Monday, 16 May, 2022
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

YourTurn

Conspiracy being hatched to kill me, says Imran Khan

For US, Pakistan’s become too hot to handle. A raging Imran Khan is only making it worse

Pakistan needs the US. But there is the question of what Washington thinks Islamabad can deliver in its current state. In Pakistan, even China has burnt its fingers.

Adani forges $10.5-billion deal with Holcim India to buy Ambuja Cement, ACC

Holcim’s sale of its Indian business is expected to close in second half of 2022. Adani Group beat other firms, including JSW Group, to become India's 2nd biggest cement manufacturer.

Defence

File photo of Pakistan PM Shehbaz Sharif speaking in the National Assembly | ANI

India expects ‘nothing dramatic’ from new Pakistan govt, ‘terror must stop for normalisation’

With Shehbaz Sharif government in power now, there's speculation that ties between India and Pakistan, which worsened after Balakot air strike, could see major improvement.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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