Journalism of Courage
National Company Law Tribunal
NATIONAL COMPANY LAW TRIBUNAL NEWS
NCLT approves Air India-Vistara merger
June 06, 2024 11:24 pm
In a 31-page order, the Chandigarh bench of the NCLT approved the "composite scheme of arrangement" involving Talace, Air India and Vistara. All are part of the Tata Group.
Delhi Confidential: Tinsel Twist
April 10, 2024 2:15 am
After the Model Code of Conduct came into effect last month, the Rural Development ministry is using memes based on Bollywood actors and movies for publicity of its schemes on social media.
NCLT dismisses SBI’s petition against Bajaj Hindusthan Sugar
October 27, 2023 1:00 am
Bajaj Hindusthan Sugar is an integrated sugar company with an extensive network of 14 mills spread across Uttar Pradesh. It has an aggregate sugarcane crushing capacity of 136,000 tonnes crushed per day (TCD) and alcohol distillation capacity of 800 kilolitres per day (KLD).
Supreme Court pulls up two from NCLAT, issues contempt notice: ‘Shows the rot there’
October 19, 2023 7:19 am
The bench directed the two NCLAT members – Justice Rakesh Kumar (judicial) and Alok Srivastava (technical) – to appear before it on October 30. While Justice Kumar is a retired judge of Andhra Pradesh High Court, Srivastava is a former Union Law Secretary.
Update status of reservation on over 14-acre land: Law tribunal tells Thane Municipal Corporation
August 03, 2023 1:03 am
The homebuyers of Modella Textile Industries Ltd, subsidiary of Nirmal Lifestyle, have sought rejection of a plan approved by the Committee of Creditors (COC).
Go First revival: Lenders to examine funding options, success of revival plan
June 12, 2023 7:53 am
The total debt outstanding of the airline stood at over Rs 6,000 crore as of the end of April 2023. Go First had voluntarily filed for insolvency resolution proceedings before the Delhi bench of the National Company Law Tribunal (NCLT) on May 2, which the tribunal on May 10 admitted.
Go First CEO says NCLT order on insolvency plea is landmark, historic
May 10, 2023 12:51 pm
"This is a historic and landmark judgement. It is also a perfect example "in the context of revival of a viable business before it becomes unviable," Go First CEO Kaushik Khona said.
NCLT admits Go First’s plea for insolvency, puts moratorium
May 11, 2023 2:43 am
Go First has sought voluntary insolvency resolution proceedings and interim moratorium.
Lenders staring at a likely loss of Rs 5,600 crore in Go First
May 03, 2023 9:32 am
The total bank loan outstanding of the aviation sector amounts to Rs 28,330 crore as of March 2023, according to RBI data.
RIL moves to demerge finserv business; meet of creditors, shareholders on May 2
May 02, 2023 11:41 am
RIL’s board had approved the demerger in November 2022. At present, RSIL is a wholly-owned subsidiary of RIL and is an RBI-registered non-deposit-taking systemically important non-banking financial company.
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