NCLAT restrains banks from declaring IL&FS from wilful defaulter
The National Company Law Appellate Tribunal (NCLAT) has restrained 11 banks from initiating proceedings for declaration as wilful defaulter against...
Month: March 2024
SNJ Breweries resolution plan for Privilege Industries gets NCLT nod
The NCLT has approved the resolution plan submitted by Chennai-based distillery SNJ Breweries Private Limited for Privilege Industries, a Maharashtra-based...
NCLAT paves way for Kalrock-Jalan to take control of Jet Airways
In a big relief to the Kalrock-Jalan Consortium, the successful resolution applicant (SRA) for Jet Airways, the National Company Law...
UK Insolvency Service seeks up to 15-year director ban for Lex Greensill
The UK government has initiated legal action against Lex Greensill, founder of the Greensill financial group, seeking to disqualify him...
ED attaches Rs 367 crore worth properties of Bhushan Steel
The Enforcement Directorate on Friday attached movable and immovable properties worth Rs 367 crore of Bhushan Steel under the provisions...
1st Edition Of GCCIL-IBBI National Mock-CIRP Competition from 11 Mar
GNLU Centre for Corporate and Competition Law (GCCIL) in collaboration with Insolvency and Bankruptcy Board of India (IBBI) is organising...
NCLT can under Section 32A order release of corporate debtor’s properties attached by ED
The Bombay High Court has recently said that the NCLT was well within its jurisdiction in declaring that the corporate...
Legalpay aims to double litigation funding AUM at $1 bn by 2024-end
LegalPay, a litigation funding company, has announced it has successfully managed claims worth $400 million since 2020 empowering over 1,000 businesses to...