NCLT

The National Company Law Tribunal (NCLT) has given permission to pursue bankruptcy proceedings against Anil Ambani. This order has come against him due to the State Bank of India (SBI) not being able to recover loans of Rs 1,200 crore.

The Supreme Court today asked the Department of Telecommunications to file an affidavit regarding dues to be paid by users of shared spectrum, along with a reply on past dues, dates of grant and transfer of licenses.

The Supreme Court today expressed its concern regarding payment of AGR dues by telecommunication companies, observing that the AGR dues might be wiped out in the IBC process.

The Calcutta High Court has struck down the National Company Law Tribunal (NCLT) order directing all financial creditors to mandatorily file default record from Information Utility along with a plea under Section 7 of Insolvency & Bankruptcy Code.

The Supreme Court today declined to grant bail to Unitech promoters Sanjay Chandra and Ajay Chandra, because they failed to deposit Rs 750 crore as had been directed by a three-judge bench of the court in October 2017.

The National Company Law...

Technical members come out in a judge’s uniform and hold court, without a law degree and/or a bar council registration

The suspension of initiation of CIRP while provides borrowers/defaulters time to recoup their losses and gradually realize the value of their assets and re-stabilize themselves, the lack of protection to the creditors has reversed the insolvency game that is envisaged under the Code.

The Delhi High Court on Friday directed the National Company Law Tribunal to refrain from taking any coercive action against its member Rajashekhar VK.

The President Ram Nath K...