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National Company Law Tribunal

National Company Law Tribunal

NCLT accepts Go First Airlines plea seeking insolvency proceedings, orders no sacking of employees

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The National Company Law Tribunal (NCLT) on Wednesday admitted the application filed by Go First Airlines seeking initiation of voluntary insolvency proceedings, while directing the company's suspend...
National Company Law Tribunal

NCLT Mumbai permits Jalan-Kalrock Consortium to take over Jet Airways

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National Company Law Tribunal, Mumbai permits the consortium of Murari Lal Jalan and Florian Fritsch to take over the Jet Airways India
National Company Law Tribunal

Adjudicating authority does not have powers to terminate resolution plan: NCLT

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The National Company Law Tribunal (NCLT) Hyderabad bench has ruled that under Section 31(1) of the Insolvency and Bankruptcy Code (IBC), 2016, the Adjudicating Authority does not have powers to termi...
National Company Law Tribunal

NCLT interim order directs Emaar Hills Township to compensate losses of Telangana govt, TSIIC

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The National Company Law Tribunal (NCLT) Hyderabad bench has ordered Emaar Hills Township Private Limited (EHTPL) to compensate the financial losses incurred by both the Government of Telangana and t...
Courts

Bank of India moves NCLT to initiate insolvency proceedings against Future Retail

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The National Company Law Tribunal (NCLT) Mumbai has been approached by Bank of India in the case regarding Future Retail Limited as they want to initiate the Corporate Insolvency Resolution Proc...
Courts

Delhi Gymkhana: NCLT allows Centre to take over club management, appoints 15-member committee

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The Central government in its petition further said that pursuant to several complaints received by it, the affairs of M/s Delhi Gymkhana Club Ltd were inspected by it under Section 206(5) of the Companies Act.
Courts

Supertech: National Company Law Tribunal initiates insolvency proceedings

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The National Company Law Tribunal has initiated insolvency proceedings against Supertech Limited for defaulting on payment of loan amount of Rs 431.92 crore to its creditor Union Bank of India. Th...
National Company Law Tribunal

National Company Law Tribunal has issued notice in view of the lockdown by Government

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National Company Law Tribunal (NCLT) has decided to close all its benches from March 23rd, till March 31st for judicial work in view of the lockdown announced by several state governments and Central ...

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