Tag: nclt
Scripting India’s manufacturing revival: Rationalisation of GST, strengthening of IBC & NCLT on agenda to improve ease of business
Local manufacturing has got a boost from government initiatives like the production-linked incentive (PLI) schemes, government and industry officials said and suggested additional measures like…
IBBI moots mediation between operational creditors & stressed companies
New Delhi: Operational creditors of a stressed firm including vendors and raw material suppliers will be able to explore mediation for the settlement of dues…
Byju’s-BCCI settlement: SC sets aside NCLAT order on Rs 158-crore dispute
In a major setback to edutech firm Byju’s, the Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal (NCLT) order that approved…
zepto: Ranjan Pai, Cipla family eye stake in Zepto; startup moves NCLT to shift domicile
Family offices of Manipal group chief Ranjan Pai, Mankind Pharma brothers Ramesh Juneja and Rajeev Juneja, and Cipla are likely to join Zepto’s funding round…
nclt: Behind India’s slow-moving IBC regime, an NCLT hamstrung by too many vacancies
NEW DELHI: The National Company Law Tribunal (NCLT) faces significant operational challenges due to vacant positions, a ToI report highlighted on October 15. Out of…
NCLT President emphasises need for more manpower amid concerns over IBC case delays
New Delhi: Amid concerns in certain quarters about long delays in admission of cases under the insolvency law, NCLT President Chief Justice (Retd) Ramalingam Sudhakar…
NCLT president seeks more manpower to speed up bankruptcy cases
NEW DELHI: The National Company Law Tribunal (NCLT) requires more manpower to expedite the handling of bankruptcy cases and help in the faster resolutions of…
Lenders have recovered Rs 3.5 lakh cr under IBC: Ravi Mital
New Delhi: Lenders have recovered Rs 3.5 lakh crore through resolution of stressed assets under the insolvency process in the last eight years, a period…
NCLAT rejects state tax claim on Reliance Communications filed for assessment year after insolvency initiation
The NCLAT has set aside a petition filed by the state tax department claiming dues from Reliance Communications (RCom) observing that it was based on…
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…