Monday, Oct 21, 2019 | Last Update : 07:53 AM IST

NCLAT

NCLAT

JSW Steel approached NCLAT seeking protection from the ongoing investigation in money laundering cases against former promoters of BPSL.

NCLAT asks ED to release BSPL assets, stays Rs 19,700-cr sale to JSW Steel

On September 5, NCLT had approved the JSW Steel's Rs 19,700 crore resolution plan for BPSL.

14 Oct 2019 1:12 PM

NCLT had barred Dutch Court Administrator from taking part in the Jet Airways insolvency proceedings in India. (Photo: File)

NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

26 Sep 2019 12:28 PM

The NCLAT had admitted HUDCO's plea on May 15, 2019 in the ongoing cases of Bakshi and McDonald's India Pvt Ltd (MIPL). (Photo: Pixabay)

NCLAT orders review of McDonald's-Vikram Bakshi settlement

The appellate tribunal was hearing an intervention plea by HUDCO, claiming dues of Rs 195 crore from Bakshi.

19 Sep 2019 8:58 AM

Under the insolvency proceedings, JSW Steel has emerged as the winning bidder for Bhushan Power & Steel.

Bhushan Power case: NCLAT to hear JSW Steel's plea on Oct 14

NCLAT will decide over the payment of Rs 19,350 crore by JSW Steel of Bhushan Power & Steel on hearing on Oct 14.

16 Sep 2019 1:53 PM

A three-member NCLAT bench observed that its order on August 28 is "conditional" as debt-ridden Sterling Biotech may "revert back to liquidation" and judgement would "stand reversed" if clean money is not paid within the period.

ED needs to be satisfied over dues payments made by Sterling promoters: NCLAT

NCLAT also said the promoters will have to settle their case with the creditors within a specified period.

06 Sep 2019 6:09 PM

NCLAT's direction came while hearing a petition filed by the Dutch Court Administrator against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which had declared overseas bankruptcy proceedings null and void in the Jet Airways insolvency case. (Photo: Representational/File)

NCLAT asks Jet Airways IRP to cooperate with Dutch Court Administrator

The Dutch Court Administrator has also agreed before NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

04 Sep 2019 3:34 PM

The top court said if NBCC, whose two proposals have been rejected earlier by lenders of the defaulting Jaypee group, is not willing to submit a revised plan, then it may look for other alternatives.

SC seeks revised plan from NBCC on completing stalled Jaypee group projects

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to NBCC and sought its reply by September 5.

03 Sep 2019 7:14 PM

NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group.

SC seeks NBCC response on completing stalled Jaypee group projects

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

03 Sep 2019 1:18 PM

The grounded airline owes more than Rs 8,500 crore to lenders.

NCLAT asks Jet lenders if they would cooperate with Dutch court administrator

The NCLAT has asked to list the matter on September 4 for further hearing.

21 Aug 2019 3:19 PM

While Deloitte had stopped auditing IL&FS Group, which owes over Rs 95,000 crore to lenders and other financial institutions, by the end of FY2017-18, BSR was the statutory auditor of IL&FS Financial Services (IFIN) and resigned only in June this year-nine months after the company was sent to the bankruptcy court.

NCLAT refuses interim relief to Deloitte, BSR Associates in IL&FS case

NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, the bench said.

20 Aug 2019 7:02 PM

The move came after the Kolkata bench of the NCLT had ordered to initiate insolvency proceedings against MBL Infrastructures in March 2017 over a plea filed by RBL Bank.

NCLAT spikes banks’ plea against MBL resolution

The NCLT had on April 18, 2018 approved the resolution plan by Lakhotia and this was challenged by the four banks before the NCLAT.

19 Aug 2019 12:44 AM

The NCLAT had asked state-owned NBCC, whose bid was rejected by the CoC of Jaypee Infratech, to submit fresh resolution plan for the debt-ridden company.

NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.

30 Jul 2019 3:02 PM

Reliance Infratel, is a subsidiary of RCom, and is presently under corporate insolvency resolution process. (Photo: File | PTI)

NCLAT dismisses contempt petition against Anil Ambani over RCom payment default

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

23 Jul 2019 3:21 PM

The appellate tribunal has directed to list the matter on July 29, when it is likely to pass the order on this.

Will pay creditors entire amount; complete projects in 3 yrs: Jaypee Infratech

A two-member bench asked the promoter of Jaypee Infratech to file written submissions over exclusion of time frame.

22 Jul 2019 7:36 PM

NCLAT gave operational creditors equal status as lenders in the distribution of the ArcelorMittal's bid amount among the creditors of Essar Steel.

Supreme Court orders status quo in Essar insolvency case

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

22 Jul 2019 11:29 AM

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.

Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

17 Jul 2019 6:59 PM

The appellate tribunal had also issued notice to Resolution Professional and Royale Partners Investment Fund, directing them to file reply within two weeks.

NCLAT to hear ArcelorMittal's plea on EPC Construction on August 8

The NCLT has rejected ArcelorMittal's plea against bid of Royale Partners Investment Fund for ECIL, formerly Essar Projects India.

16 Jul 2019 9:01 AM

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.

12 Jul 2019 12:47 PM

Promoters of Fortis Healthcare, Malvinder Singh and Shivinder Singh. (Photo: fortishealthcare.com)

NCLAT dismisses HDFC's insolvency plea against RHC Holding

The NCLAT had in January this year issued notices to RHC Holding and other parties and directed them to file their replies.

10 Jul 2019 12:04 PM

The NCLAT said financial creditors will get 60.7 per cent of their admitted claims of Rs 49,473 crore. The rest would go to operational creditors.

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational creditors.

05 Jul 2019 9:09 AM

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