Zee withdraws application for execution of merger with Sony
Mumbai: Zee Entertainment Enterprises Ltd. announced on Tuesday that it has withdrawn its application from the National Company Law Tribunal (NCLT) regarding the execution of its merger with Sony Entertainment Enterprises (Culver Max), the company said in a statement.
American finance company approaches NCLT to initiate insolvency proceedings against Byju's
Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.
BCCI files case against Byju's with NCLT
New Delhi: Troubled ed-tech company Byju’s is facing fresh challenges as the Board of Control for Cricket in India (BCCI) has dragged the firm to the National Company Law Tribunal, the adjudicator’s website says.
Lenders disappointed with Jindal's Rs 301 cr bid for debt-laden Future Enterprises
Kolkata: Jindal (India) has bid Rs 301 crore for Future Enterprises, which is less than 3% of the total Rs 12,265-crore loan exposure, rendering it almost inconsequential to lenders, ET reported.
Gautam Adani considering bidding for Anil Ambani's coal-fired power plants under auction: Report
New Delhi: Billionaire Gautam Adani is contemplating a bid for the coal-fired power plants owned by Anil Ambani, who is facing financial difficulties, Bloomberg reported.
Go First Insolvency: Central Bank of India, 3 other lessors file applications in NCLT
Mumbai: Central Bank of India and lessors including SMBC Afro Engine Leasing, Bluesky 19 Leasing Company Limited, and Bluesky 31 Leasing Company Limited, filed fresh applications in the insolvency plea of Go First at the National Company Law Tribunal (NCLT), media reports said.
New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.
The Interim Resolution Professional (IRP) of Go First Abilash Lal has informed the National Company Law Tribunal (NCLT) that the financially strained airline has incurred disproportionate liabilities due to the grounding of its aircraft, Moneycontrol reported.
'Absolutely no question of filing for insolvency': SpiceJet CEO Ajay Singh on insolvency rumours
New Delhi: Budget airline SpiceJet has said that it is implementing measures to restore its grounded fleet by utilizing the $50 million received from the government's Emergency Credit Line Guarantee Scheme (ECLGS) along with internal cash accruals. The company aims to dispel any rumors of insolvency.
Go First may start services soon after NCLT approves insolvency plea: Report
Mumbai: Cash-strapped budget carrier Go First may resume regular flights soon as it plans to go business as usual after the National Company Law Tribunal (NCLT) gave its nod to the company’s insolvency plea, paving the way for the airline’s revival.
NCLT approves merger of HDFC and HDFC Bank
The National Company Law Tribunal (NCLT) gave its approval for the merger of HDFC and HDFC Bank, which is considered to be the largest merger in corporate history.
Future Enterprises declared insolvent, to be auctioned off
Mumbai: After Future Retail, another Kishore Biyani-owned company, Future Enterprises, has been admitted to insolvency resolution and will be auctioned off in order to collect outstanding debts, a report in the media said.
NCLT allows Jet Airways ownership transfer to Jalan Kalrock Consortium: Report
New Delhi: The National Company Law Tribunal (NCLT) has given nod to transfer the ownership of grounded Jet Airways to the Jalan Kalrock Consortium (JKC), which had won the bid to revive the carrier in 2021, media reported.
Reliance Jio gets NCLT's nod to acquire Reliance Infratel
Mumbai/IBNS: Reliance Jio Monday secured approval of the National Company Law Tribunal (NCLT) to acquire debt-laden Reliance Infratel in a bankruptcy resolution that lingered for two years, media reports said.
Gail to acquire debt-ridden JBF Petrochemicals as lenders approve transaction
New Delhi: India's leading gas trading, transmission, and petrochemicals company Gail Ltd has received the letter of intent from lenders, paving the way for the public sector firm to acquire the debt-ridden JBF Petrochemicals through the insolvency route, media reports said.