National Company Law Tribunal
Manufacturing
ABG Shipyard heads to junkyard as NCLT orders liquidation
A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder ......
Manufacturing
CarVal Investors, Arcil get lenders' approval to buy two Uttam Galva units
A consortium of US-based distressed assets investor CarVal Investors and Asset Reconstruction Company of India Ltd (Arcil) has moved a ......
Consumer
Hotel Leelaventure's deal with Brookfield hits a wall as ITC moves NCLT
Cigarette-to-hotels company ITC Ltd has approached the National Company Law Tribunal (NCLT) against debt-ridden Hotel Leelaventure Ltd alleging oppression of ......
Manufacturing
Ballarpur Industries unit dragged to bankruptcy court for second time
Kotak Mahindra Bank has dragged BILT Graphic Paper Products Ltd to the bankruptcy court after the unit of Avantha group-promoted ......
Consumer
Fugitive diamantaire Mehul Choksi's Gitanjali Gems heads for liquidation
Absconding diamantaire Mehul Choksi-promoted Gitanjali Gems Ltd is headed for liquidation after a majority of its lenders decided not to ......
Finance
Govt may direct state-run banks on bad debt after court's rejection of RBI rules
The government could issue directions to state-run banks to resolve corporate default cases and ensure there is no tampering with ......
Finance
NCLT says Sterling Biotech withdrawal a case for re-entry of defaulting promoters
Hearing the Sterling Biotech case, the National Company Law Tribunal (NCLT) said that withdrawal from proceedings can violate the rule ......
Infrastructure
Jyoti Structures bankruptcy resolution back on track as tribunal quashes liquidation order
A group of investors led by Sharad Sanghi, chief executive officer at Netmagic Solutions, will submit a revised resolution plan ......
Consumer
Brookfield inks pact to acquire Leela hotels for $576 mn
Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire its luxury ......
Finance
Tribunal questions lenders' acceptance of settlement offer for Sterling Biotech
The National Company Law Tribunal has raised suspicion on the lenders’ acceptance of a one-time settlement offer from the absconding ......
