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Who is Cyrus Mistry?

December 18, 2019 4:44 pm

Cyrus Mistry was the sixth chairman of Tata Sons and had taken over in 2012 after Ratan Tata. Mistry was ousted as Tata Sons chairman on October 24, 2016, and was also removed subsequently as a director on the board of the holding company on February 6, 2017.

Retired pilot claims dues, NCLT Delhi revives second case against Air India

December 04, 2019 5:09 am

The dues of the retired pilot are for the period between July 2012 and January 2016.

Kwality insolvency: NCLT directs lenders to consider Haldiram Snacks' revised offer of Rs 145 crore

November 15, 2019 7:07 pm

National Company Law Tribunal (NCLT) has directed the lenders of Kwality Ltd to reconsider the revised Rs 145-crore offer by Haldiram Snacks to acquire the debt-ridden dairy firm.

IL&FS crisis: ED files first chargesheet; attaches Rs 570 crore assets

For four weeks: NCLT stays own order to prosecute IL&FS auditors

July 26, 2019 3:21 am

The NCLT gave the audit firms time till July 28 to file an appeal, according to the order uploaded on tribunal’s web portal.

NCLT grants Hotel Leela 8 weeks for a deal with Brookfield

July 26, 2019 3:23 am

The tribunal’s directions were based on a prayer for a brief adjournment by Ashish Pyasi of Dhir & Dhir Associates appearing for Hotel Leelaventure.

Insolvency and Bankruptcy Code, IBC, Insolvency and Bankruptcy Board of India, IBBI, Business news, Indian Express

NCLT okays common RP for RCom, two arms

June 22, 2019 1:27 am

According to the proceedings, the majority of the committee of creditors (CoC) across the three firms independently voted to appoint Anish Nanavati as the RP to replace the existing interim resolution professionals (IRP).

ED moves NCLT to stop liquidation of Winsome Diamonds

June 15, 2019 4:14 am

Winsome Diamonds promoted by Jatin Mehta and its subsidiaries owe nearly Rs 10,000 crore including interest to a consortium of 15 banks led by Standard Chartered and Punjab National Bank.

Jet Airways stake sale: Lenders get ‘some’ bids, extend deadline to April 12 to get more parties

NCLT adjourns hearing on Jet Airways to June 20

June 13, 2019 5:40 pm

These two companies had on June 10 dragged the airline to the NCLT seeking bankruptcy proceedings. The airline, which was grounded on April 17, owes Rs 8.74 crore to Shaman Wheels and Rs 53 lakh to Gaggar Enterprises.

NCLT issues notices to Bawa, CEOs of Axis, Standard Chartered Bank

April 27, 2019 1:27 am

The CEOs of the banks as well as Bawa, his wife and daughter have been given 14 days time to reply to the notice after which MCA has seven days time to file its rejoinder.