Latest News

  • NCLT admits Venugopal Dhoot’s plea to consolidate insolvency cases

    New Delhi: The bankruptcy court has decided to entertain a plea by Videocon Group founder Venugopal Dhoot seeking to consolidate separate insolvency proceedings initiated by lenders led by State Bank of India against 15 of his companies under a single court.

    National Company Law T... Read More

  • NCLAT stays proceedings against IL&FS, group companies

    MUMBAI: The National Companies Law Appellate Tribunal on Monday gave relief to the central government by staying all recovery or foreclosure proceedings against IL&FS and subsidiaries by third parties till November 13.

    NCLAT asked five large creditors of IL&FS to respond o... Read More

  • NCLT grants immunity to the new IL&FS board

    The National Company Law Tribunal has empowered the newly appointed board of the debt-laden Infrastructure Leasing & Financial Services as the court has granted immunities those six directors debarring any action against them for past deeds of old directors.

    Also, the new boar... Read More

  • SAIF partners moves to NCLT against Srinivas Raju alleging fraud

    A fund of SAIF Partners has moved the National Company Law Tribunal, accusing venture capitalist Chintalapati Srinivas Raju and his firms of accounting fraud and siphoning off money from a company where the private equity firm had made an investment.

    On the complaint, the Hyderaba... Read More

  • NCLT grants immunity to the new IL&FS board

    The National Company Law Tribunal has empowered the newly appointed board of the debt-laden Infrastructure Leasing & Financial Services as the court has granted immunities those six directors debarring any action against them for past deeds of old directors.

    Also, the new boar... Read More

  • SAIF partners moves to NCLT against Srinivas Raju alleging fraud

    A fund of SAIF Partners has moved the National Company Law Tribunal, accusing venture capitalist Chintalapati Srinivas Raju and his firms of accounting fraud and siphoning off money from a company where the private equity firm had made an investment.

    On the complaint, the Hyderaba... Read More

  • IL&FS misses more debt payments, showing takeover no instant fix

    Infrastructure Leasing & Financial Services Ltd. is missing more debt obligations, even as the Indian government pledged to prevent further defaults, underscoring the challenges its new board faces in fixing the firm’s mounting debt problems.

    IL&FS failed to service ... Read More

  • Sidbi may take IL&FS to National Company Law Tribunal

    MUMBAI: The Small Industries Development Bank of India (Sidbi) may file a case in the National Company Law Tribunal (NCLT) against debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) for not repaying its term deposits, said two people familiar with the plan.

  • IFC moves insolvency plea against Punj Lloyd at NCLT

    International Finance Corporation (IFC) Thursday moved an insolvency plea against infrastructure firm Punj Lloyd before the National Company Law Tribunal (NCLT).

    A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upst... Read More

  • BSE, NSE to suspend trading in Moser Baer from Oct 11

    NEW DELHI: Leading stock exchanges BSE and NSE have decided to suspend trading in the equity shares of Moser BaerNSE -3.57 % India, a manufacturer of CDs and DVDs, from October 11 following the commencement of liquidation proceedings. The move comes after Delhi Bench of National Company Law Tribunal (NCLT) through an order on September 20 had in... Read More