December 04, 2019 5:09 am
The dues of the retired pilot are for the period between July 2012 and January 2016.
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.
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.
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.
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).
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.
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.
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.
March 16, 2019 4:35 am
Sterling Biotech was referred to the NCLT in June last year for insolvency proceedings under the Corporate Insolvency Resolution Process (CIRP).
February 06, 2019 2:26 am
Reid & Taylor was launched by S Kumar’s Nationwide (SKNL) in India in 1998 with a fabric plant at Mysuru in Karnataka. The company had around 1,200 employees. SKNL is also facing bankruptcy proceedings.