NCLT

The petition was filed by Supreme Court Advocate Amrendra Kumar Singh through Advocate-On-Record Anand Mishra and drawn by Mukul Kumar Shrawat. Today Senior Advocate Pradeep Rai appeared for the petitioner.

A petition has been filed in the Supreme Court seeking directions to the Ministry of Corporate Affairs to extend tenure of those members of NCLT whose term of 5 years is expiring in May & June 2021, but have not reached the age of 65 years or 67 years, as the case may be.

In earlier proceedings, it was submitted that the Insolvent property sold to around 2000 allottees, around 300 were handed over shops and commercial spaces.

The Court while considering the facts of the matter ordered that the petitioner is entitled for a status quo on shareholding of the Nayati Healthcare and Research NCR Pvt Ltd and granted 4 (four) weeks’ time to all 16 Respondents to file their Replies.

The Delhi High Court on Monday directed that the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)

A bankers’ panel is working on faster resolution of stressed assets in public sector banks. The new concept will, they claim, help resolve the problem of large bad loans.

The Delhi High Court today held that that Banks/Financial Institutions can initiate and continue the proceedings against the guarantor for recovering their dues under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 .

A plea has been filed in the Supreme Court challenging section 3 of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 and Section 7 of the IBC and to set out new conditions for real estate allottees to approach the NCLT as being in violation of Article 14 and 21 of the Constitution.

The Insolvency and Bankruptcy regime of India has evolved steadily since its beginning in 2016, benefitting from the jurisprudential osmosis. This article attempts to study the providence of the workmen of an insolvent employer within the scheme of Code.

The Supreme Court today has given 10 years time for staggered payment of adjusted gross revenue (AGR) related dues by telecom giants including Vodafone Idea, Bharti Airtel and Tata Teleservices.