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Tuesday, December 2, 2025
TopicNCLT

Topic: NCLT

ED restores 354 flats, properties worth Rs 175 cr at Udaipur stalled project to buyers, earns SC praise

The restitution, after a settlement between the agency & the company embroiled in 2016 multi-crore bank fraud case, set to benefit over 200 buyers.

Byju’s insolvency saga: Founder Raveendran’s charges against EY India in bombshell LinkedIn post

Charges by Raveendran who broke his silence follow post by EY India whistleblower. Amid insolvency proceedings, Byju’s founder said he ‘sold his house, mortgaged family’s future’.

‘NCLT, NCLAT must ensure timely resolution, not be mere rubber stamp authority’: SC in Jet Airways ruling

A 3-judge bench, led by CJI, slammed the 2 bodies’ ‘growing tendency’ to disregard SC’s orders, besides political appointments & lack of infra, while also highlighting shortcomings of the IBC.

Jagan Mohan Reddy moves NCLT accusing his sister Sharmila of ‘illegally’ transferring shares

He intended to transfer the shares (Jagan’s own property), in addition to Rs 200 crore he, directly or through their mother, gave to his sister during the past decade.

A paradise lost: How Lavasa fell from grace, leaving homebuyers & creditors in the lurch

NCLT on 6 September scrapped DPIL’s resolution plan for Lavasa and ordered fresh insolvency proceedings. DPIL blamed ‘a few corrupted homebuyers’ and ‘political pressure on banks’.

What’s going on with Byju’s bankruptcy process? Creditors must secure claims, protect interests

Creditors must adhere to the prescribed timelines to recover their dues. Failure to do so could result in losing any potential payouts from the resolution plan or the liquidation process.

Why BCCI filed insolvency plea against Byju’s parent company & what happens to ed-tech firm now

NCLT has admitted BCCI’s insolvency plea against Byju’s over Rs 158 cr of allegedly unpaid dues from sponsorship deal. ThePrint explains what it means for ed-tech firm.

NCLT admits BJYU’s to insolvency resolution process after BCCI plea

NCLT said 'it cannot be disputed' that the parent of Byju's, Think & Learn Private Limited, had availed itself of the services of BCCI and had defaulted on roughly Rs 1.59 billion.

Zee says it is free to go to NCLT to enforce Sony merger deal

Sony scrapped the merger on 22 Jan, ending a deal that could have created one of India's biggest TV broadcasters, claiming breaches of contract.

On Camera

The politics of air pollution—how they are fooling the citizens

Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.

India picks up non-sanctioned Russian oil as discounts widen

The purchases confirm a cautious return to Russian oil, though overall spot purchases remain limited. Trade talks between US and India are ongoing.

India to commission new squadron of submarine-hunting Romeo choppers in Goa later this month

The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.

Gaali cricket: Bavuma stands tall, India’s Test ego cut to size

The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.