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Sunday, June 23, 2024
TopicNational Company Law Tribunal

Topic: National Company Law Tribunal

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

Delhi dating scene has a lawyer-engineer fatigue. Diversify your right swipes

Navigating dating apps is as risky as trading stocks. It makes sense to spread our assets—school teachers, DJs or public policy nerds; diversity is important.

India’s aviation sector set to boom under Modi 3.0 but ‘emerging duopoly’ could hurt consumers

Sector analysts warn that with Go First expected to remain grounded & SpiceJet struggling, industry is likely to consolidate to just 2-3 player market, hampering competition.

Army hospital commandant says no misuse of disability pension grant. ‘Scrutiny at all levels’

Lt Gen Nilakantan says revised Entitlement Rules & Guide to Medical Officers for pensions had been revised to rationalise disability classification, quantification & granting of disability.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.