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Thursday, July 3, 2025
TopicNational Company Law Tribunal

Topic: National Company Law Tribunal

NCLAT upholds govt takeover of Delhi Gymkhana Club, but sets March 2025 deadline for reforms

NCLAT says club’s affairs were formerly being conducted in manner prejudicial to public interest, but adds govt-appointed committee can't supersede the club management indefinitely.

More wine & cigarettes, less sport — why Delhi Gymkhana Club was ‘taken over’ by govt

NCLT dissolved Delhi Gymkhana Club’s general committee last year on various allegations made by govt. NCLAT has upheld that verdict, and govt has appointed an administrator.

Clash of the titans: It’s true Lutyens’ elite vs Modi govt over Delhi Gymkhana management

Govt has filed a petition with National Company Law Tribunal, and Delhi Gymkhana management committee says it needs a few days after lockdown to respond.

SC upholds IBC amendment, allows home buyers more remedies against defaulting developers

Court says aggrieved home buyers can now approach the National Company Law Tribunal, Real Estate Development Authority as well as the consumer forums against defaulting companies.

India seeks to reopen IL&FS books citing auditor mismanagement

The Modi govt sent a petition to the National Company Law Tribunal indicating that they found auditing lapses in IL&FS's books.

IL&FS troubles increase as more defaults reported, shows takeover not an instant fix

IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totalling 33.9 crore rupees due for the period from Sept 30 to Oct 4

Modi govt approaches Company Law Tribunal in an attempt to rescue IL&FS

The government may seek a management change and look to supersede the existing board, said reports.

IL&FS seeks insolvency cover to avoid bankruptcy amid string of defaults

IL&FS has missed more than 5 debt payments since August and is trying to settle the matter with creditors outside the insolvency courts.

Ex-Fortis promoter Shivinder withdraws petition against elder brother Malvinder on mother’s advice

Shivinder this month filed an application before the National Company Law Tribunal alleging Malvinder's actions undermining interests of their companies. 

Ericsson Wins Plea to Push Ambani’s RCom Into Insolvency

The Mumbai bench of National Company Law Tribunal has placed Anil Ambani's Reliance Communications Ltd. under insolvency proceedings. This will prevent Anil Ambani from selling RCom's airwaves, towers, and fiber assets to his elder brother's company.

On Camera

Modi govt reduced political interference in PSUs. It’s how they became wealth creators

PSUs were generally considered a drain on government resources. However, things have changed dramatically under the Modi Government. This is evident from several metrics.

India-US trade talks in final stages, withdrawn NITI Aayog paper shifts focus to GM soybean, corn

Working paper invited backlash from several farmers’ groups including BKU & BKS who opposed recommendation for import of genetically modified soybean & corn for oil extraction.

Trump White House hopeful about signing defence pact with India, finalising pending arms deals

Upcoming defence framework, following similar agreements in 2005 & 2015, will also include co-production of key systems including Stryker & Javelin apart from arms sales.

New York, New Comrade. Mayor Mamdani and his India-style socialism

Zohran Mamdani’s faith, support for Gaza, dislike of Modi and Netanyahu are reasons why many in India are unhappy to see his rise rather than celebrate it as another ‘Indian’ conquest.