NCLT – Page 2 – Lawcutor

Supreme court: Any creditor can seek transfer of winding up proceeding from High Court to NCLT

Chief Justice of India SA Bobde, Justices AS Bopanna and V. Ramasubramanian while hearing the appeal of financial creditor in the matter of winding up has held that creditor of…

Aircel Spectrum sale under IBC decided by NCLAT : Surpeme Court

Last week The Supreme Court allowed the National Company Law Appellate Tribunal (NCLAT) to decide the question of whether mobile operator Aircel's spectrum license can be sold under Insolvency &…

NCLT principal bench transfers case from Kolkata Bench to New Delhi due to shortage of members

20 Sep 202020 Sep 2020

Facing the shortage of members at its Kolkata Branch, the principal bench has transferred one case to New Delhi (Techno Electric & Engineering vs McLeod Russel India)It is a transfer…

SBI V. ANIL AMBANI: NCLT APPOINTS RESOLUTION PROFESSIONAL

An application to initiate insolvency proceedings against Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, had been filed by the Project Finance Strategic Business Unit of State Bank…

Supreme Court declines bail to Unitech promoters Sanjay and Ajay Chandra

The Supreme Court has declined to grant bail to Unitech promoters Sanjay Chandra and Ajay Chandra, because they didn't deposit Rs 750 crore as had been directed by a three-judge…

Timeline of Implemented Resolution Plan Relaxed by NCLT Ahmedabad

Judicial Member Manorama Kumari of the Ahmedabad bench of the National Company Law Tribunal allowed a request to relax the timeline for completion of its Resolution Plan. Consortium Resolution Applicant…

NCLT orders for setting up of panel in relation to Irregularities observed at Delhi Gymkhana Club

NCLT had asked the government to appoint two nominees to the governing body of Delhi Gymkhana Club and also, set-up a five-member committee to look into the alleged “irregularities”. NCLT…