and its group entities, sou
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Andhra Pradesh, Madhya Pradesh get new NCLT benches
Updated : 7 years ago IST
New Delhi [India], Mar 8 (ANI): The Central government has approved the establishment of two new benches of National Company Law Tribunal (NCLT)--one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh.
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JM Financial files application with NCLT against Hotel Leela Venture
Updated : 7 years ago IST
Mumbai (Maharashtra) [India], Feb 26 (ANI): Hotel Leela Venture said on Tuesday that JM Financial has filed an application with the National Company Law Tribunal's Mumbai Bench against Hotel Leela Venture Limited.
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ED raids underway at locations linked to ex-IL&FS chairman, others
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 20 (ANI): The Enforcement Directorate (ED) is conducting raids at four to five locations of people related to the Infrastructure Leasing & Financial Services (IL&FS) on
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Reliance Communications to approach NCLT for debt resolution
Updated : 7 years, 1 month ago IST
Mumbai [India], Feb 3 (ANI): The management of Reliance Communications Limited (RCOM) has decided to approach the National Company Law Tribunal (NCLT) with a debt resolution plan which includes among other things the sale of all telecom infrastructure assets and spectrum, said a company spok
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RCom decides to file for insolvency, to approach NCLT
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 2 (ANI): Reliance Communications has decided to file for insolvency and will move the National Company Law Tribunal (NCLT) for fast track resolution.
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SC orders attachment of Amrapali's 5-star hotel, other properties
Updated : 7 years, 3 months ago IST
New Delhi [India], Dec 5 (ANI): The Supreme Court on Wednesday ordered the attachment of real estate company Amrapali's 5-star hotel, fast-moving consumer goods (FMCG) company, corporate office, and malls.
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N Sivaraman named COO of IL&FS Group
Updated : 7 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 3 (ANI): Infrastructure Leasing and Financial Services (IL&FS) announced the apointment of N Sivaraman as the Chief Operating Officer (COO) of the IL&FS Group.
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'Fraud cannot be ruled out in IL&FS case'
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 10 (ANI): Government sources have said that a possibility of fraud cannot be ruled out in the Infrastructure Leasing & Financial Services Limited (IL&FS) case.
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Gujarat govt says no money spent on GIFT City project
Updated : 7 years, 5 months ago IST
Gandhinagar (Gujarat) [India], Oct 2 (ANI): Brushing aside the Congress' allegation, Gujarat government has said that it did not spend money on the GIFT City project in the state except the equity of Rs 32.5 crore.
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