Nclt News
Government invites applications to fill positions at NCLT, appellate tribunals
The plan is to appoint nine judicial members and six technical members in NCLT.
1 min read17 Oct 2021Jet Airways to be run by 7-member monitoring panel under resolution plan
The panel will include three representatives nominated by the Jalan-Kalrock consortium, three others appointed by lenders with highest share in the CoC and an independent insolvency professional
2 min read26 Jun 2021Lenders’ voting on Jet Airways’s resolution plan extended to Saturday
The voting on the resolution plans submitted by two bidders was supposed to end on Friday The carrier was admitted to the National Company Law Tribunal (NCLT) in June 2019
1 min read16 Oct 2020SBI case triggers FinMin directive
PSBs asked to monitor cases for individual bankruptcy Dept of financial services says that the IBC rules empower creditors to submit insolvency filings
1 min read28 Aug 2020Govt extends NCLT Acting President tenure for one month
Ministry of Corporate Affairs has extended NCLT president BSV Prakash Kumar's tenure for the second time with immediate affect from July 5
1 min read21 Jul 2020Deccan Chronicle wins ₹4,800 crore arbitration award against BCCI
The matter pertains to termination of franchise by BCCI on 15 September 2012 following an emergency meeting of IPL governing council
1 min read17 Jul 2020NCLT sets aside insolvency proceedings against V2 Retail
The NCLT direction had come over a plea filed by Totem Media Solutions, a company engaged into the sale of advertising printing space, claiming a default totaling to ₹86.61 lakh along with the interest
2 min read16 Jul 2020NCLT cancels summer vacation this year, to hear cases
The Delhi-based principal bench was scheduled to go on summer vacation in the month of June NCLT was set up under section 408 of the Companies Act, 2013 on June 1, 2016
1 min read7 May 2020Jet Airways RP seeks 90 days extension for bids from NCLT
The tribunal, comprising Bhaskara Pantula Mohan and Rajesh Sharma, will hear the matter next week The cash-strapped airline, which was grounded in April 2019, owes more than ₹8,000 crore to banks
1 min read13 Mar 2020NCLT allows govt to reopen, recast CG Power’s accounts
Tribunal says charges against former chairman Thapar are very serious in nature Govt has sought restatement of CG Power’s accounts as they do not reflect true picture
1 min read6 Mar 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared