Month: March 2022

Group insolvency

Major victory for Nicco Corporation staff; Liquidator ordered to recalculate dues

The employees of Nicco Corporation Ltd, the Kolkata-based EPC and Cable manufacturer, got a major victory after the National Company...

HMT

Jammu branch of HMT ordered to be dissolved

The Chandigarh Bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of Government of India-owned HMT Chinar...

Essar Power

Section 29A does not disqualify a resolution applicant permanently: Tribunal

The intention of Section 29A could never have been to disqualify a resolution applicant permanently if there is an initial...

Stay on Ballarpur Industries liquidation

Ballarpur Industries avoid liquidation for now

Gautam Thapar-owned Ballarpur Industries Ltd (BILT) has avoided liquidation for now as the National Company Law Appellate Tribunal (NCLAT) has...