Tag: national company law tribunal

Ashneer Grover, the co-founder and former managing director of BharatPe has now withdrawn his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the firm's board
Posted in Business

Ashneer Grover withdraws oppression, mismanagement plea against BharatPe board after settlement: Report

Ashneer Grover, the co-founder and former managing director of BharatPe has now withdrawn his plea from the National Company Law Tribunal (NCLT), in which he…

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Posted in Economy

NCLT: Rescues for large defaulters may strike an informal note

The Centre would soon put in place a creditor-led insolvency resolution mechanism, largely involving out-of-court arrangements for even big loan default accounts, to ease the…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

byjus: SC to hear Glas Trust’s plea over insolvency proceedings against Byju’s on September 17

The Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

rbi: Govt fast-tracks approval process for overseas-headquartered startups’ mergers into Indian arms

In a big boost to the so-called “reverse flipping”, India has decided to fast-track the approval process for the merger of a start-up incorporated outside…

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Go first airlines (Representative Photo)
Posted in Business

NCLT directs Go First to submit report on aircraft maintenance

The National Company Law Tribunal (NCLT) on Friday directed the resolution professional of cash-strapped grounded airlines Go First to submit details of the subsequent developments….

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insolvency: IBBI prepares list of 400 insolvency professionals for easy pickings
Posted in Economy

insolvency: IBBI prepares list of 400 insolvency professionals for easy pickings

In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered…

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insolvency: IBBI to form 'common panel' of insolvency professionals
Posted in Economy

insolvency: IBBI to form ‘common panel’ of insolvency professionals

The bankruptcy regulator will prepare a “common panel” of insolvency professionals (IPs) from those registered with it and share the list in advance with the…

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Posted in Economy

Startup and MSME M&As to be cleared within 15-60 days

India on Tuesday revamped the rules governing approval for mergers and acquisitions (M&As) in the startup space to make the process faster and simpler. M&As…

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Posted in Startups

MSME: Startup and MSME M&As to be cleared within 15-60 days

India on Tuesday revamped the rules governing approval for mergers and acquisitions (M&As) in the startup space to make the process faster and simpler. M&As…

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Go First has suspended sale of tickets till May 15 (Representative Photo)
Posted in Business

NCLT initiates Go First airline’s plea to initiate insolvency resolution

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea under the Insolvency and Bankruptcy Code (IBC) and awarded the airline bankruptcy…

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