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...
Main Story
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...
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...
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...
Related party financial, operational creditors cannot be discriminated against in resolution plan
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has said that the related Party financial or operational...
Here are some fraudulent transactions by ABG Shipyard uncovered during insolvency process
Even before the CBI took the lid off the bank loan fraud committed by ABG Shipyard and its promoter and...
Haldia Petrochemicals ‘bags’ Coastal Oil & Gas Infrastructure for Rs 37.5 crore
The Amravati bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Haldia Petrochemicals Ltd for...
JSW Ispat Special Products hives off Raipur plant
JSW Ispat Special Products (formerly known as Monnet Ispat and Energy Limited), a JV between Private Equity firm AION &...
A timeline of ABG Shipyard loan fraud case
As the ABG Shipyard bank fraud (to the tune of Rs 22,000 crore) case came to light, the government came...
Ravi Mital takes charge as chairperson of Insolvency and Bankruptcy Board of India
Ravi Mital today took charge as Chairperson of Insolvency and Bankruptcy Board of India inNew Delhi today. A 1986 batch...