NCLT

Timelines
Exporters flee country after cheating 6 banks; SBI files complaint

09 May 2020

Exporters flee country after cheating 6 banks; SBI files complaint

Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.

SC stays NCLAT order reinstating Cyrus Mistry as Tata Chairperson

10 Jan 2020

SC stays NCLAT order reinstating Cyrus Mistry as Tata Chairperson

Weeks after the National Company Law Appellate Tribunal (NCLAT) reinstated Cyrus Mistry as the Executive Chairperson of Tata Group, the Supreme Court stayed the tribunal's order citing "basic errors" in it.

Nirmala Sitharaman announces special funding window for unfinished housing projects

14 Sep 2019

Nirmala Sitharaman announces special funding window for unfinished housing projects

Amid the concerning situation of the country's economy, Finance Minister Nirmala Sitharaman announced a slew of measures on Saturday aimed at boosting growth.

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

20 Aug 2019

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, has been arrested by the Enforcement Directorate in connection with a Rs. 354 crore bank fraud case, despite multiple attempts to evade arrest.

After 22 years, McDonald's posts its first-ever profit in India

26 Dec 2018

After 22 years, McDonald's posts its first-ever profit in India

22 long years after it started its business in India, global fast-food chain McDonald's posted its first-ever profit in the country.

Government takes over debt-ridden financial firm IL&FS after NCLT nod

01 Oct 2018

Government takes over debt-ridden financial firm IL&FS after NCLT nod

The National Company Law Tribunal (NCLT) today allowed the Union Government's interim prayer to reconstitute the Board of Infrastructure Leasing & Financial Services Ltd (IL&FS).

Fortis' co-founder Shivinder Singh sues elder brother, snaps business ties

05 Sep 2018

Fortis' co-founder Shivinder Singh sues elder brother, snaps business ties

Co-Founder of Fortis Healthcare, Shivinder Mohan Singh filed a lawsuit against his elder brother Malvinder Mohan Singh on Tuesday on grounds of "oppression and mismanagement" in their joint businesses: RHC Holding, Religare and Fortis.

Tata vs Cyrus Mistry: NCLT rules in Tata Sons' favor

09 Jul 2018

Tata vs Cyrus Mistry: NCLT rules in Tata Sons' favor

In what seems to be a decisive verdict in the Tata Sons-Cyrus Mistry case, the Mumbai bench of the National Company Law Tribunal (NCLT) has ruled in favor of Tata Sons, dismissing Mistry's pleas challenging his removal as the chairman of the group.

Videocon: PM Modi, SC, Brazil responsible for Rs. 39,000cr debt

12 Jun 2018

Videocon: PM Modi, SC, Brazil responsible for Rs. 39,000cr debt

Videocon Industries Ltd., with its massive Rs 39,000cr debt, is facing bankruptcy proceedings after the National Company Law Tribunal (NCLT) admitted a plea from lenders last week, led by the State Bank of India.

Rs. 30,000cr might be recovered from resolution under IBC: SBI

09 Jun 2018

Rs. 30,000cr might be recovered from resolution under IBC: SBI

State Bank of India, the country's largest lender, expects to recover around Rs. 30,000cr from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said.

Know all about the Insolvency and Bankruptcy Code 2016

06 Jun 2018

Know all about the Insolvency and Bankruptcy Code 2016

Insolvency and Bankruptcy Code 2016 is one of the biggest economic reforms adopted by India. It is a rare example of a much-needed law which has witnessed speedy roll-out and implementation.

SC asks Jaypee to deposit Rs. 200cr by May 10

21 Mar 2018

SC asks Jaypee to deposit Rs. 200cr by May 10

The SC has given Jaypee Associates, parent of debt-ridden Jaypee Infratech, till May 10 to deposit Rs. 200cr.

How this Mumbai-based firm duped lenders of Rs. 4,000cr

19 Mar 2018

How this Mumbai-based firm duped lenders of Rs. 4,000cr

Investigators have taken action against businessmen accused of duping over 20 lenders of Rs. 4,000cr, reports TOI.

Debt-ridden Aircel to file for bankruptcy, exit market soon

19 Feb 2018

Debt-ridden Aircel to file for bankruptcy, exit market soon

It looks like Aircel is in deep water as it's soon going to file for bankruptcy at National Company Law Tribunal (NCLT), according to ET.

RCom to exit SDR, reduce debt by Rs. 39,000cr: Ambani

27 Dec 2017

RCom to exit SDR, reduce debt by Rs. 39,000cr: Ambani

Anil Ambani-owned Reliance Communications has announced it would exit the ongoing Strategic Debt Restructuring (SDR) scheme of its lenders by selling its Rs. 25,000cr-worth telecom assets, including towers, spectrum and optical fiber by Mar'18.

All about McDonald's and Vikram Bakshi conflict

26 Dec 2017

All about McDonald's and Vikram Bakshi conflict

McDonald's fans in North or East India are in for some sad news.

Mahesh Bhupathi, Lara Dutta take Gitanjali Gems to insolvency

21 Dec 2017

Mahesh Bhupathi, Lara Dutta take Gitanjali Gems to insolvency

Mahesh Bhupathi and Lara Dutta, brand ambassadors of Gitanjali Gems, have taken the company to insolvency as operational creditors.

NCLT allows Centre to take over realty major Unitech

08 Dec 2017

NCLT allows Centre to take over realty major Unitech

The National Company Law Tribunal (NCLT) has allowed the Centre to take management control of realty giant Unitech after the Corporate Affairs Ministry moved the bankruptcy court.

More trouble for RCom: China Development Bank files insolvency case

28 Nov 2017

More trouble for RCom: China Development Bank files insolvency case

There's more trouble brewing for Anil Ambani's debt-ridden Reliance Communications as China Development Bank (CDB) filed an insolvency case against it.

President approves amendment to Insolvency and Bankruptcy Code

23 Nov 2017

President approves amendment to Insolvency and Bankruptcy Code

A day after the Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC), President Ram Nath Kovind has given assent for the law to go into force.

Investors' nod to Tata Sons to become private limited company

21 Sep 2017

Investors' nod to Tata Sons to become private limited company

Tata Sons shareholders have approved its conversion into a private limited company. It came after NCLAT allowed Cyrus Mistry's family firms to file a case against Tata Sons.

Over 2 lakh companies' bank accounts frozen

05 Sep 2017

Over 2 lakh companies' bank accounts frozen

The Finance Ministry has imposed restrictions on the operation of bank accounts of more than 2 lakh companies which have been "struck off" from the Register of Companies.

Tata Sons to scrap all deals with Cyrus Mistry's group

17 Aug 2017

Tata Sons to scrap all deals with Cyrus Mistry's group

Under chairman N Chandrasekaran's directions, the board of Tata Sons has ordered its group companies to scrap all business dealings with Cyrus and Shapoor Mistry's Shapoorji Pallonji Group.

Insolvency plea: Jaypee homebuyers' claim filing guide

16 Aug 2017

Insolvency plea: Jaypee homebuyers' claim filing guide

IDBI bank has received the nod to start insolvency proceedings against Jaypee Infratech for defaulting on Rs. 526.11 crore loan that it took for its Wishtown project in Noida.

SEBI's conditional nod to Idea-Vodafone merger: What are the terms?

08 Aug 2017

SEBI's conditional nod to Idea-Vodafone merger: What are the terms?

The SEBI has given a conditional nod to the $23bn Idea-Vodafone merger, subject to the outcome of an ongoing probe over allegations that an Idea promoter had bought 0.23% shares in violation of laws.

Court initiates Rs 500 crore criminal defamation proceedings against Mistry

04 Jul 2017

Court initiates Rs 500 crore criminal defamation proceedings against Mistry

A Mumbai metropolitan court has initiated criminal defamation proceedings against ex-Tata Group chairman Cyrus Mistry, his brother Shapur Mistry and their firms.

Lanco Infratech: First of 12 blacklist companies facing bankruptcy action

20 Jun 2017

Lanco Infratech: First of 12 blacklist companies facing bankruptcy action

Lanco Infratech was touted to be the first company amongst Reserve Bank of India's twelve blacklist companies to face bankruptcy action.

RBI: 12 mega defaulters, accounting for 25% of NPA, identified

14 Jun 2017

RBI: 12 mega defaulters, accounting for 25% of NPA, identified

The Reserve Bank of India (RBI) said, its internal advisory committee (IAC) has rounded up 12 accounts, responsible for almost 25% of the non-performing assets (NPAs) problem plaguing the banking system.

Tribunal says Mistry makes no case against Tatas

24 Apr 2017

Tribunal says Mistry makes no case against Tatas

The National Company Law Tribunal stated that petitions filed by shareholders linked to Cyrus Mistry, have made no case against the Tata group.

NCLT quashes Mistry's waiver petition

17 Apr 2017

NCLT quashes Mistry's waiver petition

Cyrus Mistry's petition that alleged mismanagement and oppression of minority shareholder interests suffered badly as the National Company Law Tribunal declined to grant "waiver to Cyrus Mistry's family firms on the minimum shareholding requirement to petition" against Tata Sons.

Idea Vodafone merger: A deal of necessity rather than luxury

20 Mar 2017

Idea Vodafone merger: A deal of necessity rather than luxury

Idea cellular board has finally agreed a merger with Vodafone.

Tatas can force Mistry family to sell stake

28 Feb 2017

Tatas can force Mistry family to sell stake

By passing a special resolution, Tata Sons Ltd may ask the Mistry family firms to exit the shareholders' group after 50 years of association.

Tata Sons' shareholders vote out Cyrus Mistry from board

06 Feb 2017

Tata Sons' shareholders vote out Cyrus Mistry from board

On Monday, the shareholders of Tata Sons Ltd., controlled by Tata Trusts and Tata Companies, together voted to oust Cyrus Mistry as a director in an extraordinary general meeting (EGM).

National Company Law Tribunal rejects Mistry's plea

19 Jan 2017

National Company Law Tribunal rejects Mistry's plea

The National Company Law Tribunal has dismissed pleas by 2 companies owned by the Mistry family which alleged violations of NCLT directives in removing Mistry from Tata Sons' board.

Natarajan Chandrasekaran appointed as new Tata Sons chairman

12 Jan 2017

Natarajan Chandrasekaran appointed as new Tata Sons chairman

N.Chandrasekaran, the CEO and managing director of TCS has been appointed the new chairman of Tata Sons. He took over as TCS CEO in 2009.

Cyrus Mistry resigns from all listed Tata Companies

19 Dec 2016

Cyrus Mistry resigns from all listed Tata Companies

In a key development, Cyrus Mistry has resigned from six Tata Group Companies.