Search For "resolution plan"
DFS secretary M Nagaraju chairs review meeting to discuss issues related t
Updated : 3 months, 3 weeks ago IST
Progress on the cases that were admitted at NCLT, those which were resolved at NCLT and the ones disposed off outside the IBC was acknowledged. The review of major cases awaiting admission and resolution at the NCLT benches was undertaken. Secretary (DFS) emphasised that the timelines in
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Committee of Creditors likely to put resolution plan for Jaiprakash Associ
Updated : 4 months, 1 week ago IST
Conglomerate Jaiprakash Associates Limited, which has been under deep financial stress along with several financial creditors and thousands of homebuyers, will soon see light at the end of the tunnel with the resolution process expected to conclude soon, sources in the know said Sunday.
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NCLAT overrules NCLT: Univastu's resolution plan for Setubandhan gets reco
Updated : 8 months, 1 week ago IST
The National Company Law Appellate Tribunal (NCLAT) has overturned a decision passed by the National Company Law Tribunal (NCLT), which had rejected a resolution plan submitted by Univastu India Limited for Setubandhan Infrastructure Ltd. The NCLAT has now directed that the plan be reconside
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Adani Power completes acquisition of 600 MW Vidarbha Power
Updated : 8 months, 1 week ago IST
Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company.
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Government likely to bring IBC amendment bill in Parliament's monsoon sess
Updated : 10 months ago IST
The amendment in Section 31(4) of the Insolvency and Bankruptcy Code (IBC) will be made. This particular section mandates prior approval from the CCI for any resolution plan.
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Homebuyers' victory: NCLT approves resolution plan for Universal Buildwell
Updated : 1 year ago IST
This decision, passed on March 7, 2025, paves the way for homebuyers to receive their units with the help of their own association, which will complete the construction in a time-bound manner.
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NCLT Approves Resolution Plan for RITE BUILTEC PRIVATE LIMITED
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], January 16: In a landmark ruling, the National Company Law Tribunal (NCLT), Mumbai has approved the resolution plan for RITE BUILTEC PRIVATE LIMITED, having an SRA (Slum Rehabilitation Authority) project located in Devipada, Borivali (Mumbai). This marks the 4th
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Sangamam Power Projects to Retain 1200 Employees of Karvy Data Management
Updated : 1 year, 2 months ago IST
Hyderabad (Telangana) [India], December 27: In a significant development, the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Sangamam Power Projects, a leader in sustainable energy solutions, to acquire Karvy Data Management Services Limited (KDMSL) and it
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NCLAT clears Sapphire Media's acquisition of Big 92.7 FM, dismisses appeal
Updated : 1 year, 2 months ago IST
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media's resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of appeals filed by Radio Mirchi, Orange FM, and others.
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SC orders liquidation of Jet Airways, quashes NCLAT order
Updated : 1 year, 4 months ago IST
Exercising its extraordinary powers under Article 142 of the Indian Constitution, the Supreme Court on Thursday ordered the liquidation of the grounded air carrier Jet Airways after finding out that the resolution plan was not implemented.
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Supreme Court overturns NCLAT order, Jet Airways to go into liquidation
Updated : 1 year, 4 months ago IST
The Supreme Court on Thursday set aside the National Company Law Appellate Tribunal (NCLAT) order which has allowed cash-strapped Jet Airways ownership transfer to Jalan-Kalrock Consortium (JKC). The apex court order came after the resolution plan approved by NCLAT was not implemented for ov
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Resolutions under IBC up by a record 42 pc in FY 2024; real estate and man
Updated : 1 year, 7 months ago IST
The Insolvency and Bankruptcy Code (IBC) recorded the highest-ever number of resolutions in fiscal 2024. In the year 269 cases received approval from the National Company Law Tribunal (NCLT) for resolution plans.
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