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Wednesday, September 3, 2025
TopicNCLT

Topic: NCLT

Delhi Gymkhana moves NCLAT, says clubs have absolute freedom to govern themselves

At NCLAT, Delhi Gymkhana Club challenges 26 June order passed by NCLT, which had directed the government to appoint two members on the club's general committee.

Delhi Gymkhana has become a bar, ‘hereditary club’, Modi govt tells company law tribunal

In its submissions before the NCLAT seeking control of management of Delhi Gymkhana club, the government states that the club is ‘an ugly example of nepotism in a democratic country’.

RBI has chosen the easy path, but it won’t solve structural problems in financial sector

RBI’s regulatory measures to allow banks to lend more to some sectors may help revive credit for a quarter or so, but they don’t address fundamental issues.

Company law tribunal admits RBI plea to begin bankruptcy proceedings against DHFL

The debt-ridden DHFL owes Rs 92,715.45 crore to the RBI, and is set to be the first financial services firm to be resolved through the bankruptcy code.

Modi govt bringing NBFCs under bankruptcy code will clog the tribunal even more

Considering delays in ongoing cases under the National Company Law Tribunal, NBFCs require a separate mechanism for handling bankruptcy.

NCLTs, meant to resolve the bad debt mess in days, are understaffed and overburdened

The NCLTs have helped resolve insolvency & bankruptcy proceedings involving more than Rs 80,000 crore in 2018, but many big-ticket cases drag on.

Insolvency plea against Jet Airways — here’s what lies ahead for the airline

NCLT, which will hear insolvency plea against Jet Airways today, was approached by consortium of lenders to recover their dues of over Rs 8,500 crore.

Supreme Court allows Delhi Police to arrest Amrapali chairman, directors

The top court also directed that the personal assets of the three Amrapali directors, including chairman Anil Sharma, be attached.

Supreme Court upholds Insolvency and Bankruptcy Code in entirety

The top court, however, rules that related parties under the IBC should mean a person connected with the business.

Reid & Taylor employees look to buy the fashion company in bankruptcy proceedings

NCLT's Mumbai bench asks Silverdale Services, the investor backing workers' union, to submit financial statements by Thursday.

On Camera

India-Pakistan marriage breakdown that British can’t stop crying about

Ever since the Love Is Blind: UK episode dropped, there has been a collective meltdown online over the separation of Pakistan-origin Kal Pasha and Indian-origin Sarover Kaur Aujla.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.